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SOL

SOL/USDT planning bullish reversal from key support? What Next💎 Paradisers, get ready for a thrilling opportunity with #SOLUSDT as it displays signs of a potential bullish reversal from its support level. 💎 In the past, we've observed #Solana rebounding from support only to be halted by a strong rejection at the $159.64 supply level. Currently, the price is once again nearing the key support at $123.12, following an ascending support line. If it successfully reclaims this level and maintains momentum, there's a high chance it will embark on a bullish journey towards the robust resistance level of $204.64. 💎 As savvy traders, we must explore all possibilities. If the price of CRYPTOCAP:SOL fails to sustain its momentum at this key support and drops below, we anticipate a possible bullish rebound from the lower demand level at $105.92. This level has shown resilience thanks to significant liquidity, having previously upheld this demand zone. However, breaking below this level could lead to a substantial downward movement. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
8
SOL Down 4% As FTX Bankruptcy Estate Concludes Solana Token SaleFTX's bankruptcy estate has completed the sale of $2.6 billion worth of Solana ( CRYPTOCAP:SOL ) tokens at significant discounts. Figure Markets and Pantera Capital were among the latest buyers, acquiring a block of 800,000 tokens for approximately $80 million, equating to about $102 per token. Solana ( CRYPTOCAP:SOL ) is down 3.3% on the day. Pantera Capital also participated in the auction, although the specific price paid remains undisclosed. Both the FTX estate and the involved firms did not immediately comment on the transactions. The liquidation of Solana ( CRYPTOCAP:SOL ) tokens has been a contentious issue in the FTX bankruptcy proceedings. While FTX creditors will receive full repayment plus interest, they will not regain their crypto assets, potentially missing out on future market gains. Earlier in May, FTX announced that the estate would have up to $16.3 billion to distribute, while it owes approximately $11 billion to over two million customers and other creditors. Pantera Capital aimed to raise $250 million to purchase Solana tokens from FTX in March, winning a batch of discounted tokens in April. Due to the token sale campaign, Solana ( CRYPTOCAP:SOL ) is down 4.54% at $168.14 with the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) showing impending bearish trend coming up.
COINBASE:SOLUSD
by DEXWireNews
2
Solana Technical Analysis: Key Insights and Strategies 📉Current Market Position: Solana (SOL) has been in a parabolic movement but is currently losing momentum. If the weekly candle closes as it is now, there's a potential for breaking the curved trendline. Key Support and Resistance Levels: Critical Support at $100: If Bitcoin continues to drop and the market remains bearish for the next three months, SOL might reach this level. Immediate Support: Set a stop loss below $136. If this support breaks but turns out to be a false breakout, consider re-entering. Buying Strategies: Long-Term Hold: Buy after a breakout and stabilization above $205. Alternatively, wait for a reaction at the $100 support level before making a purchase. Recommendations for Holders: Stop Loss: Activate your stop loss below $136. Re-Entry Strategy: If the support break is false, re-buy SOL. Watch for Bitcoin's Movement: Solana's next significant move might depend on Bitcoin's performance. 👍 If you found this analysis helpful, feel free to like, comment, or share! For more insights, follow #Tradecitypro and #TCP 🚀#sol #solana 🔖 Categories: Technical Analysis, Risk Management, Long-Term Investment 📌 Stay tuned for further updates as the market evolves, and happy trading!
by tradecitypro
11
(SOLUSD) Crypto Market Liquidations Top $330 Million in 24 HoursCrypto Market Liquidations Top $330 Million in 24 Hours, Led by Ethereum As Bitcoin and Ethereum prices surged toward new all-time highs, short-term traders have borne the brunt of liquidations. In the past day alone, over $330 million was liquidated from the crypto market, primarily affecting short traders who anticipated a price decline. **Over 78,000 Traders Liquidated for $330 Million** Data from Coinglass reveals that the last 24 hours have been particularly harsh for crypto traders. More than 78,000 traders saw their positions liquidated, resulting in substantial losses totaling $330 million. Of this amount, 81.42%—equivalent to $268.76 million—came from short traders, while long traders accounted for $61.31 million in liquidations. Technically: The price is expected to test the support zone at 169.70 before pushing up again to reach the resistance zone at 192.72. Solana's price is likely to consolidate between 169.70 and 192.72 this week until a breakout occurs. Despite the consolidation, bullish pressure remains, aiming for 192.72 and 202.50. Long-Term Scenarios: Bullish Scenario: A breakout above 202.51 will initiate a new bullish phase, targeting 226.00 as the first bullish milestone. Bearish Scenario: Breaking below the support zone between 169.70 and 159.00 will lead to a drop towards 141.84 and potentially 126.00. Pivot Price: 179.20 Resistance Price: 192.72, 202.51, 226.42 Support Line: 169.70, 158.50, 142.50 The Movement range will be between Resistance 19272 and Support 169.70
COINBASE:SOLUSDLong
by SroshMayi
3
SOL Solana Invest Or Trade - Technical Analysis and Trade IdeaIn this video we cover two SOL (Solana) options, an entry point if you are looking to dollar cost average in as an investor, and a scalping and or intraday trade idea if you are looking to trade this. As always the video covers my trade entry points my opinion in terms of the trend, market structure and price action, and as always this information is educational in nature and not to be construed as financial advice.
