SOLUSDT Elliott Wave Analysis – Potential ScenariosMEXC:SOLUSDT
📌 Current Wave Structure:
We are currently in an impulsive upward move, which appears to be Wave (3).
The recent pullback can be interpreted as an ABC correction within Wave (4), reaching nearly the 88.7% retracement level.
📌 Potential Scenarios:
1️⃣ Short-Term: Further corrective movement downward (potential Fibonacci retracement of 38-50% for Wave (4)).
2️⃣ Mid-Term: A continuation of the upward move towards the $170-$175 target zone, marking the completion of Wave (5) and possibly the entire larger structure (C).
3️⃣ Long-Term: After Wave (5) concludes, a significant corrective move could follow.
⚠️ Key Levels to Watch:
🔹 Support: $140.30 / $133.45
🔹 Resistance: $146.49 / $170.41
📊 Conclusion:
If the correction plays out within the expected Fibonacci zones, this could present an attractive long setup for Wave (5). However, a larger corrective move might follow afterward.
What are your thoughts? Feel free to share your analysis and opinions! 📉📈
SOLUST trade ideas
Solana (SOL) Elliott Wave Analysis – Potential Roadmap for UpcomMEXC:SOLUSDT
Overview:
This analysis examines Solana’s current Elliott Wave structure. The chart suggests a potential correction (blue zone), followed by a strong upward impulse (Wave 3), and later a larger ABC corrective phase (red letters) before potentially resuming a bullish trend.
1. Short-Term Scenario (Blue Zone)
- Complex Correction: The price has recently undergone a multi-wave correction and is approaching a potential buying zone.
- Fibonacci Levels: Zones around 61.8% and 78.6% may act as support levels where the correction could end.
- Entry Opportunity: If the price tests these levels and shows signs of forming a base, this could be a favorable entry point.
2. Next Upward Impulse (Wave 3)
- Strong Move: Once the correction concludes, an impulsive upward movement (Wave 3) could kick off, typically the most dynamic leg in an Elliott Wave cycle.
- Target Area: The highlighted yellow zone in the chart indicates a key resistance level that the market could aim to hit.
3. Mid-Term ABC Correction (Red Waves)
- After the Impulse: Once the impulsive upward move (Wave 5) completes, a larger ABC corrective phase is expected (denoted by red letters).
- Retracement Levels: Fibonacci retracement levels around 50% or 61.8% may serve as critical support zones during this correction.
4. Long-Term Perspective
- Renewed Bullish Trend: Following the completion of the ABC correction, there is the potential for Solana to resume its bullish trajectory.
- Target Zone: The green area in the upper section of the chart represents a possible long-term resistance or target level where a significant market decision could take place.
Conclusion:
- Short-Term: A correction toward the blue zone is possible, which may offer a good entry opportunity if support holds.
- Mid-Term: A robust upward impulse toward the yellow resistance is anticipated, likely followed by a larger ABC correction.
- Long-Term: Once the correction completes, Solana could resume an upward trend, setting the stage for a new bullish phase.
- Disclaimer: This analysis is for educational purposes only and should not be considered financial or investment advice. Always practice proper risk management when trading.
SOL/USDT Trade 3SOL/USDT
Asset has an ascending triangle on 4 hour , successfully broke out of it , hoping for pullback to previous resistance for entry for long position. Stoploss under previous resistance which I am hoping will become support. Target at recent swing high.
Entry – 135.96
Stoploss – 129.86 (-4.5%)
Take Profit – 179.7 (32.1%)
RR: 7.2
Strong Reasons Why Solana will Rise Above $140 LevelSolana (SOL) is currently trading around $140, showing an upward trend since October 2023. Analysts predict that the next key target price for SOL is around $294. Several factors within the Solana network, along with broader crypto market trends, are driving this recovery.
On March 24, SOL gained 8.5%, briefly surpassing $142. This price increase aligned with a general market rally, as traders became more optimistic about economic conditions. Memecoins also surged, with some gaining over 12% since March 23, showing a growing risk appetite among investors.
Apart from market-wide movements, Solana has unique strengths fueling its rise. One major factor is increased activity on its blockchain. Additionally, former U.S. President Donald Trump's involvement in the memecoin market has sparked further interest. Moreover, anticipation of a spot Solana exchange-traded fund (ETF) has attracted top traders, suggesting SOL could see more gains ahead.
Despite this, SOL has underperformed compared to the overall crypto market by 23.7% over the past two months. One reason is the sharp decline in network fees, which dropped by 93% in that period. This decrease started when traders lost interest in memecoins, but it later spread across Solana's decentralized applications (DApps).
Currently, SOL is still 52% below its all-time high of $295. However, many traders believe the selloff might have been excessive. Solana remains the second-largest blockchain in terms of total value locked (TVL) and ranks third in on-chain transaction volumes. In comparison, Binance Coin (BNB) is down 20% from its peak, and XRP is 28% below its all-time high.
Solana’s competitors, such as Tron and BNB Chain, also have strong on-chain activity. However, Solana’s smart contract deposits are valued at $6.8 billion, making it one of the leading networks. In contrast, BNB Chain holds 21% less TVL, with $5.4 billion. Solana’s key projects, such as Jito (a liquid staking solution), Kamino (a lending and liquidity platform), and Jupiter (a decentralized exchange), continue to support network activity.
Another positive sign is the increase in Solana’s transaction fees. The network now generates more than $1 million in daily fees, surpassing Ethereum’s base layer. Recently, Solana’s revenue hit its highest level in two weeks, suggesting the market downturn might have bottomed out.
Ethereum, by comparison, collected under $350,000 in fees on March 23. As a result, its supply increased because its burn mechanism could not offset weak blockchain activity. Meanwhile, Solana offers a 7.7% native staking reward, outpacing its 5.1% inflation rate, making it attractive to long-term holders.
Another driver of SOL’s recent momentum is speculation about a Solana ETF. The U.S. Securities and Exchange Commission (SEC) is expected to decide on this by the end of the year. If approved, a spot Solana ETF could legitimize the asset, especially among institutional investors.
Additionally, a recent social media post by Donald Trump mentioning the TRUMP memecoin sparked a wave of excitement. In response, several Solana-based memecoins saw double-digit gains, including Fartcoin (up 15%), Dogwifhat (up 12%), and Pudgy Penguins (up 12%).
Overall, SOL’s price outlook remains promising, supported by strong network activity, rising fees, and bullish sentiment from top traders.
SOL/USDT: UPDATE SIGNALHello friends
You can see that after the price fell in the specified support area, buyers came in and supported the price and made a higher ceiling.
Now we can buy at the specified levels with capital and risk management and move with it to the specified targets.
*Trade safely with us*
Solana Elliott Wave Analysis – Last Low Before Reversal?MEXC:SOLUSDT
We are currently in a downtrend, looking for one final low before a counter-move takes place. In my chart, we are in a blue (4) to blue (5) wave. Within this wave count, I am now looking for an ABC structure, which will lead us to the blue (5) wave.
At the moment, we are in the yellow A-B-C wave, approaching the end of yellow C, which is expected to top out around 148 USDT. After that, I anticipate a red A-B-C correction, bringing us first to 129 USDT, before a possible move up to red C at 170 USDT.
🚨 Key Levels & Indicators:
If the price reverses at 170 USDT, I would consider the green wave count active.
However, if we break above the white line at 180 USDT, the bearish trend is invalid, and bulls take control.
A short-term pullback is expected between 147–148 USDT (max. 149 USDT) – there might be small overshoots, so don't set stop-loss too tight.
RSI is currently overextended, sitting around 75, which indicates the market is heavily overbought.
The MACD is also showing a potential reversal point, further supporting the idea of an upcoming correction.
Overall, we are in a very overbought market, and signs of a reversal are building up. I'll be watching closely to see if the market is still acting bearish – stay sharp and trade safely! 🚀
Solana Elliott Wave Analysis – Last Move Before Trend Reversal?We are currently in the final phase of wave 4 to 5, forming an A-B-C corrective structure. Based on this, we could see another turquoise A-B-C wave, which might develop into an impulsive 1-2-3-4-5 setup.
If this setup plays out, I expect a potential trend reversal. The target zone around 107 USDT could be strongly breached to the downside due to high trading volume in this area. Caution is advised!
Alternative Scenario: There is also a red scenario, in which our red (1-2-3-4-5) formation, leading into a smaler (1-2-3-4-5) structure, which could also take us to the 107 USDT target zone.
Good luck with your trades! 🚀
Nothing !!!Currently, SOL is forming an ascending triangle, indicating a potential price increase. It is anticipated that the price could rise, aligning with the projected price movement (AB=CD).
However, it is crucial to wait for the triangle to break before taking any action.
Give me some energy !!
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Best regards CobraVanguard.💚
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SOLUSDT NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
solonaAnalysis:
The price has shown significant volatility, with a notable peak at 258.62 USDT.
The projected high of 392.77 USDT by mid-2025 suggests a bullish long-term outlook.
The immediate resistance at 157.93 USDT is a key level to watch for potential breakouts.
Support at 128.98 USDT is crucial; a break below this level could see the price testing lower supports at 90.22 USDT and 50.00 USDT.
Recommendations:
For Traders: Consider buying near support levels (128.98 USDT and 90.22 USDT) and selling near resistance levels (157.93 USDT and 249.70 USDT).
For Long-term Investors: The projected high of 392.77 USDT indicates potential for significant growth, making it a candidate for long-term holding.
This analysis is based on the currently available information and data. It should be supplemented with additional technical and fundamental analysis for more accurate trading decisions."
solana trade setup 15min chart* if you are trading on market orders need to set limit order *
i say this because last week it has going all directions and playing with strict levels are important
just spotted a triangle forming which could be drying up in volume as of recording this chart setup it saturday where major market remains closed the volume and volatility will be low
buy area 126-126.50 target 130.5 to 131 sl 124.70-50
triangle is trap for liquidation be careful !!
SOLANA'S ASCENDING TRIANGLESolana is forming a textbook ascending triangle on the 4-hour chart, which is generally considered a bullish pattern. Ascending triangles are characterized by higher lows (signaling increasing buying pressure) and a flat resistance line at the top – in this case, around $136.
The structure indicates that buyers are stepping in at progressively higher levels, tightening the price action into a wedge. If Solana breaks out above the flat top with volume, the measured move target would be calculated by taking the height of the triangle and adding it to the breakout point – which could easily send Solana toward $160 or higher.
However, the 50 MA (blue line) is acting as resistance right now, which means bulls need to reclaim that level first to build momentum. A breakdown below the rising trendline would invalidate the bullish setup and could lead to a retest of the $120 zone. For now, the structure remains intact, but a decisive move is coming soon.
Price can break support and still remain a technical ascending triangle - as long as we continue to see higher lows.
Traders generally wait for a break of the flat resistance on top, so keep this one marked.