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SOL / Wrapped Ether on Polygon (0x2af65c6744d0edb1539ebf177f6e48b35001b44b) in USDSOL / Wrapped Ether on Polygon (0x2af65c6744d0edb1539ebf177f6e48b35001b44b) in USDSOL / Wrapped Ether on Polygon (0x2af65c6744d0edb1539ebf177f6e48b35001b44b) in USD

SOL / Wrapped Ether on Polygon (0x2af65c6744d0edb1539ebf177f6e48b35001b44b) in USD

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SOLWETH_2AF65C.USD trade ideas

SOL - Back UpSo we had some weeks of consolidation and different movements within and around some important levels for COINBASE:SOLUSD . Let's consider the whole run up a adjustment towards a mean after a event driven downtrend since FTX. With Solana Ecosystem proving itself as a contender among Smart Contract Platforms, more and more investors and traders wake up to the fact that Solana is indeed here to stay for this cycle. They all need to make a decision to either get allocated or fade and find other outperformers. Here is the rundown: Main Level to observe in this chart is the Yearly Open for 2024, (≈101.70). Obviously price was trading around this level since peaking in Dec 2023. Other levels on the way up are 107 and 112, marked in light colour. All above 125 to140 can be seen as critical area, as Price was rejected from it and it has a historical resistance in 2021/22 before the downtrend. Marked in blue circle is the clean retest of the current 50% level for 2024. If 4H trend and Daily trend remain healthy we can see more upside till the critical area.
COINBASE:SOLUSDLong
by zymmetric
SOLSOL ran highs that were MID of the whole move and then sold off one quarter (one quarter of MID to first quarter) and then reclaimed MID / highs and was sent higher More recently ran highs at third quarter of the whole move and then sold off one quarter (one quarter decrease from third quarter to MID) and now is reclaiming third quarter highs as support, which suggests if it follows same pattern as earlier this month, all time highs is next, where it'd be logical to anticipate same type of reaction there Things are accelerating not decelerating in SOL so it likely will develop faster than the fractal from earlier this month portrays...
KRAKEN:SOLUSDLong
by jhonnybrah
Buy Solana at 93.75 and target the MoonIm suggesting to buy Solana at this level after false breakouts. Entry line 93.75 is not a trigger. Don't set buy limit orders. Wait for price to fall below and just after an agressive close back above the entry line open a trade. Don't get fooled with "better price" which is lower, it can be lower, but also much riskier. If any of 30m candle closes below the SL line, cutloss your trade. I will trigger the entry by updating this idea. If you follow me, you will know. If not, wish you good luck.
COINBASE:SOLUSDLong
by Rendon1
2
Solana's 2020-23: Akin to Ethereum 2017-21, Eyes New ATHWhen we take a closer look at Solana's recent history, it's hard not to draw comparisons to Ethereum's past. The price movements seem eerily similar, and it feels like we're at a pivotal point, much like where Ethereum once found itself. With this in mind, many in the crypto Twitter and TradingView are brimming with excitement, believing that Solana might just be gearing up for a remarkable journey towards a new all-time high in 2024. 💬 Your thoughts on this? I would love to hear your insights in the comments below!
CRYPTO:SOLUSDLong
by ArShevelev
13
Tea is good for the SOLGrab your favorite cup. Put a pot of water on the range. Non decaffeinated will help control the jitters. Id suggest earl gray or chamomile. Drew this one out after the cup formed. Cup and handle. C+H. Tea time. Measured move would be the depth of the cup. These situations usually play out to the 3.618 extension to the minimum. Fib extensions pulled from top to bottom and from cup neckline to base. both sets of fibs will offer insight into the price action to come. Don't sleep on this chart if you are looking for alt coins to rotate into. NFA Do Your Own DD
COINBASE:SOLUSDLong
by BallsOfSteel32
SOLANA Holding up extremely well. Inverse Head & Shoulders v BTCWith this slight pre halving dip. And look at this chart it has formed vs #Bitcoin Using our log based target for #BTC of $143.9k We can project how high #SOL COULD possibly go. Similar patterns have formed v ETH & USD has already highlighted. ***** ----------------- ********* These are just mere mental frameworks of a POTENTIAL price roadmap. Imagine not having a roadmap... and someone was to cash out $500 ... went on a long vacation Only to see the Sol price trading at $1800... with "Analysts" & influencers calling for $5K Creating FOMO and going back into the market only to watch it top at $2400 and then proceeding to ride it back down to triple digits!!! Your initial profit taking at $500 may only be worth $250 before you come to your senses and run for the hills with what you have left.. still a good win if you got in low enough ... but you would probably be emotionally scarred for the next few years! Enjoy this dip We still got some time left in this bull market obviously But time is not on our side and you should have already laid out your exit plans.
COINBASE:SOLUSDLong
by BallaJi
