SOL 190-200 to watchI'm watching Solana pulling back to the green box at around 190-200. Acceptance there and will look for longs.
Enjoy your weekend fam!
SOLUST trade ideas
Solana Price OutlookAccording to the chart provided, the price of Solana (SOL) is currently in a range close to the resistance of $231.97. If this level remains valid as resistance, the price is likely to move downwards and could fall to the support of the channel floor around $202.06.
This analysis is based on two points:
Resistance at $231.97: If the price fails to break through this level, we may see selling pressure and the price move downwards.
Support at $202.06: This level is known as the channel floor and if the price reaches this area, we are likely to see a support reaction that could cause the price to stop or even return to the upside.
Overall, the price of Solana could fall towards the support of $202.06 in the short term, provided that the resistance of $231.97 is maintained and not broken.
Solana's price remains in the support zone!Hello everyone, I invite you to review the SOL chart in pair with USDT on a one-day time frame. As we can see, the price of salt was moving in a downward trend channel, from which the price came up, and the increase itself, as is often the case in such a situation, is close to the height of the channel in which we were moving.
Next, we can see how the price increase to the upper limit of the resistance zone from $238 to $261 has been rejected, only breaking it can result in an increase to the strong resistance at $298.
However, here you can see how the price quickly returned to the lower range of the zone, from which the breakout resulted in a quick return to the support zone from $203 to $185. Currently, the upper limit of the zone is maintained by the cane, but if we see a rebound again and the zone is broken, the price may quickly return to around $165.
When we look at the MACD indicator, we will see that we are still in an upward trend, but the recent recovery has made a lot of room for possible further increases.
Solana Long-Term: Defining Support Levels & 2025 TargetsYour life can be simplified a-hundred fold just by defining resistance and support.
You can look at a chart and say, "Oh boy, it is impossible to predict, anything goes!"
Or you can look at a chart and say, this is the resistance and this is support.
➢ Above $170 Solana is long-term bullish.
➢ Above $210 Solana is hyper-bullish.
If it moves below these levels, we can say the bullish structure weakens, it has been compromised and prices can move lower.
As SOLUSDT (Solana) trades above $210, we are hyper-bullish and we can expect more, long-term growth.
That's how easy charting can be when you define resistance and support.
➖ SOLUSDT (Solana) Technical Analysis
After hitting a new All-Time High SOLUSDT went into a retrace. This happened this same week. This same week is the third week of bearish action.
Support was found this week on a wick right above $210. The current candle (week) produced a lower wick and is now back up. We have a drop bigger than 22% and the 0.382 Fib. retracement being tested, standard and valid for a retrace on a bullish wave. This is big enough, long-enough; after the retrace is over what follows is the resumption of the bullish wave.
The levels defined on the chart can also work as signals. Look at the structure and how perfectly balanced everything looks. The main support is blue.
The March 2024 high is also $210. So this level being tested and holding gives further strength to the bullish case —the resumption of the bullish trend.
The rest of the market is growing. Many of the big projects are moving forward. Solana can do the same.
There can be some consolidation because this pair is already strong enough. Consolidation can be counted as the three weeks when prices stopped growing and maybe 1 or 2 more before the next impulse, this is random and only insiders know.
The chart is bullish and says up. It is bullish because support was found at the last high which matches the Fib. extension numbers and moving averages as well. As long as SOLUSDT trades above $210, we are hyper-bullish, this has already been said. Do you agree?
If yes, what about the next target?
How far up can Crypto go?
Where is Solana going in the next month, next week, next year? Long-term growth!
The next major resistance level is $400. This is the Fibonacci golden ratio as well as a psychological level because it is a rounded number. Four is also related to stability, the base. It is the number most used for building structures; four corners... But this is not the end.
If retraces and corrections are really small it means people are not ready to fold.
If people are not selling it means the market is strong.
If the market is strong it means there is room for growth.
Strong growth must go beyond anything standard. $400 is standard.
