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#SOL/USDT 1h (OKX Futures) Rising wedge breakdown and retestSolana lost 50MA and is pulling back to that resistance, seems likely to head towards 200MA support next. ⚡️⚡️ #SOL/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Short) Leverage: Isolated (5.0X) Amount: 4.8% Current Price: 99.17 Entry Targets: 1) 101.77 Take-Profit Targets: 1) 93.28 Stop Targets: 1) 106.02 Published By: @Zblaba CRYPTOCAP:SOL OKX:SOLUSDT.P #Solana #SPL #PoS #L1 solana.com Risk/Reward= 1:2.0 Expected Profit= +41.7% Possible Loss= -20.9% Estimated Gaintime= 2-4 days
Short
by TradingOn
12
SOL/USDT 4HInterval ChartI invite you to review the SOL chart in the USDT pair, on a four-hour interval. Let's start by defining, using the blue lines, the downtrend channel from which we can see the exit at the top. However, here, locally, the yellow color can be used to indicate a downward triangle in which we are approaching a potential direction of movement. Here it is worth looking at EMA Cross 10 and 30, as they indicate the entry into a local downtrend, which could potentially result in a larger decline. In such a situation, it is worth checking potential support areas, and here we can see how the price is struggling to maintain the level of $96, however, if the level is broken and we exit the triangle at the bottom, the next support is around $89, and further support is visible at the level of 79 $. Looking the other way, you can see a narrow range between support and the first resistance, which is at the price of $97, moving above the resistance and the descending triangle may result in an increase to around $108, and then you can see resistance at the level of $116. When we switch to the RSI indicator, we can define a falling triangle from which the exit from the top resulted in a quick return to a specific triangle, while on the STOCH indicator, we can define a downward trend line, which the indicator must break to return to the upward trend.
by cryptodailyuk
Solana Mobile Chapter 2: A Revolutionary Leap in Web3.0 Accessibility and Preorder Frenzy Solana Mobile has set the stage for a groundbreaking release with its upcoming Chapter 2 device. The company recently announced that it has shattered its own preorder records, amassing over 60,000 pre-orders for the eagerly awaited Android device within a short span. This remarkable achievement underscores the growing anticipation and interest in Solana's commitment to bringing Web3.0 solutions to a global audience. Preorder Success and Milestone Achievement: Solana Mobile's Chapter 2, introduced earlier this year for pre-orders, has witnessed an unprecedented level of enthusiasm from consumers. Within just 48 hours of the announcement, an impressive 30,000 units of the Chapter 2 phones were purchased, setting a new milestone for the company. Solana Mobile views this achievement as a significant step towards realizing its overarching goal of making Web3.0 solutions accessible on a global scale. Features and Upgrades: The Chapter 2 device is the enhanced successor to the Solana Saga phone, sharing key specifications such as the powerful Snapdragon® 8+ Gen 1, 12GB of RAM, 512GB of Flash storage, and a 6.67” OLED display. However, Solana Mobile promises more than just incremental improvements. Notable upgrades include a hardware overhaul, an integrated crypto wallet, customized Android software, and a dedicated "DApp store" for crypto applications. Innovative Incentivization Scheme: One driving force behind the soaring preorders is the innovative incentivization scheme that Solana Mobile has attached to the purchase of Chapter 2. Buyers are not only securing an advanced mobile device but also receiving non-transferable tokens, including coveted Non-fungible tokens (NFTs). This unique approach mirrors the successful strategy employed with the Solana Saga, where customers received a $100 refund and BONK meme coins as incentives. Speculation Surrounding Token Giveaways: The mention of token giveaways has sparked speculation among Solana Mobile enthusiasts, with many anticipating a similar SEED_DONKEYDAN_MARKET_CAP:BONK meme coin giveaway as seen with the Solana Saga. However, it remains uncertain if Solana ( CRYPTOCAP:SOL ) will incorporate this meme coin into its marketing strategy once again. The element of surprise adds an extra layer of excitement and curiosity among potential buyers. Impact on Solana ( CRYPTOCAP:SOL ) Coin: While Solana ( CRYPTOCAP:SOL ) has experienced a period of sideways fluctuation, the growing traction and buzz surrounding the Solana Mobile Chapter 2 are expected to positively impact the coin's price in the coming days. This symbiotic relationship between the device's popularity and the cryptocurrency's performance highlights the interconnected nature of the blockchain and mobile technology sectors. Looking Ahead to 2025: Despite the current buzz, consumers will need to exercise patience as the official launch date for Solana Mobile Chapter 2 is set for 2025. This extended timeline builds anticipation and allows Solana Mobile to fine-tune the device, ensuring that it meets and exceeds the expectations of an eagerly awaiting user base. Conclusion: Solana Mobile's Chapter 2 is not just a phone; it represents a leap forward in the evolution of mobile technology and blockchain integration. With record-breaking preorders, cutting-edge features, and an innovative incentivization scheme, the Chapter 2 device is poised to redefine the landscape of Web3.0 solutions. As the countdown to 2025 begins, the tech community eagerly awaits the official launch, anticipating a revolutionary milestone in the intersection of mobile devices and decentralized technologies.
