Sol short ideaSOL reached previous ATH and strong resistance. it will pull back over 10% - 15%. Rissing wedge pattern detected. good luck your trade
SOLUSDT trade ideas
SOLUSDTI’m considering a potential purchase of Solana on a spot wallet from an area of interest on a smaller timeframe, where an accumulation phase is occurring. After that, I expect a short-term price decrease from the 153-156 level towards the liquidity at the swing low. Then, from the area of interest on the 12-hour timeframe and the order block on the 4-hour timeframe, I anticipate further price increase toward targets like the OTE level and unfilled imbalances.
$SOL Weekly RSI Hits 70: A Bullish Signal?CRYPTOCAP:SOL Weekly RSI Hits 70: A Bullish Signal? 🚀
Solana's weekly RSI has reached 70 for the first time since November 2023. Historically, every time the RSI touched this level, it marked the beginning of a bullrun that lasted for several months.
What This Means:
#Bullish Momentum: RSI at 70 indicates strong upward momentum and growing buyer interest.
Historical Pattern: Past runs suggest this rally could continue well into March 2025, aligning with market cycles and ecosystem growth.
Key Takeaways:
#Solana's fundamentals, combined with this technical indicator, point to sustained growth ahead. While short-term volatility is expected, long-term holders may see significant gains.
Solana OI nears $5 million. Is new ATH on a horizon? Solana’s price rally has brought it close to forming a new all-time high, stirring optimism among traders and investors. The altcoin’s upward momentum reflects heightened market activity, but challenges remain as Solana struggles to breach critical resistance levels.
Solana traders exhibit strong optimism, with the asset’s Futures Open Interest (OI) reaching a record $4.7 billion. This surge highlights increasing confidence among traders as they pour significant capital into SOL amid its ongoing rally. With OI nearing $5 billion, Solana is experiencing a notable rise in market participation, reflecting heightened anticipation for further gains.
However, this growing OI highlights a divergence between expectations and current price movement. While traders are heavily investing, Solana’s price has yet to break past critical resistance levels. This contrast between open interest and price action raises questions about whether the bullish momentum can sustain itself or lead to a correction.
From a technical perspective, Solana’s Relative Strength Index (RSI) indicates overbought conditions, sitting well above the neutral range. Also, Solana’s macro momentum remains strong, driven by broader market cues and increased adoption. These factors contribute to the asset’s resilience, but the overbought conditions warrant caution. Investors will need to monitor whether Solana can maintain its upward trajectory or succumb to market pressures.
However, mixed signals from market sentiment and technical indicators suggest potential difficulties in overcoming $245. A failure to break through could send Solana down to $221 or lower, testing investor confidence.
Solana expects a continuation of the correction. My view I do not share the opinion of many analysts that there has been a market reversal and a bull market has begun.
My analysis is based on Elliott's Law and I believe that the solana is in the final stage of the formation of wave B and the final stage of correction, i.e. the formation of wave C, is expected.
With this in mind, at $142 I will open a short position until the price reaches $3.50 per solan, from this price point I expect the start of a bullish trend.
This is only my prediction for this tool and how I will act in the market, and therefore is not the truth in the last instance
SOL & Memes | Is Solana season here ?From Weekend Hero to Market King
Sol szn is here ? YESS, We are 70% up since our last analysis and recent data strongly suggests we might be entering the early days of SOL mania, Here’s why
1.SOL Outperformed BTC and ETH This Weekend: Solana delivered significantly better returns compared to Bitcoin and Ethereum over the weekend. don't let me compare it with Eth cuz it will break Eth holders Soul
2.Market Cap Milestone: Solana's total market capitalization hit an all time high earlier today, now making up 3.53% of the entire cryptocurrency market with a valuation of $114.3 billion.
3.Dominating Daily Net Inflows: As of now, SOL tops the leaderboard for daily net inflows.
4.Revenue Growth: Last week, Solana’s Real Economic Value (the revenue it generates) doubled its previous all-time high.
5.Meme coins often choose the Solana blockchain for a variety of reasons, primarily due to its unique technical advantages and its growing ecosystem. Here’s why: Low Transaction Costs, High Throughput and Scalability, Fast Transaction Speed, Strong Community and Ecosystem,Developer-Friendly Environment, Early Mover Advantage...
6.Weekend Trading Volumes: Between Saturday and Sunday night, SOL trading volumes surpassed those of all major altcoins.
All of this recent movement is huge for two specific groups of people:
-My wife, who has been worried sick since I told her I invested 100% of my life savings in Solana!