Long
by fxtraderanthony
Potential bullish rise?SOL/USD has just bounced off the support level which is an overlap support and could rise from this level to our take profit. Entry: 174.98 Why we like it: There is an overlap support level. Stop loss: 167.65 Why we like it: There is a pullback support level which aligns with the 38.2% Fibonacci retracement. Take profit: 188.92 Why we like it: There is a pullback resistance. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:SOLUSDLong
by VantageMarkets
1
Solana Price Spikes With Analyst Sighting $200 As Next PivotSolana's price surge to $173 has sparked optimism among investors, with experts hinting at a potential rise to $200. The surge is driven by positive sentiment and upcoming upgrades, such as the Frankendancer upgrade. Syncracy Capital's co-founder Daniel Cheung expressed confidence in Solana's strength, highlighting its potential to reclaim $200. He also highlighted the potential for Solana ( CRYPTOCAP:SOL ) to reach $200 by the end of the month, a significant reversal in the monthly timeframe and readiness for new highs. As anticipation builds, Solana ( CRYPTOCAP:SOL ) remains a key focal point in the cryptocurrency market, with prominent players in the digital asset space attracted for its potential to reach new highs. BitMEX co-founder Arthur Hayes shared the Solana ( CRYPTOCAP:SOL ) price chart and advocated for accumulating the crypto in a blog post from early May. As of writing, Solana's price soared 3.01% to hit $173.25, after reaching a 24-hour high of $174.16. Despite the rally, its trading volume fell 25% to $2.71 billion, and the Solana Futures Open Interest soared 4.91% to $2.32 billion, suggesting a bullish sentiment in the market. The asset has a Relative Strength Index (RSI) of 63.97 which is moderately overbought.
COINBASE:SOLUSDLong
by DEXWireNews
Alikze »» AVAX | Ready to break the necklineIn time 2W, after a complete upward cycle up to $147, it made a complex double structural correction, which corrected more than 50% of the previous wave. Currently, it is located in the important resistance area and the neck line, with its failure, it will have the ability to reach the ceiling before and after that, the first target of $515. Therefore, we can wait for the failure of the important area to continue the upward path of this currency, which, according to the momentum, will have the ability to break the specified range. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
📉📈 SOL Trade Analysis 🔄💼Current Market Context: The market is experiencing a significant upward movement, and SOL is positioned well within a favorable buy zone. Trade Strategy: Entry: Initiate a trade at the break of the top of the range support level at $170.00. This level is a key indicator of potential bullish momentum. Take Profit: Set take profit targets within the $200 - $220 range, and identify the next area of resistance at $240 - $260 for extended gains. Stop Loss: Place the stop loss just below $158 to manage risk and protect against potential downturns. 📊🔍 Monitor SOL's price action closely to validate the trade and adjust as necessary! #SOLTrading #CryptoAnalysis 🌐🔒
Long
by Richtv_official
Long SolanaTraders, As you know, I have restarted my signals subscription. My followers and I have done very well since the restart. But I don't want to forget about all of my TV followers. So, from time to time I do not mind throwing out a freebie. Here's my case for going long Solana here to $300. #1 - As indicated in the weekend video update, there are multiple indications that our pullback in the U.S. stock market is over for now. Blow-off top to continue. #2 - Bitcoin will not be held down. And as it pertains to our Solana chart: #3 - Solana has hit .618 fib fan retracement #4 - Double bottom held. #5 - Back above the 100 day SMA #6 - RSI downtrend broke #7 - Green RSI support held #8 - Hidden Bullish Divergence on RSI #9 - Awesome Oscillator on the rise! My target will be 2x the current price (so, $300) for a rrr of 3.25. This will be a longer-term swing. It may take a month. It may take the rest of the summer. Unknown.
COINBASE:SOLUSDLong
by stewdamus
2
Bullish bounce off 38.2% Fibonacci support?SOL/USD is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 155.02 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 149.20 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Take profit: 174.62 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:SOLUSDLong
by VantageMarkets
1
SOL/USD potential bullish bounce off overlap support?Price is falling towards a support level which is an overlap support and could potentially bounce from this level to our take profit. Entry: 138.77 Why we like it: There is an overlap support level. Stop loss: 128.26 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 153.98 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:SOLUSDLong
by VantageMarkets
1
📈🔍 Altcoin Trade Analysis (SOL) 🔄💼Trade Overview: BTC's sharp reversal off support has uplifted the overall market, presenting a potential opportunity to go long on bullish altcoins like SOL, currently resting on support. Trade Setup: Entry: Enter the trade at $142.00. Take Profit: Consider taking 25% profit at $150 and the remaining balance at $160 - $170. Stop Loss: Set the stop loss just below $138 to manage risk effectively. Risk Management: Until BTC can regain higher resistance levels, view this as a relief bounce. Take profits opportunistically and manage trades closely amid market volatility. 📊🛡️ Exercise diligence and monitor SOL's price action for trade management! #SOLTrading #CryptoAnalysis 📉🚀
Long
by Richtv_official
2
Solana SOL Update: Bullish Breakout or Bearish Retreat?As I have reported out yesterday, technically Solana is trading in the "no man's land" and can move in either direction. A bullish move towards and a break-out of $165 will push SOL towards $205 and, possibly, higher. Below $165 , risk of bearish move towards $131 is still there and, if $131 is broken to the downside, we can see a further bearishness to $113. Note, as long as Solana is trading between $131 and $165, the price action will be slow and choppy.
by Trade-Lean
1