$400 is strong but it is not extra-ordinary, we want more.
The next target is $500 after $400 and this is followed by $640, rounded up.
Here we have to stop... This is a main resistance level but, Solana is growing with many great projects, it is doing great just like Bitcoin and the rest of the Altcoins. It is one of the strongest pairs and we are still in 2024.
If dynamics are so good and sentiment is so great right now, let's go beyond $1,000 in 2025. What do you think?
The chart says $638 with a maximum of $870 for a standard bull-market, but there is nothing standard with everything that has been going on in the global stage. There is nothing standard about money evolving, and there is nothing standard about Bitcoin trading above 100K.
All this is extra-ordinary. Solana above $1,000 is extra-ordainary and that's exactly what we expect.
We want it higher.
It can go higher and higher it will go...
How do you think the price of Solana will be affected when the Spot ETFs go live all across the world?
Hope for the best, prepare for the best and we will have the best possible outcome in the years to come.
Cryptocurrency is a new form of money.
Cryptocurrency is innovation, technology, freedom and privacy all-in-one.
It is the perfect technology for a societies like ours.
See you at the top.
While many pairs are already moving, this is not the end.
The bull-market will last an entire year starting November 2024, we have a little more than 10 months left.
Wake up, stand up, look up and be strong.
The best is yet to come.
This is not financial advice. I am just sharing my heart, my feelings, my views, my experience and my Soul.
Thanks a lot for your continued support.
Namaste.
SOL: Massive Bull Flag Formed! Now is the time to keep a close eye on SOL! A break above the bull flag could happen anytime now! If you're looking to trade SOL at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above $240 and take profits at the levels shown in the chart.
Targets:
1. $245
2. $251
3. $260
-------------------------------------------
About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
SOLANA SOLUSDTSolana trying uptrend channel. Target topside 600-800USD for long play.
Doest hurt to stake.
Solana USDT Forecast📈 On this Daily BINANCE:SOLUSDT SOLUSDT chart, we view the data on a logarithmic scale. Crypto assets often grow in an exponential way, so a log chart can give a clearer picture of their trend.
💡 When you catch a trend, move with it. That’s simple!
SOLANA Swings - $240 on the moveAs mentioned on my previous charts, saw a head and shoulder which usually crypto's defy and fall thats a usual.
Buys at 211 to 209 range, cmp buys can be done who have fomo like a bad fomo lol,
aiming till 239 to 241 on the swings.
Sudden flush is expected on all areas close beyond 204 the dynamics change
Solana (SOL): Possible Upwards Momentum To Happen!!!Solana is in an interesting spot where we are seeing some signs of bullish momentum to happen (where after each fakeout below 200EMA we had a decent amount of upward movement).
Now, in order for that move to happen, we need to fully secure our buying entry zone, which would then result in the bullish move.
Now as we fad formed the fakeout, we see currently some weakness to kick in near the zone of pressure, which might lead price back below the 200EMA (resulting in a break of structure and possible further movement to lower zones from there), so as always, we wait!
Swallow Team
SOLUSD With a Bounce on Fib LevelsSolana (SOL/USD) rebounding from the 0.5 Fibonacci retracement level suggests bullish momentum. Enter long positions targeting key resistance levels, with stop-loss below recent support for risk management.
Don't forget to Trade with what you can afford to Loss..
SOL - bullish analysis based Wyckoff theoryIn my theory it’s look like Solana has the potential to keep growing and now I believe we had a correction in phase E (in wyckoff) and now it’s the very last points to join before the big grow.