-Our followers, who got worded up on SOL around this time last year and load the dip at 20$
But will these trends hold, especially after ETH and BTC ETFs wrap up their first trading day of the week? Probably not but it’s worth noting how impressive this is, given Ethereum’s market cap is 3.3x larger than Solana’s, and Bitcoin’s is a staggering 16x bigger!
As you can see Sol ready for correction and pullback then it gets ready for Sol Mania
Solana - 1H Elliott Wave AnalysisGreetings, this is my newest update and count for Solana :)
Recently we broke out in an Elliott Wave Triangle which finished the white Wave 4 and we started working on the white Wave 5. I count the breakout as the green Wave 1 and currently we are working on the green Wave 2 in an ABC where we finished the red Waves A and B already.
The blue Wave 2 Support sits between the 0.382 FIB at 230.78 USD and the 0.786 FIB at 218.57 USD.
As the red Wave A nd B are in we can calculate the optimal target area for red Wave C.
The red Wave C optimally terminates between 227.38 USD and 221.41 USD.
The target area for C is showed as a box within the blue Wave 2 support.
Noteworthy is that the optimal target of Wave C is in confluence wit the golden pocket of the blue Wave 2. A rare target for the red Wave C would be the 2.618 extension at 215.59 USD marked dark red here right below the triangle trend line but this would break our blue Wave 2 support and shift probabilities to that we already topped out in the white Wave 5 and started a pullback.
We added an additional target area between the 0.618 FIB at 255.45 USD and the 0.786 FIB at 267.20 USD to look out for if we move higher.
Noteworthy is that the ATH is within that target area and this ATH could serve as resistance.
The 0.786 FIB at 267.20 USD is also in confluence with higher timeframe FIBS at 268.91 USD and at 265.89 USD.
Be aware that if we break the ATH we will enter price discovery.
Thanks for reading.
NO FINANCIAL ADVICE.
SOL P.Futures out lookI see sol down to pump on a short term and rally with in a day or two and break out from weekly resistance
Solana has given long term horizontal channel breakoutSolana has given 9 month horizontal channel breakout, a huge upward rally can be expected for a long term investment, TP1 is at 253 and TP2 at 311 USDT
Solana Moonsol has a ton of activity, as long as it isnt only garbage then theres a chance this shows some real potential.
Solana - 4H Elliott Wave AnalysisGreetings, my primary case is that we are in an Elliott Wave Triangle which would finish white Wave 4 and start white Wave 5 which I discuss more detailed in my last analysis. This here is my secondary or back-up scenario.
If we break down from the triangle I assume we get a deeper Wave 4. The support is between the 0.236 FIB at 200.34 USD and the 0.5 FIB at 172.52 USD. The optimal Wave 4 target is usually the 0.382 FIB at 184.95 USD here.
An alternative Scenario is that the white (1,2,3,4,5) move up is already finished and this is just the Wave 1 of a bigger impulsive move up. In this case we would look for a Wave 2 pull back. The support of Wave 2 is between the 0.382 FIB at 198.45 and the 0.786 FIB at 170.14.
As we see the support area of Wave 4 and the alternative Wave 2 overlap.
Noteworthy is that Wave 2's 0.382 FIB at 198.45 USD is close to the Wave 4's 0.236 FIB at 200.34 USD which additionally are right below previous lows which gives them also structural support. If this leads to a bounce we will have to watch if we get a 5 wave move up which would imply that white Wave 4 is finished or only 3 waves up which could mean that we're getting a bigger correction.
The golden pocket of Wave 2 is at 181.91 USD to 178.97 USD which is right below the optimal target of Wave 4 at the 0.382 FIB at 184.95 USD which could be a good area of support. If the price drops below 160 in either case we'll have to assume that something more bearish is going on.
Thanks for reading.
NO FINANCIAL ADVICE.
SolusdtSolana finally showing sing of life after a boring price action . It’s moving against the market now despite most alts being red , sol is on green no reason why it would get rejected at 250 . I think we will see new all time high for Solana next week
SUI looks like it will do what SOL did to ETHSUI looks like it will do what SOL did to ETH. Although I think SOL
I'm still very bullish on SOL, I just think SUI out performs by 150%-200%
Solana, the best and the worse casesToward November 2023 #Solana exploded from ~$20 all the way to ~$210 in March 2024
Using simple Fib #retracement we should have come back to about $115 ... and we did, on August 2024
So we are now in a bullish descending triangle.
Best case :
Green line, we keep going up over the next 2 or 3 weeks and break out past $170 in the middle of next month.
There is a strong area of #resistance around $165 so breaking past that would be quite #bullish.
Likely case :
Blue line, we keep going up over the next 2 weeks and we bounce back at the area of resistance, ~$165 and we go back down to the support around $130 and we then go back up to eventually breakout sometimes next year.
