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SOLUST trade ideas

SOL: The Beneficiary of the Memecoin Supercycle After the bankruptcy of FTX, its managers began selling off assets, including BINANCE:SOLUSDT . In April 2024, FTX held an auction where 1.8 million SOL were sold at prices ranging from $85 to $110 per token. These tokens were locked for four years. So, large buyers view COINBASE:SOLUSD Solana as a promising purchase at around $100 per token, with a four-year lockup. Do you think the current price is enough to satisfy the preferences of whales? I haven't seen the exact distribution of the volume accumulated by whales. And don’t forget who benefits from the memecoin supercycle More to come. Shaka 🤙
Long
by shakatrade1_618
SOLANA ATH is near Hello and greetings to all the crypto enthusiasts, ✌ In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for SOLANA, 📚💣 The trading volume I am currently observing for this stock in the market is unparalleled compared to other coins or equities. This exceptional volume alone sets the stage for a potential explosive price movement toward significantly higher targets. 📚💡 Analyzing the chart, we have a primary scenario that features a period of temporary range-bound candles, underpinned by Fibonacci-based support levels. This setup clearly delineates the anticipated price trajectory in a simplified manner. 📚🙌 Should the primary scenario not hold, the price is expected to rebound upward from a lower Fibonacci indicator support level. 📚🎇 In essence, these support zones can be likened to invisible springs, poised to propel the price upward upon contact, reinforcing the upward momentum and potentially driving significant gains. 📚✌ 🧨 Our team's main opinion is The exceptional trading volume in this stock suggests a potential explosive price surge, supported by Fibonacci levels that act like invisible springs, driving upward momentum. 🧨 Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
4
SOL thesis with RAG AI by Titan_KarmaThe current market conditions for Solana (SOL) present a compelling opportunity for short-term trading, particularly given the recent positive sentiment surrounding the cryptocurrency. With no open positions currently, traders should consider entering a LONG position if market indicators align favorably. The recent news highlights a bullish sentiment towards SOL, especially in conjunction with the rising interest in related cryptocurrencies like Ripple (XRP) and meme coins such as Cutoshi. This broader market enthusiasm could provide the necessary momentum for SOL to continue its upward trajectory. Financially, SOL is trading at $255.85 with a robust trading volume of approximately 3.87 million. The long-short ratio indicates a strong bullish sentiment, particularly in the 1d and 1h timeframes, where long positions significantly outnumber shorts. This trend suggests that traders are optimistic about SOL's price movement, reinforcing the potential for a profitable LONG position. However, it is crucial to remain vigilant for any signs of market reversal or increased short activity that could signal a shift in sentiment. From a technical analysis perspective, the indicators present a mixed outlook. The daily RSI is above 70, indicating overbought conditions, while the hourly RSI is around 52, suggesting a neutral stance. The Stochastic indicators also reflect overbought conditions, which may lead to a pullback. The price is currently positioned below the daily EMA20 and SMA20, indicating potential resistance at these levels. Traders should closely monitor price action around these resistance points and be prepared to adjust their strategies accordingly. Historically, SOL has demonstrated a significant upward trend, particularly from November 18 to November 22, where the price surged from approximately $242.51 to $260.13. This momentum, coupled with strong buying interest, suggests that entering a LONG position could be advantageous. However, caution is warranted due to the potential for pullbacks, and traders should implement appropriate stop-loss levels to manage risk effectively. In terms of market sentiment, real-time data indicates a generally positive outlook for SOL, with many traders expressing optimism about its future performance. This sentiment aligns with the technical indicators and historical price movements, further supporting the case for a LONG position. Additionally, monitoring upcoming economic events or news releases will be essential to anticipate any abrupt market reactions that could impact SOL's price. TRADE RECOMMENDATION json { "OUTCOME": "OPEN_LONG", "STOP_LOSS": "$250.00", "TAKE_PROFIT": "$265.00", "CONFIDENCE_LEVEL": "80%", "EXIT_POINT": "$260.00", "ENTRY_CRITERIA": { "TIMEFRAME": "1h", "RSI": "below 70", "MACD": "above 0, 1h" }, "CURRENT_OPEN_LONG_POSITIONS": 0, "CURRENT_OPEN_SHORT_POSITIONS": 0 }
Long
by titankarma
Solana hits new ATH of $264. Is $300 next?As Bitcoin surpasses the $99,000 mark, with a new all-time high of $99,314, Solana shares the momentum to hit a new ATH. With a 10% surge in the last 24 hours, the bull run in SOL price powers tailwinds for other altcoins.  In the weekly chart, the SOL price action showcases a descending triangle breakout rally, completing a cup and handle pattern. This pattern breakout with the neckline at the $249 mark has resulted in a new all-time high for Solana.  Currently, it is trading at $257, with a 24-hour high of $264. As the bullish trend continues, SOL price action is on the verge of completing the third consecutive bullish week.  As Solana is trading at uncharted levels, the underlying bullish momentum is teasing an uptrend continuation. Furthermore, with the broader market recovery at play and Bitcoin inching closer to the $100,000 mark, Solana is likely to hit the $300 mark.  What is more, MACD is also showing a strong bullish reading via positive crossover and a spike of bullish histograms. Based on the Fibonacci levels, the upside price target for Solana is at $602.92. This price coincides with the 1.272 Fibonacci level on the logarithmic chart and makes $300 a potentially easy target. On the flip side, a retest of the $250 breakout is possible if the buying pressure recedes. 
by paul_endeo
What is next for SOL?Hello everyone, CRYPTOCAP:SOL has been one of the best-performing altcoins up to today. According to the chart, what can we expect for CRYPTOCAP:SOL in the coming weeks? Firstly, CRYPTOCAP:SOL is forming two patterns: a double bottom and a descending triangle, with a potential target hitting the previous all-time high (ATH) at $260. After breaking the ATH, you can hold your CRYPTOCAP:SOL until $457-$521, which could become the new ATH this bull market. However, in a bull market, it's unpredictable, so if CRYPTOCAP:SOL trades successfully above $521, it could potentially make a historical run towards $3800-$4366. CRYPTOCAP:SOL is one of the altcoins that you should definitely keep in your wallet. The resistances on the way after the ATH are: $328 $393 $457 $521 as a final target Feel free to ask about anything. Have a nice day.
Long
by TANcrypt0
3
SOL → One step away from ATH. Will the maximum be updated?BINANCE:SOLUSDT is rallying and testing the high of 248.44, but what is remarkable is that the coin is not pulling back, but consolidating with the aim of reaching ATH or even updating it. The fundamental background of the coin is strengthening as an exchange-traded fund may emerge on the basis of Solana, most likely the issue will be discussed in 2025. There are only 2 ETFs approved so far, bitcoin and etherium. Technically, on W1 the bulls are trying to take control of the 243-244 area. Buyer's chances are quite promising, accordingly, if they manage to keep the defense above this zone, the coin has all chances to form a new all-time high. Resistance levels: 245.3, 248.5, 259.9 Support levels: 242.3, 234.3 The trigger zone is 245.3. A breakthrough and price consolidation above this zone may provoke aggressive buying with the purpose of growth continuation. It is possible that the price may form a correction, for example, to 242.3, 238, 234 before continuing its growth Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;) Regards R. Linda!
Long
by RLinda
1
#SOL bullish structure, cautious bearish📊#SOL bullish structure, cautious bearish⚠️ 🧠From a structural perspective, we broke through the weekly neckline, so the weekly bullish structure appeared, and we are likely to challenge the historical high. If we successfully break through the historical high, it means that the monthly bullish structure is established, which means that we will open up higher upside. ➡️However, the SOL spot we hold in the yellow support area will be reduced near the historical high resistance area, and we will look forward to more after locking in the main profits. Let's see👀 🤜If you like my analysis, please like💖 and share💬 💕 Follow me so you don't miss out on any signals and analyze 💯 KRAKEN:SOLUSDT
Long
by wolf_king888
SOL/USDT 1D trade idea Solana has been one of the best performing majors so far this Bullrun, and has had one of the best reactions to the recent sell off. The DAILY chart is an interesting one and clearly respects the range structure, currently the price has just rejected off the MIDPOINT and for me is an area of contention, there are some triggers i'd like to see and can take action on: - Accumulation below the Midpoint before a break above putting in higher highs and higher lows when above. The target would then be range high with the 0.75 line as first TP. - A new lower low and lower high on the LTF from now may signal a move lower, this could then find support at the 0.25 line which is also where the 1D 200EMA is and therefore good support.
by ProR35
7
Solana - 15 min Elliott Wave AnalysisGreetings, here is a 15 min update for Solana. We have hit the green Wave 2 support communicate in our last 15 min Elliott Wave Analysis for Solana and have seen a rally in green Wave 3 from it. The targets for the rally in green Wave 3 are at the 1 to 1 FIB at 260.05, the 1.236 FIB at 267.18 USD. the 1.38 FIB at 271.54 USD and the 1.618 FIB at 278.73 USD. If you want further upside targets and a more detailed analysis of them I recommend you reading our last 1H Elliott Wave Analysis! I'll link it below in the notes! :) Here we want to discuss the next key prices to see the rally extend. After green Wave 3 tops out we expect a pullback to the support area in green Wave 4 which sits between the 0.236 FIB at 252.28 USD and the 0.618 FIB at 240.94 USD. A break below the 0.618 FIB at 240.94 USD would indicate that blue Wave 3 and white Wave 5 are in and we started a bigger pullback in blue Wave 4. A break below 229.60 USD would be further confirmation. Be aware that the green Wave 4 support can morph and change if green Wave 3 extends to the upside and that if we break the ATH we will enter price discovery. Thanks for reading. NO FINANCIAL ADVICE.