Some basic explanations about the concepts in the following image:
- bc: buying climate
- sc: selling climates
- ar: automatic rally
- st: secondary test
- tso: terminal shake out
- sos: sign of strength
Lingrid | SOLUSDT Potential Channel BREAKOUTBINANCE:SOLUSDT has been in a downward channel, which is a pullback against the major bullish trend. The price has bounced off the 200 psychological level, gaining bullish momentum. Currently, the market is testing the middle of the range zone, which may lead to some pullback. I think the price move move sideways below the channel border before potentially breaking out of the channel and resuming its upward movement. The fact that the market took liquidity below the previous week's low suggests that there is sufficient buying interest to propel the market higher. Overall, I expect a bullish upward move once the price breaks out of the channel, driven by the underlying bullish trend and liquidity accumulation. My goal is resistance zone around 250.00
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
SOLANA GOING OVER $300 VERY SOON Want to keep this short because I am working a lot of different coins right now. Also, the work is on the chart. I've marked the relevant price levels for resistance and support and included a fib analysis for a price target.
Try and get in on a red candle on a little draw back so you don't experience death by stop hunt.
Good luck Lads.
SOL / USDT :approaching trendline resistance, expecting breakoutSOL/USDT is nearing a critical trendline resistance level. The price has been consolidating recently, setting the stage for a potential breakout. If the price successfully breaks above this resistance, it could trigger a significant bullish move.
Key Points:
* Trendline Resistance: SOL/USDT is approaching a key resistance level that has previously halted upward momentum.
* Volume Surge: A significant increase in trading volume during the breakout would confirm strong buying interest.
* Momentum Indicators: Positive trends in momentum indicators like RSI and MACD suggest bullish potential.
Confirming the Breakout:
* Clear Candle Close: A decisive 4-hour or daily candle close above the trendline is crucial.
* Volume Spike: A surge in trading volume during the breakout indicates strong buying pressure.
* Retest of Resistance: A retest of the broken resistance level as support strengthens the bullish case.
Risk Management:
* Stop-Loss Orders: Implement stop-loss orders to limit potential losses.
* Position Sizing: Adjust position size to align with your risk tolerance and overall trading strategy.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct thorough research before making investment decisions.
2 long zones for long on sol. Looking for price to pullback to the mid range support. If price moves instead to the local top I will wait for a break and enter a long on the retest.
SOL 6H. Solana Heading to $400 in the Medium Term. 12/12/24The asset price is currently stabilizing within the $222-$204 range, which could serve as a critical support zone. Support is the level where the price tends to bounce back as buyers step in aggressively, holding the price at this level.
In the short term, I’m considering a buy position targeting $260, which marks the upper boundary of the current range. For me, this is strictly a near-term goal. In the medium term, I anticipate Solana trading between $300 and $400.
To put it clearly and concisely: I expect further growth for #SOL and do not foresee the price dropping below $204.
DYOR.
$SOL - Consolidation in a bullflag / Channel before new ATH The cryptocurrency Solana ( CRYPTOCAP:SOL ) appears to be in a consolidation phase, forming a bullish flag or channel pattern. These patterns are often interpreted as a pause in the prevailing trend, typically followed by a continuation to higher levels. If the technical pattern plays out as expected, this consolidation could precede a breakout to new all-time highs (ATH).
Analysis:
1. Bullish Flag/Channel Pattern:
- Pattern Characteristics:
The bull flag or channel is identified by a downward or sideways sloping consolidation after a sharp upward movement. In CRYPTOCAP:SOL 's case, the price action suggests a period of reduced volatility within a defined range, indicating a temporary pause rather than a reversal.
- Implications:
This setup is often viewed as a continuation pattern, signaling that the asset is gearing up for another leg higher.
2. Market Context:
- Previous Uptrend:
The presence of a bull flag typically requires a preceding strong upward trend, which CRYPTOCAP:SOL has likely experienced leading up to this phase.
- **Broader Sentiment:**
Market conditions, such as sentiment around cryptocurrency markets and Solana's fundamentals, are pivotal in validating this bullish outlook.
3. Potential for New ATH:
- Breakout Confirmation:
If CRYPTOCAP:SOL breaks above the upper boundary of the flag/channel with strong volume, it could confirm the bullish continuation pattern.
- **Target Projection:**
The height of the preceding rally (flagpole) is often used to project the potential target after the breakout, suggesting that CRYPTOCAP:SOL might achieve or surpass its previous all-time high.
