Is SUI the chosen Blockchain of the Banana ZoneThere is a well-defined inverse head and shoulders pattern forming on the CRYPTOCAP:SUI to CRYPTOCAP:SOL USD ratio chart.
The neckline sits at 0.16, a level we recently touched and then pulled back from, marking it as a significant barrier to overcome.
Our linear target is set at 0.0282, indicating a notable potential increase of +83% on the ratio.
Looking further ahead, the logarithmic projection reaches up to 0.064.
At that stage, we can imagine our friend Raoul Pal celebrating in triumph.
SOL
Solana (SOL) - Bullish Breakout!!!Solana has created a bullish flag pattern on the chart. This bullish flag pattern indicates that a breakout is imminent. My analysis identifies a key price target of the first at $308.
The chart shown indicates a bullish flag pattern, which is a technical signal suggesting that an uptrend will continue after a period of consolidation. The flagpole represents a prior rapid price increase, while in the meantime a slight pullback is expected leading us in the horizontal consolidation phase.
During this phase a brief pause with multiple attempts to break the ATH major resistance before the next upward movement creating a new All-Time High.
🟢Support= $174
🔴Major Key Resistance= $259
🌟Target= $308🎯
‼️DISCLAIMER PLEASE READ CAREFULLY‼️
*(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.)
(CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Alikze »» ADA | The scenario of wave 3 or C rising super cyclesAccording to the analysis of the previous post that was presented in the 8h time, according to the cup pattern, it made a growth as high as the height of the pattern valley, after which it encountered supply.
💎 But in the weekly time, due to the fact that it created a reliable floor in the golden zone of the previous wave, it faced demand.
💎 Currently, this return wave can be a pullback to a broken structure and a swing, which should meet good demand in the 39 cents area.
💎 First scenario: Therefore, according to the structure and movement behavior, it can have the first target of 0.8789 to 0.9766 by maintaining the green box area.
💎 Alternative scenario: if the range of 39 cents is broken, it can retest the floor of the range of 23 cents again.
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Alikze »» TIA | Pull back to broken structure🔍 Technical analysis: Pull back to broken structure
- In the daily time frame, it is moving in a downward channel, which met with demand in the liquidity area. According to the latest analysis presented in the region, there was a demand that grew up to the ceiling of the descending channel.
- Currently, it is moving in an ascending channel within the descending channel, which can continue its growth with a pullback to the broken structure.
- Therefore, this return in the range of the green box or in the middle of the channel can meet the demand again and continue its growth until the supply area.
💎 In addition, if it faces more selling pressure in the Liquidity Area and moves sharply, it can break the range, in which case the bullish scenario will be invalidated.
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BINANCE:TIAUSDT
Solana SOL - Game Is Almost OverHello, Skyrexians!
Today it's time for BINANCE:SOLUSDT - the best and the most hated asset in the crypto market in 2024. The reason of the huge rally, while other altcoins are dumping is the lack of holders. Anyway, every growth will be finished at any moment and now it looks like Solana is about to show us the final pump before the new bear market.
Let's take a look at the weekly time frame. Bull market has been started in 2023 with the wave 1. After that price formed flat correction in wave 2 and there impulsive wave 3 reached $200. You can see our new indicator Fractal Trend Detector showing when the massive wave 3 has been started. Green candles means the uptrend. When you see the green dynamic support zone under the price, it means that strong bull market is in progress. Wave 3 has been supported by this zone.
After that price showed corrective wave C which reached exactly 0.5 Fibonacci retracement, like Bitcoin did. Now the price is in wave 5. Candles are green and the green zone has been printed already under the last candle. It means that this uptrend is not local, this is the impulsive wave 5. This wave has the wide target zone between $243 and $330. Inside this zone we have to be careful and wait for the divergence with Awesome Oscillator and bearish reversal bar to not miss the reversal.
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Skyrexio Team
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Is a SOL Solana Pullback and Buy Opportunity on the Horizon?👀👉 SOL has recently demonstrated strong bullish momentum, but could it be reaching an overextended zone? This chart highlights a potential pullback at a key support level, which may offer an ideal entry opportunity. I’m watching this area closely for a possible buy setup that meets the essential criteria covered in the video. In this analysis, we’ll explore key price action signals and discuss strategies for positioning in the next potential move. Disclaimer: This analysis is for informational purposes only and is not financial advice. 📊
Solana Targeting All-Time Highs – SOLANA SWING LONGSolana has hit all the targets I shared here weeks ago!
I hope you took some profits. We've reached the third and final target—the March 2024 high. Now, it looks like we're retracing back into the weekly demand zone. I expect a potential bounce from the top of this zone, which aligns with the Fibonacci retracement. From there, we could see price movement toward new all-time highs.
