SOLANA - WILL $120 HOLD?I have been quietly monitoring the $120 zone and this time what's different is we did not get a huge bounce of it once we tagged it.
Now, with the reduced activity on the meme side {Casino}, if $120 fails to hold strong i wouldn't be surprised to see Solana test $100 or even worse under $100
SOLUST trade ideas
SOL/USDT Perpetual Futures
📍 Timeframe: 4H (MEXC Exchange)
📈 Current Price: $133.02 (+0.57%)
Key Technical Insights:
Trending Resistance Breakout Zone:
The price is approaching a key downtrend resistance (red trendline).
A break and close above this resistance could push SOL towards $148–$150 (gray supply zone).
Two Possible Scenarios:
Bullish Breakout:
A breakout above the resistance trendline could lead to a test of the $148–$150 supply zone.
If demand is strong, further upside toward $160+ could follow.
Bearish Rejection:
A rejection at the trendline could trigger a pullback to the curved support (blue line).
A deeper breakdown may test the $110–$115 demand zone (highlighted with a black box).
Rounded Bottom Formation:
The price structure is forming a curved support indicating accumulation.
If buyers sustain momentum, a breakout could be confirmed with strong volume.
Trading Strategy:
Bullish Case: Enter long positions above $136 with confirmation, targeting $148–$150.
Bearish Case: Enter short positions if rejection occurs at $135, targeting $125 or lower.
Risk Management: A stop loss below $128 for long trades and above $136 for short trades.
1 Year "OLD" accumulated SOL VS "NEW" Pre 04.NOV.2024 OnwardsNEW SOL Move?
Sweet spot to be for long term investor - depending how long plan is to "park". 6 Months - OK?
If No pandemics, wars etc, "good" usual Q4 - great place to be while checking on situation in Moonvember / December 2025. Ideal time to harvest.
SOL buy/long setup (4H)In the hourly timeframes, bullish signals are visible on the Solana chart.
The trigger line has been broken. Bullish (ICH) is present on the chart. Higher lows (L) are forming.
We are looking for buy/long positions in the demand zone.
A 4-hour candle close below the invalidation level will invalidate this analysis
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
#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.
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! 📉📈
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.
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! 🚀
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.
Solana’s Cup-and-Handle Setup: A Bullish Trap or Opportunity?Recent analysis suggests Solana (SOL) is forming a large cup-and-handle pattern, with a potential false breakout on the fifth wave before a flash crash in mid to late April. Some traders believe this correction could set the stage for a stronger breakout on the seventh wave, possibly pushing SOL past its current pattern high and toward the upper boundary of a broadening wedge formation. Despite short-term volatility, this multi-year structure supports a long-term bullish outlook.
In the near term, market structure remains uncertain, with SOL facing downward pressure despite bouncing from $120. While this level has historically been strong support, the depth of the correction and multiple broken levels suggest caution. Analysts remain divided on the next move—some expect consolidation between $120 and $180, while others warn of a potential drop to $80 if market conditions worsen. Monitoring key support and resistance levels will be crucial for traders navigating the next phase.
Solana (SOL): Possible Quick Liquidity Grab To 200EMAWe are seeing some bullish volume to build near the local support zone where we might see similar movement like we did on the 2nd of March on the SOL coin.
We are waiting here for our entry (where we should see a break of structure) to form, which then would give us a good upward movement of 8% to catch!
Swallow Team
SOL/USDT BIG PUSH DOWN....ELITE ZONE RETURN?The price made a bigg fall...but since the price usually doesn't just fall and keep falling but makes retracements there is a possibility for the price to actually return to the middle zone where it could then bounce and continute the fall...but overall it is very close to the bottom so it could first then bounce from the bottom zone and than make a return. Dont forget the return can be all the way to the zone OR...just a 50%retracement...so be carefull.
SOL/USDT 1H: Bullish Trend Holding – Can $137 Be Reached?SOL/USDT 1H: Bullish Trend Holding – Can $137 Be Reached?
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Current Market Conditions (Confidence: 8/10):
Price at $134.34, confirming strong momentum and trend continuation.
RSI at 72, indicating overbought conditions, but trend remains strong.
Hidden bullish divergence observed on the recent pullback, signaling further upside.
Market Makers completed accumulation in the $126 - $128 zone, now shifting toward markup.
LONG Trade Setup:
Entry: $133.50 - $134.00 zone.
Targets:
T1: $136.00 (first resistance).
T2: $137.00 (next liquidity zone).
Stop Loss: $131.20 (below recent support).
Risk Score:
7/10 – Favorable setup, but overbought RSI suggests potential pullbacks.
Market Maker Activity:
A
ccumulation phase completed, transitioning into a distribution phase.
Clean break above $133.00 confirms institutional interest and trend continuation.
Higher low formation with increasing volume, supporting further bullish momentum.
Strong support established at $131.20, reinforcing the uptrend.
Recommendation:
Long positions remain favorable within the $133.50 - $134.00 entry range.
Scaling in on pullbacks to $133.50 is recommended to optimize entry.
Monitor price reaction at $136.00, as this level may see short-term resistance.
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