SOLUSD BULLISH MOVEMENT Anticipating a possible bullish movement by SOLANA following with the current bullish run on they crypto markets. We managed to bet a break above the 28/03/2022 high on the weekly. This has been a very interesting high across the crypto markets. If we continue to see the bullish run I will be looking at the 20/12/2021 High for a possible test of the high. A break above the above high I will keep an eye out on the ATH at around 260 From a Weekly point of view it would be interesting to see if the buyers would hold above the 78.15 in cases of correction .
COINBASE:SOLUSDLong
by geekyfxke
1
Solana Surges to 25-Month High: A Beacon in the Crypto RealmSolana ( CRYPTOCAP:SOL ) has emerged as a shining star, reaching a 25-month high and captivating the attention of institutional investors and traders alike. This surge in Solana's price has ignited discussions about potential market rallies and reaffirmed its position as a frontrunner in the digital asset space. Amidst a backdrop of market turbulence, Solana ( CRYPTOCAP:SOL ) has demonstrated remarkable resilience, posting a 7% rally while other cryptocurrencies falter. This resilience not only underscores Solana's ( CRYPTOCAP:SOL ) growing dominance but also reflects investor confidence in its underlying technology and long-term potential. A significant catalyst behind Solana's recent surge is its integration with Binance's Web3 Wallet, facilitating seamless interaction with decentralized applications (dApps) and simplifying token management within its ecosystem. With easier access to Solana-based dApps like Drift and Dual Finance, Binance's integration is poised to drive adoption and enhance usability, further bolstering Solana's appeal to investors. Presently, Solana ( CRYPTOCAP:SOL ) boasts impressive metrics, with nearly $4 billion in Total Value Locked (TVL) and a stablecoins market cap of $2.6 billion. These metrics underscore the mainstream adoption of web3 projects and digital assets, solidifying Solana's position as a prominent player in the crypto landscape. The introduction of BILS, an Israeli Shekel-backed stablecoin, on the Solana blockchain has attracted investor interest, showcasing the platform's ability to pioneer innovative financial solutions within a regulatory framework. This initiative highlights Solana's attractiveness to projects and partnerships that contribute to its ecosystem's growth and development. Despite reaching new highs, caution is advised as Solana's Relative Strength Index (RSI) stands at 85.50, indicating potential overbought conditions and the possibility of a reversal. Traders are urged to exercise prudence and implement risk management strategies to navigate market volatility effectively. Nevertheless, Solana's ( CRYPTOCAP:SOL ) recent surge to $181, accompanied by a surge in trade volume to $11.57 billion, reflects growing investor confidence in the cryptocurrency. As Solana ( CRYPTOCAP:SOL ) continues to strengthen its ecosystem and attract investment, it remains well-positioned for sustained growth and long-term success in the ever-evolving crypto landscape.
COINBASE:SOLUSDLong
by DEXWireNews
1
Solana Surges to 25-Month High: A Beacon in the Crypto RealmSolana ( CRYPTOCAP:SOL ) has emerged as a shining star, reaching a 25-month high and captivating the attention of institutional investors and traders alike. This surge in Solana's price has ignited discussions about potential market rallies and reaffirmed its position as a frontrunner in the digital asset space. Amidst a backdrop of market turbulence, Solana ( CRYPTOCAP:SOL ) has demonstrated remarkable resilience, posting a 7% rally while other cryptocurrencies falter. This resilience not only underscores Solana's ( CRYPTOCAP:SOL ) growing dominance but also reflects investor confidence in its underlying technology and long-term potential. A significant catalyst behind Solana's recent surge is its integration with Binance's Web3 Wallet, facilitating seamless interaction with decentralized applications (dApps) and simplifying token management within its ecosystem. With easier access to Solana-based dApps like Drift and Dual Finance, Binance's integration is poised to drive adoption and enhance usability, further bolstering Solana's appeal to investors. Presently, Solana ( CRYPTOCAP:SOL ) boasts impressive metrics, with nearly $4 billion in Total Value Locked (TVL) and a stablecoins market cap of $2.6 billion. These metrics underscore the mainstream adoption of web3 projects and digital assets, solidifying Solana's position as a prominent player in the crypto landscape. The introduction of BILS, an Israeli Shekel-backed stablecoin, on the Solana blockchain has attracted investor interest, showcasing the platform's ability to pioneer innovative financial solutions within a regulatory framework. This initiative highlights Solana's attractiveness to projects and partnerships that contribute to its ecosystem's growth and development. Despite reaching new highs, caution is advised as Solana's Relative Strength Index (RSI) stands at 85.50, indicating potential overbought conditions and the possibility of a reversal. Traders are urged to exercise prudence and implement risk management strategies to navigate market volatility effectively. Nevertheless, Solana's ( CRYPTOCAP:SOL ) recent surge to $181, accompanied by a surge in trade volume to $11.57 billion, reflects growing investor confidence in the cryptocurrency. As Solana ( CRYPTOCAP:SOL ) continues to strengthen its ecosystem and attract investment, it remains well-positioned for sustained growth and long-term success in the ever-evolving crypto landscape.
COINBASE:SOLUSDLong
by DEXWireNews