I’ll be watching for lower-time-frame confirmations to enter the trade. Price could wick all the way into the weekly demand and fail to close below, especially if Bitcoin drops impulsively. So, look for confirmations first.
Stop Loss: 153
Target 1: 225
Target 2: 260
Start of trading: When the candle is a bearish candle
(Title) Start of trading: When the candle on the 1D chart is a bearish candle
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(SOLUSDT 1M chart)
The point to watch is whether the ATH can be renewed.
-
(1W chart)
To do that, the key is whether the uptrend can be maintained above 202.45.
If it falls below 202.45, you need to check whether it can be supported around 147.74-168.41.
-
(1D chart)
It has not yet updated the ATH, but it is located in a section where there is no support or resistance point to respond to.
Therefore, it is not easy to trade in this section.
Therefore, when the candle of the 1D chart is a downward candle, you have no choice but to check the support on the 1h chart and trade.
-
(1h chart)
The names of indicators that should be considered important on the time frame chart below the 1D chart are displayed.
When the candle of the 1D chart is a downward candle, you can trade depending on whether there is support near BW(100) and BW(0) on the 1h chart (you can use the chart you usually see and trade).
When trading spot, it is recommended to buy when the BW(100) and BW(0) indicators break upward, if possible.
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As the price rises, you start to feel anxious.
If you feel like you are the only one making little profit and you start to feel like you have to buy now, it means that the coin market is approaching its peak.
What do you think?
When the spot market is rising, the number of transactions decreases.
Otherwise, if the number of transactions is increasing, I think it is likely that you are in a state of FOMO.
Therefore, you need to make an effort to find peace again.
-
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
It is expected to touch 81K-95K in the next bull market.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Orca DEX: The Next Big Opportunity in the Solana EcosystemCOINBASE:ORCAUSD BINANCE:BTCUSDT COINBASE:BTCUSD BINANCE:SOLUSDT COINBASE:ETHUSD
Orca is gaining impressive momentum, fueled by the rapid expansion of the Solana ecosystem! 🌐 As one of the most promising decentralized exchanges, Orca boasts incredible trading volume compared to its market cap, capturing the attention of investors worldwide. With a limited token supply and a growing community, Orca might be on the verge of breaking barriers and reaching new highs! 📈
📊 Technical Signals:
High entry volume, indicating strong market interest
Potential for growth on an upward trajectory, especially with the expansion of the Solana ecosystem
Limited token supply supporting rapid value appreciation 🚀
⚠️ Why Orca? Orca isn’t just another DEX; it’s a platform that combines speed and usability in DeFi, aiming to become a cornerstone of the Solana network. Now’s the time to watch closely and consider positioning yourself while the token remains accessible!
💥 $100 Target in Sight? With growing volume and adoption, we could see Orca hitting the $100 milestone soon. Don’t miss the chance to follow one of the market’s most promising tokens. #Orca #SolanaEcosystem #DeFi #ToTheMoon #Orca100
Solana’s Bullish Surge: $220 High Signals Potential for New ATH Solana’s ( CRYPTOCAP:SOL ) recent performance has been explosive, breaking past $220 for the first time this year and setting the stage for potentially higher targets. Driving this bullish momentum is a unique blend of technical and fundamental factors, particularly the growing appeal of meme coins on the Solana network and robust market sentiment.
Pump Fun’s Significant Sell-Off
Meme coin launchpad Pump Fun has offloaded 43,000 SOL tokens (valued at $9.46 million) as the price hit $220, adding to its cumulative 793,243 SOL sold. Despite this, Pump Fun still retains 220,865 SOL, indicating that this liquidity event may be strategic rather than indicative of bearish sentiment.
Meme Coin Frenzy Boosts Solana Ecosystem
The recent meme coin craze on Solana, with tokens like ACT and PNUT surging 1,300% and 250% respectively, has bolstered SOL’s appeal. This trend has even driven Solana’s DEX trading volume above Ethereum’s for the sixth consecutive week. With $160 million bridged into the ecosystem in the past week alone, this influx of capital underscores the growing interest in Solana-based DeFi and meme coin trading. DeFiLlama data shows that Solana’s DEX volume hit $17.484 billion, surpassing Ethereum’s $14.97 billion.
Technical Analysis
Technically, Solana’s breakout above the $210 resistance, now turned support, is significant. The token is trading within a breakout channel and is up by 5.54% in the last 24 hours. This breakout has set sights on the $235.5 resistance level, followed by its previous ATH of $260.06. Altcoin Sherpa, a well-regarded analyst, even predicts that a breach of this ATH could push SOL towards $290, with speculative targets as high as $1,000 within the current market cycle.
If SOL maintains support around $210 and the $199–$195 range, this area could act as a launchpad for continued upward movement. However, if buyers fail to hold this level, SOL may see a correction toward $183–$172 before another rally.