Worse case :
Red line, again, we keep going up over the next 2 weeks and we bounce back at the area of resistance, ~$165 and we go back down ... but we break past $130 and we go back down to $120, (0.5 fib retracement).
Plan
Enter: Now
SL: $129
Target: anything past $500 (remember this is weekly chart, not 5 minutes)
Look out for trend reversal around $162 ... and close your trade if we break trend as it would be the likely case.
Note that FTX will be refunding some/all of the holders toward the beginning of October, but they will be refunded in US Dollar, so they are very likely to use their money to buy back Crypto, (they were traders afterall and they are well aware of the upcoming bull market).
SOL ideaLooks like Solana is retesting the $200 area, let's see if bounces up, or it punches through it.
What is your opinion?
Solana pump to continue after correctionWe're in wave 4 correction with expected price support around the golden pocket (fib 0.5 - 0
618)
Solana TopSolana was very bullish until it broke the 220 area. Now i'm short. This might be the solana top.
SOL Eyes $212 Resistance: Will the Bullish Momentum Sustain?🔍 In the latest analysis of BINANCE:SOLUSDT , key support and resistance levels are highlighted, revealing a tight battle in the market. With support around $202.49 and resistance near $212.75, traders are encouraged to monitor potential movements closely.
The 1-hour chart indicates a consolidative pattern, suggesting short-term price fluctuations. The analysis discusses the subtle bearish pressure from moving averages and the mixed signals from technical indicators, including the MACD and RSI.
For those considering trading strategies, entry points near $202.49 may offer a favorable risk-to-reward ratio, while resistance levels present potential exit points.
SOL Long Move#SOL is expected to reach #250 after a confirmed break out from it's bullish triangular pattern. #sol made a new all time high at the $215 price level and is challenging a possible break above $207 resistance level.. weekly close is in less than 2hrs, its very important to wait for the close of both daily and weekly candle for further details of its next direction..
Inverse H&SBroke the neckline on 20th of october on greater relative volume and has been retesting the neckline as support (or close to) on greater volume a few times since!
Looking back in history we are statistically entering the most bullish week of the year... how will the statistics look this time?
IMO this horse is now trotting... ready to hit the gallops! Im leaning bullish... looking at the chart pattern it is telling the tale of re-accumulation
Bullcase:
Inverse Head & Shoulder pattern formed with relatively decreasing volume on each low (shoulders & head)
Broke the neckline on relatively greater volume, confirming the pattern
Target: $210
Bearcase:
Pattern is invalidated if neckline is broken to the downside on relatively greater volume and retests the neckline as resistance getting ready to break down further.
Target: $125
Here I buy Solana at $210Here I buy Solana at $210
There's still something here, if you know what I mean.
SOLANA CHAIN
Now I'm buying Solana aggressively with market orders right now.
Starting from $210
Sell orders all getting filled
I'm also quite interested in Solana, hence, the market will also be interested in Solana cause the market knows I am narcissistc so everything must happen the way I want.
So Solana is experiencing the major supply shock through me here right now.
I wanna see what the experts are going to say about this event. I'm sure they are going to find an excuse to back this up.
They are blind too busy watching and talking about the others and don't see that something big is happening to SOLANA here now before their eyes.
I understand that there's some noises and I'm not too blind to know
all the noises you keep inside you.
Even though you might not show
But if you're wrong and keep banging your head against the wall, then it's just a shame on you.
Cause I'll be the reason for your pain when everything comes true.
CRYPTOCAP:SOL #SOL
SOLU/USDTPLEASE TRADE AT YOUR OWN RISK reason 15 min ob respect with 4 hour zone and for upper lqd zone tare at your own risk
SOLANA (SOL) Soars: Targets in Sight on 1-Hour Timeframe!SOLANA (SOL) Technical Analysis Summary:
Solana has gained solid upward momentum on the 1-hour chart, with TP1 (178.59) already achieved and remaining targets within reach. The entry at 169.59 appears well-positioned as Solana rides high on increased user interest, now exceeding 123 million users, bolstered by the recent memecoin trend.
The Risological Dotted Trendline shows strong support, indicating this upward trajectory has the potential to push further toward the following target levels:
TP2: 193.16
TP3: 207.73
TP4: 216.73
Market Insight: With Solana's ecosystem expanding rapidly and user numbers skyrocketing, this rally demonstrates sustained interest and momentum, especially in the face of memecoin-driven volume increases.
As excitement builds, watch for Solana to potentially achieve higher highs, breaking past each target level. Keep an eye on trendline support and overall market sentiment for cues on sustaining this rally.
