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Solanaanalysis

#Solana is Down 75% from April highs, SOL Support at $32Past Performance of Solana Solana is freefalling when writing, dropping 75 percent from April 2022 highs and approximately 30 percent from August highs. The liquidation at spot rates reflects determined sellers, heaping pressure on the coin in a bear breakout formation. At this pace, it is highly likely that SOL bears may unwind the relief gains from mid-June to early August. #Solana Technical Analysis Yesterday's losses reaffirm the strength of bears and the strong liquidation pressure when writing. Per the formation in the daily chart, SOL is within a bear breakout following losses on August 19. The bear engulfing bar had high trading volumes. It was a break-away candlestick signaling a shift in momentum favoring sellers and continuing the trend from early April. The immediate support line, and bear target, is at $32. Further losses could see SOL tank to 2022 lows at around $26. If sellers press on, Solana may easily break to register new 2022 lows, forcing the coin towards $22 and $16. What to Expect from #SOL? The sell-off across the board is exacerbating the situation in Solana. Combined with fundamental factors, the SOL drawdown could be accelerated. Currently, traders are watching how prices react at $32, projecting more doom if there is an effortless slide below the critical support. Resistance level to watch out for: $40 Support level to watch out for: $32 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
SOLUSDT 12h Medium-term trade - our target $79Last week, we published the idea of ​​the SOLUSDT trading pair, where we highlighted the main liquidity zones for the last 2 years. Over the past week, the SOLUSD price has been consolidating above the important price zone $30-31. Even yesterday, when they tried to spill prices in the entire cryptocurrency market, the buyers of the Solana token were able to hold the SOL price. This behavior of buyers and sellers at SOLUSDT chart price allows us to take a medium-term long position under the following conditions: Entry 33,11-33,51 Stop 27,84 TP1 - 58,80 TP2 - 78,84 By the way, yesterday we already published the conditions for the selection of two medium-term long positions: AVAXUSDT: SANDUSDT: _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Long
by P_S_trade
28
SOLUSDT 12h Solana +35% growth in 6 days and this is not the endToday we will update info about our medium-term SOLUSDT trade. After an 8-10 month downward trend, it is hard to believe in growth, but the fact is that in just 6 days the Sol price increased by 35% The first strong resistance level of $50 is very close. We assume that consolidation may begin below it before continuing the upward movement. Therefore, it is worth making a decision based on what type of trade you practice, whether the profitability is sufficient for you, how large the size of the position is, etc. At the moment, it seems logical to partially fix the profit on the long position of SOLUSD, before the levels of $50, $59 and $79 The growth pattern is relevant if, the nearest days, buyers do not allow the Solana token price to fall below $41. Subscribe to us and always receive timely updates on the technical analysis of cryptocurrencies. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Long
by P_S_trade
48
#Solana in a Rising Wedge, Primary SOL Resistance at $44Past Performance of Solana Solana might be down 75 percent from April 2022 highs but has since recovered, rallying 31 percent from 2022 lows. There are hints of strength following the rejection of lower prices on July 13. At the back of expanding trading volumes and wide-ranging prices from around a critical support trend line, SOL prices might bounce higher in the immediate term. #Solana Technical Analysis From the SOLUSDT candlestick arrangement in the daily chart, sellers have the upper hand. However, the rejection of lower prices with rising trading volumes from the support trend line at around $34 indicates strength. Technically, risk-off traders can load the dips, targeting June 2022 highs of $44. Meanwhile, conservative but bullish SOL traders can wait for a clean break above $44 before buying on dips with targets at $60. Any reversal with rising participation levels below $34 nullifies this forecast, paving the way for sellers set on retesting 2022 lows of $26. What to Expect from #SOL? Solana prices are within a rising wedge as per the formation in the daily chart. With prices reversing from a critical support trend line and bouncing from 2022 pits, prices may inch higher in the short term. Still, a clear trend definition depends on the breakout above $44 or a dump below $34. Resistance level to watch out for: $44 Support level to watch out for: $34 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
SOLUSDT 1D Buy and sales levels of Solana in the descriptionBefore you is the global chart of SOLUSDT For more than 8 months, the downtrend in SOLANA price continues, and the last 2 months the SOLUSDT price is in the lower part of the trend channel. However, it seems that there is interest in the SOLANA project and there are both large and small buyers. Buyers did not allow the SOLUSD price to fall below the liquidity area of $20-40. It was there in 2021 buyers was taken the final big long position before the pamp at x10. Targets for SOLUSDT price growth in the coming weeks: 1) $42.50 2) $60-61 3) $79-80 If you see that the SOL price is trying to stabilize below $30-31 , then place an order to buy at $23 . Of course, you have to buy SOL if you believe in the bright future of the SOLANA project and know how to use the SOL token in your deposit. (By the way, you can share your thoughts and experiences in the comments) _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
38
#Solana Revival, SOL adds 10% and Reverses from $31Past Performance of Solana Solana, like most crypto assets, is rising with the tide. At press time, SOL is up 10 percent in the last trading day but still in red week-to-date. The rejection of lower prices could signal a local bottom for the coin at around $31, flashing with last week's lows. #Solana Technical Analysis SOL is trading within a narrow range, and sellers are still in charge. However, there are encouraging higher highs with clear support at around $31, marking last week's lows. Currently, prices are recovering from the 61.8 percent Fibonacci retracement level of the June 14 to 25 bullish range. Further gains in follow-through of the June 4 bull bar may draw more buyers into the equation, possibly lifting SOL towards June 2022 highs of $43. Therefore, risk-off traders may find entries on every correction above $31, targeting $43. If not, losses below last week's lows will nullify the bullish preview, paving the way for sellers targeting $25. What to Expect from #SOL? Buyers may take charge in the short term as long as SOL prices are above last week's highs. Further confirmation of June 4 gains may see the coin float towards last month's highs. Resistance level to watch out for: $43 Support level to watch out for: $31 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Solana in Range, SOL Finds Support at $33Past Performance of Solana Solana is still in the top 10 but down eight percent on the last trading day. From the SOL candlestick arrangement in the daily chart, the coin is within a bullish breakout pattern, trading above the middle BB—a flexible resistance level. Overall, buyers appear confident even though prices are within a tight $10 range below $43. #Solana Technical Analysis After deep losses from early April, prices broke above the middle BB for the first time in over six weeks—a shot in the arm for buyers. As prices recover, buyers can add to their longs, provided prices are above the middle BB. The first target is at $43—last week's highs—and if buyers build up momentum, the coin may rally another 40 percent to retest $60—a critical reaction level in May 2022. Conversely, bears will be back in contention once there is a close below the middle BB and $33. In that case, SOL may drop to retest 2022 lows at $26 in a bear continuation pattern. What to Expect from #SOL? SOL is at around H2 2021 lows at spot rates. While SOL is firm, buyers need to break above immediate resistance levels for confirmation. Any drop below $23 may draw sellers angling for $13—or worse. Resistance level to watch out for: $43 Support level to watch out for: $33 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Pullback now completed in daily chart. will SOL test 35$ again?In the daily time frame, the pull back has completed the downtrend line and the price is expected to decrease to the $ 38 area, and from there, it will start its uptrend up to the $ 60 area by forming a double bottom pattern. My prediction is that with the price fluctuating in the range of $ 35 to $ 60, Solana will enter a triangle, which at the end of the triangle is expected to break the downtrend line to reach the important $ 80 range, which has very strong resistance. Keep in mind that all of these behaviors also depend on the price trend of bitcoin. These statements are only personal opinions and are not a signal to trade.
Short
by DarknessEmpire
2