Market Sentiment and Broader Crypto Landscape
The bullish momentum for SOL is part of a larger upward trend across the crypto market, with SOL benefiting from both the favorable macro environment and its distinct ecosystem growth. The meme coin popularity on Solana, coupled with strong DEX volumes and increasing DeFi activity, adds to the long-term potential of the network as a primary hub for high-volume, user-driven activity.
Conclusion
Solana’s rise to $220 represents not only a technical milestone but also a testament to the network’s expanding ecosystem, especially within the meme coin and DeFi sectors. With strong support from both fundamental and technical indicators, SOL’s trajectory suggests that reaching its ATH of $260 is feasible, with even higher targets on the horizon.
As SOL continues to capitalize on its position within a bullish crypto landscape, market participants should keep an eye on key support and resistance levels, potential corrections, and the broader sentiment driven by meme coin activity.
SOLUSDT (M) - CUP & HANDLE BREAKOUT, PREDICTION 400+SOLUSDT: Cup & Handle Pattern Testing Crucial Breakout Zone (193 - 208)
SOLUSDT is currently testing a crucial breakout zone between 193 and 208. A confirmed breakout above this range could signal the resumption of a strong bullish trend, with an initial target of 315 - 350, followed by 400 - 437 in the medium to long term (2025 - 2026).
Immediate Support:
The immediate support level is at 169 on the monthly timeframe.
Solana (SOL) hits $220, and trend is going way higher. The SOL price has entered the last phase of the bull run that may accomplish after completing the parabolic recovery. The rebound from the 2023 lows was the breaking point for the rally that constantly formed bull flags and later surged towards the next resistance. Currently, the price has broken above a major bull flag after multiple bullish attempts. Hence, the token is expected to keep up the trend and rise above the crucial resistance zone between $251 and $257.
The technicals have turned in favour of the crypto with the RSI close to enter the overbought zone while the DMI continuing with the bullish trend. Hence a rise over $250 appears imminent that may assist the Solana (SOL) price rally to mark a new ATH at around $275 to $280 this month.
The Banana Zone Series - SOL Buy the Dip Levels (1 of 10)Alt-season is here. BTC breakout has been confirmed. If you missed positioning for the next level of exponential moves, what are some of the buy the dip zones while still have time for the bigger moves into the banana zone.
We start the series with Solana ( CRYPTOCAP:SOL ).
As you can see in my analysis, pull backs to $202 and below is my new accumulation zone. I will initiate some leveraged longs for new trades in preparation for the moves to the banana zone in the alt season.
Not a financial advice so DYOR.
Alikze »» SOL | Bullish Flag🔍 Technical analysis: Bullish Flag
- In the last analysis presented, it was mentioned that an upward cycle is being completed.
- Currently, a cup pattern has formed on the weekly time frame after an upward rally, followed by a small valley.
- As you can see, after a zigzag correction in the liquidity zone, an ascending flag has also been formed.
- Therefore, by maintaining the area and breaking the channel, it can experience another growth equal to the height of the rising wave.
💎 Also, note that if the $100 range is broken and there is a stabilization below it, it should be re-checked and updated.
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BINANCE:SOLUSDT
TOTAL market cap chart screaming buy signalIf you're not long crypto I don't even know what the heck you're doing, if you call yourself a financial speculator...
Last time a signal fired in this timeframe it was in October 2023, at 1.15T market cap.
Upside to 5 to 9 trillion by July 2025 is in the cards.
Get long crypto!
Best of luck!
Cheers,
Ivan Labrie.
Solana (SOL)Solana needs no introduction as this coin has already proven to be on many people's popular lists. Besides its high-volume trading and great features, its technical analysis is also interesting. After Solana's upward wave finished, a corrective wave, a long one, started. Now, it seems the corrective wave has ended at 0.5 Fibonacci retracement. Also, the correction is unfolding in an inverted wedge pattern. We have to wait for the price to break this pattern upward. Let's see what happens.
Alikze »» ETH | Ascending channel🔍 Technical analysis: Ascending channel and corner alcove formation in the green support box area
- Continuing the analysis of the previous post , the Ethereum currency faced selling pressure after reaching the daily and weekly supply range.
- After the formation of a Double Top pattern, it has had a zigzag correction to the green box range.
- It is currently moving in an ascending channel, where the recent correction has intersected with the bottom of the channel and the green box.
- Therefore, I expect it to grow up to Fibo 0.78 and the dynamic trigger after the swing breaks and creates a higher LH.
- In addition, a corner pattern with higher bottoms of the ascending channel is also formed.
💎 Alternative scenario: If it fails to break the swing and does not stabilize above it, and also sharply corrects towards the green box, it is most likely that it will break it and continue correcting towards the Buyer Zone.
