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SOL

Solana - IMPORTANT Support Zone will be TESTEDHi Traders, Investors and Speculators of Charts Solana is frequently trending due to steep fees of ETH. Even after a large increase, there is still great upside potential for the future. However, for the short term, a retets of a prominent support zone is likely after a near parabolic increase on SOL. SOLUSDT is one of the altcoins I was watching for 2024 Altseason, as per previous posts in early January. ✅ 👉 Technical Indicator SHORT TERM is overbought indicating a correction is overdue 👉 Support zone at $153 is critical to hold 👉 Daily candles need to keep closing ABOVE this zone to avoid a potential H&S pattern. Overbought indicates a correction is overdue: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 KUCOIN:SOLUSDT
Short
by CryptoCheck-
1
Cryptolean Solana SOL Update In the daily chart, Solana found a support at $167. A daily candle closure above $186 will push Solana price towards the key Cryptolean resistance zone of $202-$209 and, possibly, higher. An inability to sustain the price action above $167 will result in price declining towards $144-$151 the key daily support. Intraday Chart The intraday chart of #SOLUSDT is neutral. A bullish rejection of $168 will push #Solana price towards $194, however to become bullish again, SOL has to break it to the upside and sustain price action above this level. An inability to hold price above $168 could result in a bearish move to $154 support and, possibly, lower to $126-$138.
by Trade-Lean
SOL/USDT bullish reversal from key support? 🚀SOL Analysis💎 Paradisers, keep your eyes on #SOLUSDT! It's approaching a critical support at $150.84. With momentum on our side and a successful closure of a green candle above this mark, we anticipate a bullish journey towards the $210.48 resistance. 💎 Should #SOLANA dip below $150.84, fear not—we have a contingency at $127.14. Imagine this level as a springboard, primed to catapult prices upward once again. 💎 A cautionary note: breaching this secondary line of defense could signal a continued downward trend as selling pressure mounts. Being alert and prepared to pivot is crucial as we navigate the unfolding scenario with #SOL.
Long
by MyCryptoParadise
2
Rallying Regardless of Bitcoin's DipSOL is demonstrating remarkable resilience in the current market, consistently trending upwards despite Bitcoin's recent volatility. The latest hour shows SOL trading at $202, marking a solid upward movement with an impressive last day change of over 11%. The technicals paint a bullish picture with both MACD and RSI indicating strong momentum. The MACD histogram is positive, and the MACD line is above the signal line, suggesting continued bullish momentum. The RSI is not yet in the overbought territory, indicating there may still be room for upward price movement before encountering the typical reversal zone. We should take note of the upper Bollinger Band, which SOL is currently testing. This is often seen as a potential resistance area. If SOL can break through this, we might see continued upward movement, but a rejection could lead to a short-term pullback as indicated on the chart. Volume remains robust, reinforcing the strength of the current price trend. The 1-hour chart showcases SOL’s potential to establish new support levels if the rally sustains. We should monitor for any signs of a breakthrough or rejection at the upper Bollinger Band and the static resistance level for potential entries or exits. This solid performance of SOL/USDT, especially its decoupling from Bitcoin's downtrend, underlines the unique market dynamics that individual cryptocurrencies can exhibit. While Bitcoin often influences the broader market, SOL's current trajectory showcases how strong fundamentals or project-specific news can drive independent price action. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
7
SOL Solana Trade IdeaSOL Solana is clearly trending bullish as we can see on the 4 hour time frame with consecutive higher highs and higher lows. We look for an entry on the Fibonacci retrace down into the 50 to the 61.8% level. We can see support on a previous high to the left of the current price swing which could provide support for an entry point. Target one is the current price swing high take partial profits and move stop loss to break even, target two would be a measured move above the current price swing. This analysis is for educational purposes only and not financial advice. Always trade with a solid risk management plan.
Long
by fxtraderanthony
1
SOLUSDT.1DIn this SOL/USDT daily chart, the recent price action has taken Solana above the Ichimoku Cloud, a bullish sign. There’s a marked upward trend with resistance (R1) at a higher price point indicating a potential future target. Ichimoku Cloud: Being above the cloud is bullish, suggesting that the uptrend may continue. The cloud will now act as support. Moving Averages (Ichimoku Lines): The conversion line (blue) is above the baseline (red), which further supports the bullish sentiment. Resistance (R1): There's a resistance line drawn above the current price, signaling a level that could potentially halt or reverse the upward trend. RSI: The RSI is high, hovering just under overbought conditions. This could indicate that the price might see some consolidation or pullback soon. MACD: The MACD is positive and above the signal line, which is typically a bullish signal. However, the histogram is showing signs of decreasing momentum, so it's crucial to watch for any potential crossover that could signal a reversal. Considering these indicators, the momentum for SOL appears bullish, but the high RSI suggests caution, as there could be a pullback. If you're trading, it might be wise to look for confirmation of continued bullish momentum before entering a position and setting a stop-loss to manage potential downside. The resistance level could be seen as a target for taking profits should the price continue to rise. It's essential to consider the broader market sentiment and news that can impact price movements.
by MarsSignals
#SOL/USDT 2h (OKX Futures) Rising wedge on resistanceSolana printed an evening star, road back to 200MA support seems likely next. ⚡️⚡️ #SOL/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Short) Leverage: Isolated (2.3X) Amount: 5.0% Current Price: 171.72 Entry Targets: 1) 172.56 Take-Profit Targets: 1) 142.59 Stop Targets: 1) 187.58 Published By: @Zblaba CRYPTOCAP:SOL OKX:SOLUSDT.P #Solana #SPL solana.com Risk/Reward= 1:2.0 Expected Profit= +39.9% Possible Loss= -20.0% Estimated Gaintime= 1 week
Short
by TradingOn
3
Solana UP 87% - ALTSEASON upon us!📉Hi Traders, Investors and Speculators of Charts📈 Solana is up 87% in the past few weeks, and it's one of the altcoins that have seen the best gains in a 24h time frame. This is usually a good time to secure some profits. I've been bullish on Solana and other altcoins for 2024, find the other alts I am watching here: From here, I expect micro cap coins to start making their rallies. ARE YOU PREPARED FOR ALTSEASON 2024? If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck KUCOIN:SOLUSDT
Long
by CryptoCheck-
1
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 Huge Channel Break Out: Bull Cycle TagetAs of this week, SOL has finally broken out of a multi-year parallel channel (1). In my view, this is the start of a potentially amazing run up towards >1000$. As seen on the chart, there are multiple channels to be drawn on the chart, all using the bottom support (0) as their main base. The third channel (3) might be too far fetched for now, but it still would make a great trade. For now, I think that a target at the second channel (2) is a more realistic target for the next year or so. With a stop at 140$ and a target at 1250$ we can create a huge trade with a RR over 23.
Long
by FieryTrading
8