COINBASE:SOLUSDLong
by DEXWireNews
SOL vs BTC : Where Have I Seen this FRACTAL 🤔📉Hi Traders, Investors and Speculators of Charts📈 Looking at the Solana chart today, something struck me as familiar - but I couldn't place my finger on it. A pattern... where did I see this before? If you stare at charts about as much as I do, sometimes you start to see trends and correlations between charts. We call these - FRACTALS. These are a great tool to use when scouting for patterns. You can use a fractal in many ways, but I mainly gauge it against what happens next after the fractal on the origin chart. We're doing the same thing today between SOL and BTC - using an old Bitcoin fractal to predict the potential next move for Solana. 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 BINANCE:BTCUSDT BINANCE:SOLUSDT
Short
by CryptoCheck-
2
#SOL Waiting for confirmation downward trendIn time H4, as mentioned in the previous post, if it is not able to break the range of $100, it will correct to the range of $81. Therefore, at present, the important resistance barrier for the growth of the currency will shift to the range of $87.5. So, if it corrects upward, the range of the red box can be confirmed to continue the downward trend to the range of 72 to 68.75 and enter the sale transaction. In addition, if there is confirmation above the red box, the transaction will be reversed.
by alikze
63
SOL LOOKS BEARISHSolana really has a bear makeup. Now it has hit a supply, but it would have been better to reach the optimized range, then we could look for sell/short positions with much less risk. We do not expect the sol to rise and our view is a bearish one. We expect to have specified targets on the drop chart. Closing 1 daily candle above the optimized range will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
6
Solana's Soaring Transaction Volume Signals Bullish MomentumThe blockchain landscape is witnessing a remarkable surge in activity, with Solana ( CRYPTOCAP:SOL ) taking center stage as its monthly transaction volume reaches a multi-year high. The native token, CRYPTOCAP:SOL , has not only posted significant gains among major altcoins but has also exhibited impressive resilience in the face of recent market fluctuations. This article explores the key factors contributing to Solana's stellar performance, delving into the surge in transaction volume, the recovery of CRYPTOCAP:SOL 's price, the role of WEN token pairs, and the implications of recent liquidations. Unprecedented Transaction Volume Surge: Solana's blockchain is experiencing an unprecedented surge in transaction volume, with data from The Block's Data Dashboard revealing a staggering $951.9 billion in transactions for January. This marks a substantial 30% increase in economic throughput compared to December's already impressive volume of $735.8 billion. The current transaction levels far exceed those seen in 2023 and most of 2022, indicating a significant uptick in user activity. CRYPTOCAP:SOL 's Remarkable Price Recovery: Despite recent market turbulence, Sol has managed to not only recover but also rise above the $100 mark. The token's value increased by almost 8%, reaching $104.44 at 9:22 a.m. ET, making Sol the best-performing major altcoin in the last 24 hours. This impressive recovery can be attributed to the growing interest in decentralized exchanges, particularly driven by WEN token pairs. WEN Token Airdrop Sparks Trading Frenzy:** The recent airdrop of NASDAQ:WEN tokens to users of Solana's Jupiter decentralized exchange has catalyzed a surge in trading activity. Data from Dune Analytics reveals that the top five decentralized exchange trading slots in the past 24 hours are dominated by stablecoin-SOL, stablecoin-WEN, and SOL-WEN pairs. This airdrop, extended to Solana Saga phone users and certain Solana-based NFT project owners, has ignited a trading frenzy, amplifying Solana's market presence. Liquidations Reflect Market Dynamics: CRYPTOCAP:SOL 's price volatility over the past 24 hours has led to a notable increase in liquidations, particularly in short positions on centralized exchanges. Approximately $9.9 million was liquidated, with the majority, almost $8 million, coming from shorts. This trend is reflective of the overall crypto market, which witnessed over $79 million in liquidated short positions