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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

SOLANA SOL USDT Another Major Outage Means Hard To Trust SOL SOL was looking ok last week. I thought a nice run was going to play out but this recent news about the major outage that hit Solana a few days ago is showing that Solana has a lot of work to do before it can be used for any real world purpose. Solana has been plagued by outages this year, I think this is number 5 for major outages this year. At this point after doing more fundamental analysis on Solana, I believe Solana is extremely overvalued and being propped up artificially. I think that because of the outages and the problems it has that a revaluation is coming soon for Solana. I hat to say it also but Solana has also formed a major head and shoulders, and a measured move of the head and shoulders would be around $4 yikes. I think that $4 is all Solana is actually worth at the moment. Also another big deal is that SOL has been trading in this ascending broadening wedge pattern and has technically broken below the bottom support line. An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line. If SOL fails to break back above and back into the broadening wedge then I think a swift move down is to follow. Be very cautious with this one, Ive seen many like Solana over the years and I feel like the hype is dying for this project and a major dump is coming from big bag holders. Once the selling starts itll be almost as fast as Luna. Once people realize how important it is for a project to have 100% uptime then Solana will be revalued to its true worth. Solana does not belong in the top 100 in my opinion let alone the top 10.
BINANCE:SOLUSDShort
by Bitgolder
11
SOLANA - 400% Gain!Solana has been pushing higher and higher since our Long setup September. We initially thought we'd push up 200% but when a move is this strong, why cut your profits early. Let it run! We are now up by over 400% and still climbing. Once we see price slowing down, we'll be looking to sell Solana. However for now, let's enjoy the ride! We'll be back with a Solana update once price shows signs of reversal. Hope you guys made some money out of this! Happy Holidays!
BINANCE:SOLUSD
by WicktatorFX
2
Solana to $130Hi Folks Solana has been on a tear recently and continues to pump. If we look to where it could possibly go before retracing or meeting resistance then a possible target is $130 dollars based on the last Chandelier exit and fractal. I am using Renko charts as it helps filter out noise and provide cleaner signals for me personally anyway. As we can see the price action is way above the Keltner channel which indicates an extreme point. We can also see the stochastic RSI is very overbought and the BB% is well above 1. We can stay at these extreme levels for many weeks on end but I am expecting a pullback at some point. If your still in the trade possible area to look for taking profit would be that previous resistance of around $130 which I have highlighted with a green line. Hope everyone is profitable, happy trading and merry Christmas to all.
COINBASE:SOLUSD
by bacurrie45
SOL / USDT Price Analysis (4h)Hey there, fellow traders! Exciting news on the Solana – it just made a breakout from the $80 resistance level! 💜 If you appreciate our charts, support us with boost button 💜 Picture this: an ascending triangle is in play, suggesting some potential upward action. What does this mean? Well, it could set the stage for Solana to reach the $88 and $100 levels in the coming period. How awesome is that? Now, let's not get too carried away – always keep a careful eye on your trades. A savvy move would be to maintain a watchful stance and consider having a stop loss below the trending line. Why? Because that's just smart risk management in action. So, to sum it up: Solana's breaking barriers, an ascending triangle is pointing towards possible gains at $88 and $100, but stay cautious and don't forget that trusty stop loss below the trending line. Happy trading
CRYPTO:SOLUSDLong
by Vestinda
1
Solana - Continuation after Consolidation, Shorts get REKTTwitter Influenzas, NFT muppets and Macro labradors cheering how they sold the local TOP. unfollow anyone telling you it is over, we only getting started. people shorting in those conditions deserve to loose evrything. don't get shaken out from your beliefs and positions with conviction. avoid leverage. enjoy the ride. we had several days of consolidation after a massive run up from 17/18 USD. of course the coin has to take a breather. it does not mean it will dump. this consolidation and new support of around 50$ is very bullish. we now see the RSI and EMA cross over on the 16H and above 50. check-marks show you were we have been last time this happened. i believe many whales, influenzas and vc's are still not allocated enough to SOL and the wash out after FTX was actually a blessing for the ecosystem. many legit teams have built good apps and now start to launch tokens and bless their loyal followers with airdrops. a lot of apps and project are still not properly priced and many sideliners will just bid whatever they find. do your research but remain careful. profits should always be rolle dover to SOL and later i the cycle we buy BTC.
COINBASE:SOLUSDLong
by zymmetric
8
SOL thunder in the distance, be careful bulls.SOL is forming a huge rising wedge, and a breakdown could trigger massive sell-offs and short positions. RSI is indicating there is no power in this upward move and is ready to cool down, signaling a potential strong drop. MACD is way overbought, similar to RSI, and also shows strong and powerful negative divergences, as does RSI. Histograms are ticking lower, indicating a lack of power. All in all, bulls are safe if the price continues to rise and stays within the pattern. However, if and when the price breaks down, a significant sell-off will occur, leaving many retail bulls on the wrong side. Watch out.
COINBASE:SOLUSDShort
by Consistent_Trades
Solana (SOL) Flips XRP As It Tops Ethereum In 24-Hr DEX VolumeSolana's surge propels it to surpass XRP while achieving a milestone by leading Ethereum in 24-hour DEX volume. In a compelling twist of events, Solana ( CRYPTOCAP:SOL ) has soared to become the 5th top cryptocurrency by market capitalization, surpassing XRP on December 20. Over recent weeks, the bullish momentum in CRYPTOCAP:SOL ’s price has propelled it into the spotlight, posing a challenge to XRP’s position amidst choppy market conditions. Catalyst Behind The Surge Meanwhile, this surge is intricately linked to the rising popularity of the meme coin, BONK, flourishing on the Solana blockchain. So, let’s take a look into the factors behind Solana’s recent ascent and its price performance. Here’s Why Solana Poses Challenge On CRYPTOCAP:XRP The meteoric rise of Solana in the crypto hierarchy finds its roots in the success of the meme coin, BONK. Over the past weeks, the BONK price has experienced a remarkable surge, marking a substantial 80% increase in its weekly price. Meanwhile, the catalyst for this surge lies in the meme coin’s recent listings on major exchanges, including Binance and Coinbase. The support from these global platforms has catapulted $BONK into mainstream recognition, contributing significantly to Solana’s market cap ascent. In addition, Solana’s recent milestone of surpassing Ethereum’s 24-hour decentralized exchange (DEX) volume marks a pivotal moment in its journey. Solana’s proof-of-stake (PoS) blockchain has outperformed Ethereum’s chain for the first time since its launch in 2020. This achievement is attributed to several factors, including a surge in Solana Mobile purchases, substantial trading volumes associated with $BONK, and a prevailing bullish sentiment within the Solana ecosystem. As Solana continues to disrupt the crypto landscape, the industry eagerly watches its trajectory in the coming days.
COINBASE:SOLUSDLong
by DEXWireNews