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SOLUSDT trade ideas

SOL/USDT – Double Zigzag Completed! Is a Bullish Reversal Next?Solana (SOL) has likely completed a Double Zigzag (WXY) correction, with Wave C of Y bottoming at $130.60 (1.0 Fibonacci extension). This suggests a potential trend reversal, but SOL must first break key resistance at $146-$150 to confirm a bullish move. 🔹 Elliott Wave Analysis & Bullish Scenario If the Double Zigzag correction is complete, SOL could begin a new impulse wave, targeting: ✅ $169-$173 (0.5 Fibonacci retracement, previous Wave B resistance) ✅ $180-$195 (0.382 Fib & major supply zone) ✅ $220+ (Wave 3 extension target) 🔻 Bearish Scenario – Extended Correction? If SOL fails to break $150, it could indicate that the correction is not yet over, leading to: ❌ Retesting $130 support ❌ Possible extended correction towards $113-$100 (1.272 Fib extension) 📌 Key Level to Watch: 🔹 A break & close above $150 signals bullish continuation. 🔹 A rejection could mean further downside. 📊 Is SOL ready for a breakout, or will we see another leg down? Share your thoughts below! 👇🔥
Long
by DipWaves
3
Solana short to $129.6I just opened a solana short position if anyone wants to follow along. Roughly 3RR Based on my analysis I think the market is gonna push to make a lower low soon and will likely fall to the $129.6 area and maybe lower but i might be a sleep so setting a hard target at that area so that Its likely to get hit. I did not wait for any special type of entry confirmation here I think its high enough and my stop is at good invalidation point in a relatively safe area and good level. I don't expect much upside movement from here. This should be an attract area for other sellers to get in.
Short
by Filnft
SOL Potential drops -55% to $131? Here’s WhyBINANCE:SOLUSDT might be forming another right shoulder of a W-bottom (light blue line). The target drop is around $131, which happens to be the mid-point (0.5) of the descending channel—a reasonable support level. The first right shoulder has already formed, and its drop was exactly the same as the left shoulder—both at -47%. However, the best-case scenario would be if it finds support at the upper boundary of the descending channel. Let's see if it can hold there. 🔴 Read my signature & publications for more info you don’t want to miss. 🔥  for more future "guesses" like this! 🔥 I've dropped an analysis for the 2025 altseason on the right hand side if you're using computer, and scroll down a bit to see the link if you're using mobile.
by Harold_123
Technical Analysis for Solana (SOL) Current Sentiment: Bearish #### 1-Hour Timeframe Analysis: Resistance Level: The price is currently facing strong resistance at the $200 mark, which has proven to be a significant barrier to upward movement. - Support Levels: Key support levels to watch are at $184 and $180. A breakdown below these points could trigger further sell-offs. Chart Pattern: A head-and-shoulders pattern has formed, indicating a potential reversal in price direction. This bearish pattern suggests that if the price breaks below the neckline, we could see a decline toward the support zone from around $155 to $160. #### 1-Day Timeframe Analysis: Longer-Term Outlook: The daily chart indicates that if the bearish momentum persists, the price may potentially retrace to the $135 to $140 range. Given its historical significance as a support zone, this level could serve as a strong buying opportunity. Volume Analysis: Monitoring volume can provide insights into the strength of the current bearish trend. Increasing volume on a downward move would confirm bearish sentiment, while lower volumes could indicate a weakening trend. #### Conclusion: The current price action in Solana suggests a bearish outlook, especially with the formation of the head and shoulders pattern on the hourly chart. If the price breaks through key support levels, notably $184 and $180, it could lead to a test of the $155 to $160 area, potentially a longer-term plunge to $135 to $140. Strategy: - Consider short positions below $184 with protective stops above $200. - Look for buy opportunities if the price reaches $135 to $160, ensuring risk management practices are in place. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always research and consult with a financial advisor before making trading decisions. Happy trading, everyone! If you find this analysis helpful, please follow, share, and like for more updates. Stay tuned!
by SRFXGlobal
SOL USDT💰 #Solana (SOL/USDT) Analysis Solana is currently approaching a major support zone around $120, which has historically acted as a strong level for price reversals. The current downtrend is likely a correction phase before a potential bullish recovery. 🔹 Key Observations: Support Level: The $120 zone is a critical area where buyers could step in. Bullish Recovery Expected: A bounce from this level could push SOL towards key resistance targets. Potential Double Bottom Formation: If price reacts positively, we might see a reversal pattern forming. 🔹 Entry Strategy: Primary Entry: Around $120 if price shows a bullish reaction. Breakout Entry: Consider adding if price breaks above $222 for confirmation of a trend shift. 🔹 Target Levels: T1: $222.90 Final Target: $316.01 📉 Risk Management: Stop-loss below $110 to limit downside risk. 🚀 SOL could see a significant bounce if buyers defend the $120 area! #Solana #Crypto #SOLUSDT #Trading 🚀
Long
by VIPROSE
Solana (SOL/USDT) Analysis: Solana (SOL/USDT) Analysis: 📊 Current Price: $140.87 (Down -12.13% in 24h) 🔍 Technical Analysis: 1. Short-Term Trend: - Significant price correction - Bearish short-term momentum - Testing critical support levels 2. Key Levels: - Support: $136.82 - Resistance: $161.61 - 24h Range: Low $136.82 - High $161.61 - All-Time High: $294.33 3. Market Indicators: - Market Cap: $69.77B - 24h Trading Volume: $8.63B - Circulating Supply: 495.29M - 1h Price Change: +2.61% - 7d Price Change: -18.66% 🎯 Trading Recommendations: - Strategy: Defensive, Wait-and-Watch - Potential Entry: $138 - $142 - Stop Loss: $135 - Take Profit: $155 ⚠️ Risk Management: - Reduce exposure during high volatility - Monitor memecoin ecosystem - Watch for trend reversal signals 🔮 Market Outlook: - Short-term bearish sentiment - Potential consolidation phase - Strong blockchain fundamentals 💡 Key Factors: - Recent price correction - Memecoin ecosystem activity - Network performance and scalability
Long
by cyscalpingvip
SOLUSDT: Preparing for a Breakout? Key Levels to Watch!Current Trend: #SOL is in a downtrend but is now testing a strong support zone, indicating a potential reversal. Technical Outlook: 🔹 Support Zone: $158(Strong demand area) 🔹 Resistance Level: $175 (Breakout confirmation level) 🔹 4H Timeframe Analysis: #SOL is currently making a correction, and a breakout above the resistance level could trigger a strong bullish move. Trading Plan: 🔹 Bullish Scenario: If #SOL breaks above the resistance, it could push toward new higher highs, targeting $270 and beyond. 🔹 Bearish Scenario: If it fails to break resistance, we may see another pullback to retest lower levels. Key Insights: 🔹 #SOL remains a strong project with the potential to break its ATH in the long run. 🔹 Waiting for a clean breakout ensures we enter with proper risk management. What’s Your View? Drop your thoughts in the comments! 🔹 Follow for More: Daily insights, trade setups, and market updates!
Long
by mudusir