in the last 24 hours, contributing to a total of $118 million across various centralized exchanges, according to CoinGlass data. Conclusion: Solana's robust performance in terms of transaction volume, price recovery, and market activity positions it as a standout player in the current blockchain landscape. The platform's ability to attract users through innovative initiatives like the WEN token airdrop and maintain resilience amid market fluctuations underscores its potential for sustained growth. As Solana continues to set new records, investors and enthusiasts alike are keenly watching to see how this blockchain powerhouse will shape the future of decentralized finance and blockchain technology.
COINBASE:SOLUSDLong
by DEXWireNews
Review----SOLBTC remains fluctuating at 42000, the IV reflected in the options market is decreasing, and the impact of BTC ETF has come to an end. We have analyzed SOL through indicators before, and now we will do a brief review to see how our indicators performed. In our last report on SOL, we mentioned that it was in the process of correction but remaining a bullish trend. Over the past week, you can clearly see from the indicator area that the bulls have strengthened after the colunms approached the lower rail of the wavy area. Everything is in line with the instructions of TSB indicators. The rebound from the signal point to date is 15%. If you used our indicator after seeing the last report, you avoided becoming a paper trader and continued to hold a long position. At the 4h level, SOL continues to maintain fluctuation. During the course of our previous report, the KDMM indicator suggested a significant increase in bearish momentum. This is a classic short signal. Our trading department opened a short position and, in accordance with the rules of the KDMM indicator, closed our position when the bulls strengthened. Finally, within a week, a gain of 10.81% was captured. This is very simple. And now, the KDMM indicator is currently approaching a high level. When the bearish momentum increases, trading opportunities will come again. Our indicators have shown their strength over the last week, and no matter what level or trend you are in, you can find the right indicator to use. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
SOL/USDT 4HInterval ChartI invite you to review the SOL chart in the USDT pair. also here you can see how the price is moving in the local downtrend channel, in which, as you can see, the price is approaching the upper limit. At this point, it is worth looking at the Ema cross 10 and 30 indicator, because we can see the red line 10 crossing the green line 30 from below, which indicates a local return to the upward trend. In such a situation, it is worth laying out a trend based fib extension grid, thanks to which you can see how the price is struggling with the resistance zone from $92 to $95.5, and when it goes above it and from the downtrend channel, the next significant resistance should appear around 106 $. However, when the price starts to reverse, it can be seen that from the level of $84 to the level of $78.5, a strong support zone has formed. Only when it is broken can we see the price drop further to around $69. When we look at the RSI indicator, we will see that there is still room for an upward price movement, but enthusiasm may be limited by the STOCH indicator on which we exceeded the upper limit, which should potentially result in a price recovery or a temporary sideways trend.
by cryptodailyuk
🔥 Solana [SOL] Bearish Scenario That Can Play OutSOL saw a crazy move over the last few months, which took the price from 18$ all the way to 125$. Since then, the price has not really seen any meaningful correction. In my view, there's a risk that SOL can go down further and retest the bottom support of the parallel channel. I've stated before that I expect BTC to further correct after the ETF was launched. Potentially, BTC can correct another 20-30 percent from the current value, which could be disastrous for alts like SOL. Nevertheless, my long-term projections of this token are very good. So any buy from the lower yellow support could result in very good trade in the next 1-2 years. For now, I'm bearish until BTC has either broken out through 50k or has corrected towards the 30k area.
Short
by FieryTrading
4