Solana’s Next Move: Will It Break 163 or Drop to 120? Find OutSolana is at a make-or-break moment. If it can push through 163.25, we could be looking at a run up to 189 and beyond—but if it stays under 157, things could get a little dicey, with a drop to 145 and maybe even all the way down to 120.97.
We’ll break down what to watch for and where the next moves might happen. Solana’s either gearing up for a moonshot, or it’s about to take a nap at 120. Either way, we’re here for it!
If this gave you some clarity (or at least a laugh), don’t forget to like, drop a comment, and hit follow for more updates. Because let’s face it—predicting crypto is like trying to guess when the Wi-Fi will suddenly stop working!
Happy Trading
Mindbloome Trader
SOLVVS_80FDCC.USD trade ideas
"Uptober" in the Crypto Market Has BegunAlongside BTC, SOL has also rebounded from recent price losses. Is now the time to go long and aim for new all-time highs? In our view: almost. The market remains tricky, and further setbacks are expected, though an overarching upward trend is emerging.
Currently, we see a short- to medium-term short setup for SOLUSD, as indicated in the chart. New opportunities for long entries could arise in the target zone area.
SOLANA SOLUSD Breaks-Out & Leads Cryptocurrency
It was not so long ago that Solana was priced below it's 200EMA on the daily chart.
This changed at the weekend when SOLUSD bullishly exited a Triangle pattern and during Monday Asian session has broken out and up over 4%.
Bitcoin in up about 2% in the Asian Monday session
Is Solana (SOL) Ready To Continue Next Rally? Since April-2020 low, SOL:Binance made all time high of $267.52 in November-2021 as (I) impulse sequence. Currently, it favors upside in ((3)) of I after correction of (II) ended at $7.96 low in December-2022 low. It needs to break above November-2021 high to confirm the next bullish sequence.
Since April-2020 low, it placed I of (I) at $61.44 high, II at $19.04 low, III at $221.38 high, IV at $115.45 low & V at $267.52 high. After that it corrected lower in (II) as dip pullback in double correction at $7.96 low in December-2022. Within (II), it placed w at $75.34 low, x at $143.17 high & y at $7.96 low.
Above (II) low, it resumed higher in ((1)) of I, which ended at $210.03 high in March-2024. In ((1)), it placed (1) at $26.78 high, (2) at $12.82 low, (3) at $126.35 high, (4) at $78.87 low & finally (5) at $210.03 high as ((1)). It corrected in ((2)) as zigzag correction, which ended at $109.89 low. Within ((2)), it placed (A) at 118.89 low as 5 swings, (B) at $194.07 high as flat & (C) at $109.89 low as ((2)). The zigzag correction missed the extreme areas before turning higher.
Above ((2)) low, it placed (1) at $163.56 high & (2) at $120.40 low. It is choppy at the moment & need to break above (1) high to confirm the next move higher to be (3) to extend towards $174.84 – $208.07 area or higher levels as nest in (3). We like to buy the next pullback in 3, 7 or 11 swings, once it breaks above ((1)) high, confirming bullish sequence. Alternatively, if it breaks below $109.89 low, it can do double in ((2)) correction against December-2022 low before resume the trend.
SOL's End of Accumulation PhaseSolana keeps on failing to create a bearish momentum below the current range, after applying wave counts it is highly probable that the sideways move has come to an end and we are expecting a very impulsive move up for 3rd wave on the lower degree to proceed the higher degree 5 wave pattern
Solana Approaching Critical Support: Bullish Reversal or DeclineSolana has shown impressive resilience in the crypto market, benefiting from its high scalability and rapid transaction speeds. Now, the price is testing key support levels, which could define the next directional move.
Upside Potential: A bounce from the support around $143.04 could drive SOL higher toward $154.20. A break above this resistance could confirm a strong upward momentum, allowing SOL to push toward the $160 range.
Downside Risk: If SOL fails to hold the current support, a decline toward $138.53 and potentially $135.48 is possible, signaling more downside pressure in the near term.
This is a critical zone for SOL, with both bulls and bears closely monitoring price action for confirmation of the next move.
Happy Trading
Mindbloome Trader
Buy Opportunity on Solana (SOL) at $146 - Target $155Technical analysis suggests that Solana (SOL) is in a strong upward trend, with the price increasing by 6.1% in the last 24 hours, currently trading at $146.25. A buy is recommended at this level, aiming for the next resistance at $155. A stop-loss should be placed at $140 to protect against potential reversals.
This recommendation is supported by strong market momentum and Solana's growing role in decentralized finance (DeFi) and its scalable infrastructure.
SOLUSD Solana The wait is OVER.It is the time to buckle up!
Just like Jan-Sep 2023 Consolidation.
Massive move is in cards.
Targeting $420+, given COINBASE/SEC lawsuit is resolved favorably.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
SOLANA: The bull case for 2024If SOL was going for a 5th wave, i'd expect a structure like this where the wave 5 is equal to the length of wave 1 (or lower even) resulting in a very fast move up, and very fast move down.
Target would be $300-366.
That would make the big consolidation at the top a complex wave 4 structure which is now forming a leading diagonal ABCDE triangle as the start of the final wave.
SOLONA may go upside from OB.SOLONA may go upside if price touches OB.
Bullish Order Block :- 136.10 and 133.14
Bearish Order Block :- 150.43 and 148.37
We can expect that the price may go upside if it touches the Orderblock. there are high chances that the price will take a pullback from the bearish order block. meanwhile if it hits bearish order block it may come down.
i have analyzed the chart using the most advanced price action SMC (smart money concepts) which tells us the foot prints of institutional investors who invest large amounts.
According to my analysis i suggest that :-
Entry Point :- 136.10
Take Profit :- 141.23
Stop Loss :- 130.96