💎 Probable scenario: Currently, the probable scenario is the bullish scenario according to the bullish channel and also the corner pattern pattern. Therefore, after reaching the goal, the dynamic update will be done again.
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BINANCE:ETHUSDT
Alikze »» ETH | Wave 3 or rising C scenario - 8H🔍 Technical analysis: Wave 3 or rising C scenario - 8H
- According to the analysis presented in the weekly time frame, after a short growth, it has entered a corrective phase up to the green box area, so we expect it to enter an upward phase up to the dynamic trigger area.
- It is moving in an ascending channel in the 8-hour timeframe.
- The 2062 range of wave B correction is over.
- After the demand in the range of 2062, a complete movement cycle in the form of 5 waves towards the ceiling of the growth channel has continued.
- A double top has been created in the area of the channel roof, which has entered a correction phase after that.
- The corrective phase has completed a 5-wave cycle to the origin of the movement of the 2310 range.
After that, it has a three-wave pattern up and a three-wave correction that can now enter the 3-of-3 microwaves.
- In the first step, this upward cycle can continue until the supply zone (the first red box), after which it can have a short correction.
💎After that, it is expected that the big wave 3 in the middle of the channel, after a temporary correction, will enter the next bullish phase to the second red box range.
💎Therefore, the second step of the movement can have the goals of 3200 to 3500.
⚠️ In addition, in case of touching the range of 2151, the bullish scenario in the 8H time frame will be invalidated and should be reviewed and updated again. ⚠️
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KUCOIN:ETHUSDT
Solana Hits $200: What Lies Ahead for Solana Solana ( CRYPTOCAP:SOL ) has achieved a major milestone, surging past the $200 mark for the first time since April. This bullish movement follows a wave of optimism in the broader crypto market, driven by key factors both fundamental and technical. Here’s a closer look at the catalysts behind Solana’s rise and what might be in store for this high-performance blockchain.
What’s Driving Solana’s Momentum?
1. The PumFun Effect: Solana’s Meme-Coin Platform
Solana has gained traction through PumFun, a meme-coin platform that has quickly become a sensation. With over 32,000 tokens launched in a single day, PumFun’s popularity has brought substantial engagement and trading volume to the Solana ecosystem. The meme-coin trend, reminiscent of previous crypto cycles, is drawing both new and existing investors, adding fuel to the current rally.
2. Pro-Crypto Sentiment Following the U.S. Election
The U.S. election has further brightened the outlook for crypto markets. Trump’s recent victory has renewed investor hopes for pro-crypto policies, as his administration is expected to adopt a lighter regulatory approach. Given Trump’s historically positive stance on digital assets, many investors are optimistic about the future of crypto-friendly regulations, making Solana a top choice as institutional investors seek regulatory clarity.
3. SOL ETF Speculation: Could an ETF be on the Horizon?
Following the approval of Bitcoin and Ethereum ETFs, rumors are circulating about a potential Solana ETF. If launched, such an ETF could attract mainstream investors and significantly increase liquidity for SOL. This institutional support would provide Solana with the capital needed to continue its growth, pushing SOL further into the mainstream.
Technical Outlook
Solana’s price action reveals a highly bullish setup. As of this writing, SOL is up 2.53%, trading with a strong Relative Strength Index (RSI) of 73, which places it in overbought territory. While an RSI above 70 often signals overbought conditions, in a sustained rally, it can also indicate underlying strength with room for further growth.
On the daily chart, SOL’s price is moving within a rectangular pattern, fluctuating between defined support and resistance levels. If the current momentum continues, CRYPTOCAP:SOL could soon challenge the upper resistance level near $220. A breakout above this level would signal a shift in market sentiment and could pave the way for further gains.
Next Targets: Potential Pathway to $500
If Solana ( CRYPTOCAP:SOL ) can break through the $220 resistance level, analysts suggest that the next major target would be around $500. This ambitious price point reflects the fundamental growth in Solana’s ecosystem and increased investor interest, driven by the catalysts mentioned above.
The Road Ahead for Solana
Solana’s strong fundamentals, coupled with the ongoing hype around PumFun and potential regulatory shifts, create an ideal environment for further growth. As CRYPTOCAP:SOL continues to attract a broad audience and speculation over a SOL ETF grows, the blockchain’s appeal to mainstream and institutional investors becomes more likely.
However, investors should keep an eye on potential pullbacks, especially given the overbought RSI. Market corrections are a natural part of any rally, and temporary retracements may provide buying opportunities for long-term investors.
Conclusion:
Solana’s journey past $200 reflects both fundamental strength and technical promise. As long as the ecosystem continues to grow, supported by the potential for favorable regulation, Solana is well-positioned for long-term gains.