by KanashimiBro
2
Solana - 1H Elliott Wave AnalysisGreetings, here is my update for the 1H timeframe of Solana! Our Wave 2 support area of last time got hit 3 times! Congrats to everybody who took a long trade there. We hit to the 0.382 FIB which is a shallow but valid retracement. Following this we have seen a rally into our communicated target area between the 0.618 FIB at 255.45 USD and the 0.786 FIB at 267.20 USD which we'll keep on the chart for now. Today, we added some further targets for the rally in green Wave 3 at the 1 to 1 FIB at 260.05, the 1.236 FIB at 267.18 USD. the 1.38 FIB at 271.54 USD and the 1.618 FIB at 278.73 USD. Noteworthy is that the 1 to 1 FIB at 260.05 USD is in confluence with the ATH which can function as further resistance. Noteworthy is that the 1.236 FIB at 267.18 USD is also in confluence with the 0.786 FIB of our target area from the last publication where we also mentioned "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 we are in an area where the blue Wave 3 can top which we expect to be followed by a blue Wave 4 retracement and that if we break the ATH we will enter price discovery. We wont call a top yet as a green Wave 4 and 5 are still possible but we will communicate some lower timeframe prices to pay attention to in our next 15 min Elliott Wave update. I'll post it here as a note. :) Thanks for reading. NO FINANCIAL ADVICE.
by KanashimiBro
Solana (SOL): Possible Buying Opportunity (Be Aware of EMAs)Solana seems to be forming new highs on 4-hour timeframe, where after a bigger volume push we have been haveing some kind of parabolical upward movement Currently we see a possibility of further expanstion to happen here but we never avoid a possibility of dowwnard movement to happen as well which would be beneficial for further movement to upper zones. So we have put a possible entry that would lead the price most likely to EMAs (100 and 200) for a quick re-test! Swallow Team
Long
by SwallowAcademy
1
TradeCityPro | Solana Ready to Rise or Follow BTC.D ?👋 Welcome to the TradeCityPro channel! Today, we’re diving into an analysis of the popular coin, Solana, reviewing past entry points, and scouting for new opportunities in the potential crypto bull run. 🟠 Bitcoin has hit a new high and maintained its dominance at 61.70%, effectively leading the market, Even if you missed opening long positions on BTC, there's good news—its dominance is on the rise, and the altcoin season might kick off soon! 🚀 Weekly Timeframe: Solana’s Stellar Performance Solana has been one of the market’s strongest performers, moving in sync with Bitcoin and outperforming many altcoins. Its market cap has even reached a new all-time high (ATH)! My personal entry point was at $27.67, followed by entries after breaking $47.88 and $124.59 on lower timeframes. If you’re in profit like me, consider: 1 - Withdrawing initial capital. 2 - Moving your holdings to DeFi platforms for added utility. New entries at this stage carry higher risk, as fewer confirmations are available. Wait for a break above $250.36 or even explore lower timeframes for better setups. We drew Fibonacci levels from $208.61, showing a correction around $124. Using Fibo extensions, potential targets are: $284 - $367 - $474 - $682 breakout above RSI 80.85, combined with increasing volume, could trigger these moves. 🌌 Daily Timeframe: Parabolic Growth Solana is forming a parabolic uptrend, with higher highs and higher lows. If the daily candle closes with strong volume, it could engulf previous candles, making it a great entry near $187 with a stop loss. After support at $162 was broken, two red candles were engulfed, confirming a fake breakout , Use this strategy on lower timeframes to enter positions aligned with the bullish trend. 🕒 4-Hour Timeframe Insights After breaking its daily range high at $185.34, Solana continued its rally, now at $244.57. stop-buy order was placed after breaking $221.75, supported by buyer momentum, and the position remains open , break above $246.29 will confirm our long position and momentum continuation. Avoid opening shorts under current conditions, Even in a 20% drop, I’ll focus on confirmations in lower timeframes to re-enter long positions. 💎 Solana/BTC Pair Insights Unlike most altcoins, which are at record lows against Bitcoin, Solana is holding steady. breakout above 0.0027030 BTC could spark a new rally, making it a prime candidate for entries. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
11
SOLANA - A Correction Might Be UnderwaySolana seems to have completed Wave 5 on Daily chart and is close to go in correction for a further push. Sustained break of above level will void this analysis. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
Short
by MarketsPOV
SOLUSDT Momentum Trade.Solana is one of my favourite altcoins. It's holding up well during this broader market sell-off. Weekly momentum is strong. Daily momentum is building, slight caution as this is choppy on the weekly. I will trade this with low leverage but without stops as I believe a big wick is possible. Alarms set to manually cut if sustained negative momentum continues after entry. Alternatively, wait for momentum to break above 163.80 on the daily and trade 4hr momentum shorter term. Remember, keep it simple!
Long
by SACT_CAPITAL
2