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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! 🚀
Short
by ElliotXSolana
7
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."
by famousFinance54964
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.
Long
by ScottMelker
1
SOLUSDT – Smart Money’s Next Big Move! | Brealdown or Reversal?📉 SOLUSDT is at a key decision point, currently testing a major support level at $112-$115. Based on Smart Money Concepts (SMC), Market Maker Cycle (MMC), and Manipulative Thinking, let's break down what could happen next. 📌 Market Structure & Pattern Analysis 🔹 Pattern Identified: Right-Angled Ascending Broadening Wedge Flat Lower Trendline (Support at $112). Ascending Upper Trendline (Expanding Highs, last peak at $295). This pattern signifies increasing volatility and market indecision, leading to a strong breakout or breakdown. 🔹 Current Market Structure: The overall trend is bearish with a series of lower highs and lower lows since the $295 high. Price is now at a critical support level ($112-$115), which has held multiple times. 🔹 What Happens Next? If the price holds this level and reverses → Bullish breakout. If price breaks down → Bearish continuation toward lower liquidity levels. 🔎 Smart Money Concepts (SMC) Perspective 1️⃣ Liquidity Zones & Order Blocks Bullish Order Block (Demand Zone): $112 (Currently Testing) Bearish Order Block (Supply Zone): $134 - $136 (Next Resistance) Liquidity Pool Below Support: $100-$105 (If support fails) 2️⃣ Liquidity Manipulation by Smart Money Retail traders see $112 as strong support. Market Makers may push price slightly below this level to trigger stop-losses before reversal. Fakeouts likely: If price sweeps below $112 and recovers above $115, this confirms a liquidity grab for a potential bullish reversal. Conversely, if price breaks $112 with strong bearish volume, expect a drop toward $100-$105. 📊 Market Maker Cycle (MMC) Perspective 📌 Market Makers Control the Trend – Here’s What to Expect: 🔹 Current Phase: Accumulation or Redistribution? Price is consolidating near $112-$115, a critical level. If this is Accumulation, market makers will push price below $112 to trigger retail sell-offs, then reclaim the level for a bullish move. If this is Redistribution, price will break below $112 and continue downward toward $100-$105. 🔹 Signs of Market Maker Activity ✅ Bullish Clues: Fakeout below $112 followed by a quick reclaim above $115 with strong volume. ❌ Bearish Clues: A clean break below $112, retest as resistance, and rejection. 🔥 Trading Plan & Targets 🔹 Bullish Scenario (Breakout from Support) Entry: Long position on strong bounce from $112-$115 with confirmation candle. (High Probibality) First Target: $125 Second Target: $134-$136 (Key resistance & supply zone) Final Target: $175-$180 (If breakout continues) 🔻 Bearish Scenario (Breakdown Below $112) Entry: Short position if price breaks below $112 and retests it as resistance. First Target: $109-110 Second Target: $96-98 (Major demand zone) Final Target: $85 (Next liquidity pool) 📢 Final Thoughts ⚠️ A Big Move is Coming – Be Ready! 🔹 Smart Money is watching this $112-$115 level closely. 🔹 A liquidity sweep below $112 followed by a bullish reclaim = Long Setup. 🔹 A clean break and rejection from $112 means Market Makers are pushing lower. 🚨 Risk Management: Always use stop-loss and proper risk-to-reward ratios. This is not financial advice—trade responsibly and manage your risk effectively. 📊 Follow for more setups! 📊 Are you trading with the Smart Money or getting trapped by it? 🚀 Let me know your thoughts in the comments! 🔥
Long
by CmpCryptoInsights
SOLUSDT | Elliott Wave Projection – Next big Move Incoming 50%+BINANCE:SOLUSDT The chart is probably currently developing a five-wave impulsive structure (1)-(2)-(3)-(4)-(5), suggesting a potential bullish movement towards the 174-175 USD resistance zone before a larger correction unfolds. 📈 Bullish Setup: - A corrective A-B-C structure seems complete, with a potential impulsive wave (1)-(5) forming. - Price is reacting at a strong demand zone, initiating Wave (1) upwards. - Possible target for Wave (5) lies near **174-175 USD**. 📉 Bearish Continuation Afterwards - After reaching the projected high, expect a sharp rejection and reversal. - The final bearish target lies within the "End of Bear" zone (~108-109 USD). --- ### 🔹 Key Levels to Watch: ✅ First Bullish Target: ~174-175 USD ⚠️ Critical Support Zone: 108-109 USD --- ### 📌 **Trading Plan:** 1️⃣ Long Opportunity: If price respects the current support, target Wave (3)-(5) completion near 174 USD. 2️⃣ Short Confirmation: If price rejects at resistance, a larger bearish wave is expected. 3️⃣ Final Bear Target: 108-109 USD zone for possible long-term support. 🚨 Risk Management: - Stop-loss below 111 USD for longs. - Wait for confirmation before shorting after rejection. 💬 What do you think? Will SOL hit 175 USD before the final drop? Comment below!
Long
by ElliotXSolana
SOLANA Monthly Time-frame Equilibrium before Expansion?Hello traders, in today’s analysis we are going to discuss Solana on the monthly timeframe. Solana is approaching a key area of support where multiple technical factors align. This level could provide a strong base for a potential swing trade setup, targeting a move back toward the previous highs. If buyers step in and defend this zone, it may confirm a broader range formation on the high timeframe. Key Points: • Price is approaching a key support zone with strong technical confluence. • Confluence includes the value area low, high timeframe support, 0.618 Fibonacci, and key swing lows. • A hold at this level on a monthly closing basis could trigger a swing trade back towards the all-time high. Solana’s price action is currently testing a critical support area that could define the next major move. If this level holds, it increases the probability of a rotation back toward previous highs, forming a potential high timeframe range. Since this is a monthly analysis, patience is required, as each candle represents a full month. While price can take time to develop, as long as support holds, the structure favors a move higher in the long run.
Long
by AzizKhanZamani
#SOL: Capitalizing on High-Speed DeFi & NFTs Description: This trading idea focuses on SOL, the native cryptocurrency of Solana, a high-performance blockchain known for its speed, low transaction costs, and scalability. SOL powers a rapidly growing ecosystem of DeFi applications, NFT marketplaces, and Web3 innovations. With its ability to process thousands of transactions per second, Solana has positioned itself as a strong competitor to Ethereum, attracting developers and institutional interest. The network’s continuous expansion in gaming, decentralized applications, and tokenized assets further strengthens SOL as a key player in the crypto space. Despite its strong fundamentals, it’s crucial to acknowledge that SOL, like all cryptocurrencies, remains highly volatile and subject to external influences such as market sentiment, regulatory developments, and macroeconomic trends. Investors should carefully assess the risks before entering any position. Disclaimer: This trading idea is provided for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like SOL involves significant risk, including the possibility of losing your entire investment. Always conduct thorough research, assess your financial situation, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
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! 📉📈
Long
by ElliotXSolana
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.
Long
by SupertradeOfficial