4. Risks to Consider:
- Invalidation:*
If CRYPTOCAP:SOL breaks below the lower boundary of the flag/channel, it could invalidate the bullish pattern, potentially signaling a trend reversal or prolonged consolidation.
Conclusion:
The consolidation of CRYPTOCAP:SOL in a bull flag or channel pattern indicates a potentially bullish setup, with the possibility of achieving new all-time highs. However, traders should monitor breakout levels, volume confirmations, and market conditions to validate the pattern and manage risks effectively.
SOLUSDT.1DThe daily chart of SOL/USDT shows the asset trading within a well-defined range, having recently faced a downturn from the upper resistance level. This analysis will highlight the key price levels, examine the current market conditions, and evaluate the implications of the technical indicators.
Price Action and Structure:
SOL/USDT has been trading within a price channel, demonstrating fluctuations between support and resistance levels. Currently, the price is around $210.35, having retreated from a recent high near the resistance level at $262.33 (R2).
Resistance and Support Levels:
Resistance Levels: The immediate resistance is observed at $202.28 (R1). A breakthrough above this level could lead to a retest of the higher resistance at $262.33 (R2), which has capped previous price ascents.
Support Levels: Key support is currently found at $153.26 (S2). Before this more significant level, a minor support exists at $202.28 (S1), which could provide some stabilization in case of further price declines.
Moving Averages:
Not explicitly shown on the chart, but typically, the placement of the price relative to its moving averages can provide insight into the overall trend's strength and potential reversal points.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) is indicating a bearish momentum as the MACD line is positioned below the signal line. The increasing distance between these lines suggests strengthening bearish momentum.
RSI: The Relative Strength Index (RSI) is currently at 54.71, indicating neither overbought nor oversold conditions, offering room for potential movement in either direction.
Conclusion:
SOL/USDT is currently in a retracement phase within a larger bullish context. The key levels to watch are $202.28 (S1) for immediate support and $262.33 (R2) for resistance. The current technical setup suggests that while there is potential for further downside towards S2 at $153.26, the neutral RSI indicates that there could be sufficient buying interest to stabilize the price or drive a recovery if broader market conditions remain favorable. Investors should monitor these levels closely along with the MACD and RSI trends to gauge the asset's next directional move.
Sol Short ScalpAdded to shorts.
Entry 227
Tight and flat Stoploss at 229
Targeting 206
Note: Not a Financial Advise.
Major Correction before trying to overtake ETH?This time, we’re looking at the Solarna chart. As you can see, we have a very large overarching yellow structure, and our interim breakout was stopped at the resistance line. On the right, I’ve included an image from a smaller timeframe, and as you can see, we’re currently managing to position ourselves within the reversal zone, also known as the XY level, in a turquoise structure.
I strongly believe this level will push us down into the target levels. Within these target levels lies our overarching yellow XY level. This marks a very attractive area where Solarna has a good chance to regain strength, complete the sequence to the upside, and aim for the $300 mark.
Will this be enough to dethrone Ethereum? Only time will tell.
#SOL reached support zone 📊#SOL reached support zone ✔️
⚡️The entry point of spot trading has been triggered, so the previous reduced position is automatically bought back.
🧠From the perspective of wave theory, the bearish wolf wave here may have ended, and a rebound can be expected.
➡️For futures trading, we do not have much cost advantage, so I will let everyone choose to wait and see. It is not certain whether it will stabilize here. If it continues to break down, it is possible to touch our defense point, and we will turn profit into loss, which is not worth the loss.
👀I need to further observe whether it can stabilize here, and we will participate in long transactions after specific signals appear.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BITGET:SOLUSDT
SOL up to 300$I hope you are ready for a $300 flight before the new year. I would expect a hike to the 1.618 level and a powerful breakout soon.
SOL Mid-term IdeaSol has a possibility of retesting my support trendline between $160-175. I would aim for that confluence to buy spot or long it from there.
