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Solusdt

📉📈 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
Solana Surges: Can It Break Past $204 Resistance?Solana (SOL) has defied the recent crypto market slump, surging nearly 15% and reclaiming the crucial $150 resistance level. This positive momentum has analysts excited about the possibility of further gains, with $204 emerging as the next key hurdle to overcome. Breaking Through Resistance The recent SOL price increase follows a period of consolidation. After finding support around $138, Solana staged a breakout above the $150 resistance level. This bullish signal is further bolstered by the price now trading above the 100-hourly simple moving average, an indicator often used to gauge short-term momentum. Technical Analysis Paints a Bullish Picture Technical indicators on the hourly chart add weight to the bullish sentiment. The SOL/USD pair successfully breached a key bearish trend line with resistance at $148. This breakout suggests a shift in market control from sellers to buyers. Analysts believe that if SOL can maintain its position above $158, a clear path towards the $165 resistance zone opens up. Recent Developments Fueling Optimism Several recent developments are likely contributing to Solana's positive price movement. The highly anticipated launch of staking on Robinhood, a popular trading platform, has undoubtedly boosted investor confidence in SOL. Staking allows users to earn rewards for holding their crypto assets, making SOL a more attractive investment option. Furthermore, Solana's continued focus on innovation with the introduction of its new Liquidity Layer is another factor generating excitement. This layer aims to improve decentralized exchange (DEX) functionality on the Solana blockchain, potentially attracting more users and developers to the platform. Challenges on the Horizon Despite the current bullish outlook, some analysts remain cautious. Overcoming the $165 resistance level will be a significant test for SOL. If the price fails to hold above $158 and falls back below $150, it could indicate a potential reversal in the uptrend. Moreover, the broader cryptocurrency market remains volatile. A significant downturn in Bitcoin (BTC) or Ethereum (ETH), the leading cryptocurrencies, could trigger a sell-off in SOL, even if its own fundamentals remain strong. Looking Ahead Solana's recent surge is a welcome sign for investors who believe in the project's long-term potential. The successful break above $150 and the positive technical indicators suggest that the momentum is currently with the bulls. However, the $204 resistance level presents a significant challenge. Close attention should be paid to whether SOL can maintain its gains above $158 and how the broader cryptocurrency market performs. If these factors align, there's a good chance Solana could continue its upward trajectory and establish a new price floor above the current resistance level. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
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
Will Solana stay on current support?Hello everyone, let's look at the 4H SOL to USDT chart, as we can see the price is staying in the sideways trend channel marked with blue lines. Let's start by setting goals for the near future that we can include: T1 = $145.9 was rejected T2 = strong zone that effectively reverses the price from $153-$163 AND T3 = $189 Now let's move on to the stop loss in case of further market declines: SL1 = $143.4 SL2 = $133.56 SL3 = $126.48 AND SL4 = $117.53 Looking at the RSI indicator, you can see that we are moving around the middle of the range, which gives a possible move in both directions, but the STOCH indicator is moving at the lower border, which should result in an upward price rebound if the price stays at the current support.
by cryptodailyuk
1
Solana Price Puzzle: $165 Breakout or $131 Plummet?Solana is trading in the middle of the daily range zone between $131 and $165, where (1) it can move from in either direction and (2) the price action is expected to be slow and choppy. A bullish break-out of $165 will push SOL towards $205 and, possibly, higher. It is yet to make a higher high relative for the most recent swing and until then there is a a risk of bearish move towards $131 and, if broken to the downside, lower to $113.
by Trade-Lean
1
SOL can ascend further! BINANCE:SOLUSDT SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard
2
🚀🔍 SOL Long Trade Analysis 🔒💼Trade Overview: SOL appears promising for a spot long trade, being one of the fastest Layer 1 blockchain platforms. Its performance potential during the current bullish market phase is notable. Trade Setup: Entry: Consider entering the trade around $141. Take Profit: Aim for profit targets at $160 - $170 and the next resistance area at $200 - $220. Stop Loss: Place the stop loss just below $135 to manage risk effectively. 📊🔐 Exercise diligence and monitor SOL's price movement for trade execution! #SOLTrading #CryptoAnalysis 📈🌐
Long
by Richtv_official
SOL/USDT Break alert!! Potential continue upward after retesting💎 Paradisers, #SOL is indeed a coin worthy of close observation. 💎 Its successful breakout from the descending resistance is a bullish signal for SOLANA. However, there's a potential for price retracement to the demand area around $145 before resuming its upward trajectory. 💎 Confirmation of further bullish movement would require SOL to breach the bearish OB area at $176.35, potentially leading to a retest of our target strong resistance area. 💎 Should SOL fail to bounce from the demand area and instead break below it, this could indicate a continuation of the downward trend, with the next significant level of support lying in the $124 - $117 range. 💎 If SOL reaches the key support area in the future, it becomes crucial for the price to bounce from this level, as it represents a critical support zone. Failure to do so could lead to further downward momentum, confirming bearish sentiment and potentially pushing the price even lower. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
Solana (SOL) Finds Support, Eyes Return to $203 The cryptocurrency market has seen its share of volatility recently, and Solana (SOL) has been no exception. However, when we zoom out and take a look at the weekly timeframe, a clearer picture emerges. This article dives into SOL's recent price action and explores the potential for its next move. Solid Support at $149 A crucial observation from the weekly chart is the strong support level established at $149. Despite price fluctuations, SOL has managed to hold above this key area, even during periods where the price dipped momentarily below. This indicates significant buying pressure at this level, suggesting that many market participants view $149 as an attractive entry point. Range Bound The consistent bounce off the $149 support has led to the formation of a range between this level and $203. This price range reflects a period of consolidation, where buyers and sellers are temporarily reaching an equilibrium. The price action within this range suggests some indecision in the market, with neither bulls nor bears able to exert dominance. Looking Ahead: Potential Move to the Upside Given the presence of the established support level at $149, and the recent price holding within the defined range, there's a possibility that SOL might attempt a move back towards the upper range boundary of $203 in the coming days or weeks. This potential upswing could be fueled by several factors: • Increased Buying Pressure: If more buyers are attracted to SOL, particularly at current levels, it could push the price higher. This buying pressure could stem from renewed confidence in the Solana project, positive news developments, or simply technical factors related to the range itself. • Short Squeeze: If a significant number of traders are currently shorting SOL (i.e., betting on the price to decrease), a sudden shift in sentiment could lead to a short squeeze. This occurs when shorts are forced to buy back SOL to cover their positions, which can drive the price up rapidly. • Overall Market Sentiment: The broader cryptocurrency market sentiment also plays a role in SOL's price movement. If the overall market sentiment turns bullish, it could lift all cryptocurrencies, including SOL. Important Caveats While the potential for a move towards $203 exists, it's important to consider some factors that could prevent this from happening: • Failure to Hold Support: If the price breaks decisively below the $149 support level, it could signal a bearish trend and lead to further price decline. • Negative News or Events: Any negative news surrounding the Solana project or the cryptocurrency market as a whole could dampen investor sentiment and hinder a price increase. • Resistance at $203: Even if SOL reaches $203, it might face resistance at this level. Overcoming this resistance would require sufficient buying pressure to push the price through. Conclusion Solana (SOL) has found support at $149 and is currently trading within a range between $149 and $203. The coming days and weeks could see SOL attempt to move back towards the upper end of this range, potentially reaching $203. However, several factors could influence this possibility, and close attention should be paid to market sentiment, news developments, and price action around the support and resistance levels. Disclaimer: This article is for informational purposes only and should not be considered financial advice. It's crucial to conduct your own research before making any investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln