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Solusdt

Kween on SOL - AI movies next big thing?Kween AI movies as philosophical art with dark humor - next big thing? It is irresponsible to recommend the purchase of kween, I only note an exceptional chart and something new has arrived the crypto space. Worth checking out for some inspiration. If kween plays her cards right, this could be something. I don't want to call kween memecoin she is something else even though the chart is similar to a pumping meme coin. With a market cap of around 17 million, it could be a big fall or an explosion.
KLong
by TaTaTaCrypto
SOL pumping?🔼 Climb to $204.46: This level acts as a key resistance. A breakout above this confirms a bullish continuation. 🎯 Next Target at $364.43: After surpassing $204.46, the next profit target offers a 160% potential gain at $364.43. 🔴 Support Zone at $190: This level is currently holding as a strong support to prevent further downside. ⚠️ Downside Risk: Breaking below $190 could lead to a drop toward $138 or even $116. ✅ Buy Signal: If the price stabilizes above $204.46, it signals a bullish entry. 🚀 Profit Potential of 75%-160%: The chart suggests great upside opportunities if the upward trend continues. 📊 Summary: A breakout above $204 triggers a valid buy signal 🎉, but caution is needed if the price dips below $190 ⚡.
Long
by ahmadarz
5
SOLANA LOOKING ALL TIME HIGHS - SOL LONGPrice rejected strongly from the daily demand zone after running the daily swing liquidity. This move created a 4H demand zone. Following that, we saw a break of the bearish trendline, with a retest of both the trendline and the 4H demand. I entered a position during this retest, even as BTC was aggressively dumping by over $10K, which is why I couldn’t share this idea in real time. However, I am already in this trade and targeting a bare minimum of $271 as the next level.
Long
by UA_CAPITAL
Solana’s Memecoin Hub Faces UK Ban Amid Regulatory ConcernsThe Solana ecosystem has been making waves in the crypto space, not only for its technological advancements but also for its thriving memecoin market. However, recent developments surrounding **Pump Fun**, a prominent Solana-based memecoin launchpad, have sparked regulatory debates. Despite the challenges, Solana’s native token, CRYPTOCAP:SOL , demonstrates resilience in the face of adversity. Pump Fun’s UK Ban: A Regulatory Crackdown Pump Fun, a leading platform for memecoin creation and trading, has abruptly restricted access to users in the United Kingdom. This decision follows a warning from the Financial Conduct Authority (FCA), which accused the platform of operating without proper authorization under UK financial laws. Key highlights of the FCA’s concerns include: - Lack of financial authorization for services provided. - Warnings of potential risks for users engaging with Pump Fun. - A directive to the public to avoid the platform. In compliance, Pump Fun updated its terms of service and barred UK residents, marking the UK as a restricted jurisdiction. The Rise and Controversy of Pump Fun Launched in early 2024, Pump Fun quickly became a hub for Solana’s memecoin enthusiasts. - Trading Dominance: Facilitated over $250 million in token trades, capturing 62% of Solana’s decentralized exchange (DEX) transactionsfi in November. - Popular Tokens: Enabled the creation of tokens like PNUT and WIF, driving memecoin hype. - Challenges: Faced backlash for inadequate content moderation and reports of misuse of its now-disabled livestreaming feature. With its roots in the UK, Pump Fun's founders, operating under pseudonyms, have come under scrutiny. Legal experts warn that its lack of compliance with anti-money laundering regulations could result in further penalties. Solana’s Reaction: CRYPTOCAP:SOL Remains Strong Despite Pump Fun’s legal troubles, CRYPTOCAP:SOL has maintained its footing in the market. - Price Movement: As of this writing, CRYPTOCAP:SOL is trading at 1.74% up, unaffected by the negative sentiment around Pump Fun. - RSI Insights: The Relative Strength Index (RSI) at 53 suggests a balanced momentum, with neither overbought nor oversold conditions. - Bullish Pattern: A bullish engulfing candlestick on the daily chart indicates buyer interest, even in uncertain times. - Support Levels: If selling pressure increases, immediate support lies at the 61.8% Fibonacci retracement level. What’s Next for Solana and Pump Fun? Pump Fun's UK ban could set a precedent for stricter regulation of memecoin platforms, not just in the UK but globally. For CRYPTOCAP:SOL , its resilience underscores the ecosystem's ability to weather localized disruptions. However, the Solana community may need to address reputational risks tied to controversial platforms like Pump Fun. Conclusion While Pump Fun’s UK ban signals the growing scrutiny of crypto platforms, Solana's technical and fundamental strengths continue to shine. As CRYPTOCAP:SOL holds steady, this could present an opportunity for investors to consider its long-term potential amidst temporary market turbulence.
COINBASE:SOLUSDLong
by DEXWireNews
SOLANA NEXT STOP $300Solana has been outperforming ETH for a while now, not only on the charts and for investors but behind the scenes as well. Some simple price action coupled with the certainty retail traders have of SOL indicate a breakthrough of the ATH resistance, not to mention the bullish general market sentiment crypto has at the moment. I would put SOL in the top 3 at the moment with good potential. If we do see confirmation of a breakthrough, there will obviously be some relief and a pull back and likely a retest of that key level which would now be acting as a support. This is where i would expect huge influx of liquidity from retail and commercial investors to further boost SOL on its upwards cycle towards my mid term target of $300 ($308 to be precise).
COINBASE:SOLUSDLong
by h77nry
Why is SOLANA expected to reach $300 ?Hello and greetings to all the crypto enthusiasts, ✌ In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for SOLANA , 📚💡 In response to the query raised in the heading, Solana has consistently outperformed Ethereum across several critical performance metrics in recent months. This achievement is further bolstered by its highly skilled development team, which has successfully rolled out a series of strategic updates, solidifying Solana's position as a leader in blockchain technology through cutting-edge innovations. 📚✨ With its strong foundational strength, a price target of $300, reflecting a potential 27% price increase , seems entirely plausible. Additionally, technical analysis supports this optimistic outlook, suggesting that the upward trend is likely to continue. 📚🙌 🧨 Our team's main opinion is: 🧨 Solana has outpaced Ethereum in key performance metrics, backed by a skilled development team and strategic updates, positioning it as a leader in blockchain innovation. With strong fundamentals, a $300 price target and a 27% potential gain are well-supported by technical analysis, indicating continued upward momentum. Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
SOLUSDT 1H - Ascending Channel Under Selling PressureThe chart shows a sideways movement with an upward slope, within an ascending channel visible on the 1-hour timeframe. At the moment, the price is close to the dynamic support of the channel, but the indicators show selling pressure. The EMA (Exponential Moving Average) suggests dynamic resistance, with the price finding it difficult to consistently break above it. Support: $229.69 $225.00: Considered a critical support, its loss could signal a broader reversal in the short term. Resistance: $241.72 $247.00: Upper resistance on the 1H chart, coinciding with the recent top. A break of this level could propel the price towards $256.69. RSI (Relative Strength Index): Indicates selling pressure. MACD: Also presents a bearish crossover, reinforcing the sell scenario at the moment. Although the price of SOL/USDT is inside an ascending channel, the selling pressure indicated by the indicators (RSI and MACD) suggests that the price may test the supports before resuming the uptrend.
by ferulianov
SOL - Will breakout and hit new ATH in matter of days#SOL/USDT #Analysis Description --------------------------------------------------------------- + SOL is trading near the resistance zone + a minor pull back is expected before breaking out the from the resistance zone + If the price breaks out then next target is 500, 1000, 1200 --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price:230 Stop Loss: 128 ------------------------------ Target 1: 300 Target 2: 350 Target 3: 400 Target 4: 550 Target 5 700 Target 6: 900 Target 7: 1200 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 1-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
1
Alikze »» DATA | Pullback to the descending channel is brokenIn the weekly time, with the failure of the sub-swing and the exit from the descending channel, if the pullback to the green box area or completes the main swing, it will have the ability to grow up to the specified supply area. Otherwise, this correction may continue until the sub-swing area 🟩Sup:0.048 ⛳️Tp Red Box »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
3
Solana breaks from a consolidation point: analysisSolana has surpassed BNB to enter the top fifth crypto after rising over the consolidation around $230. The rise in the value of the star token, Bitcoin, helped the SOL price rise break the crucial resistance. Now that the price has initiated a huge breakout, the token is believed to maintain a steady ascending trend. However, the possibility of a bearish reversal also emerges, which could drag the levels back to $235 and levels slightly below.  The bearish activity had outpowered the Solana bulls ever since the token formed a new ATH above $264. The price dropped further and the plunge in volume prevented the bulls from lifting the levels from the interim lows. However, with the beginning of the fresh monthly trade, the bulls seem to have gained acute strength. As a result, after the current breakout, the SOL price is primed to surpass the current ATH to reach $270 shortly.  The short-term price action of Solana suggests the price has broken the upper resistance of the descending parallel channel and attracted bearish attention. However, the technicals continue to remain bullish, which suggests the price may withstand the bearish pressure and eventually enter the resistance zone between $247.09 and $250. The stochastic RSI has rebounded from the interim descensing trend, indicating the levels to remain around the upper threshold for a while. This hints towards an extended bullish consolidation that may assist the SOL price to rise above $250.  Therefore, the Solana price could reach $300 before the end of 2024, provided the upcoming weekly close needs to be above the current ATH. Otherwise, the price may remain consolidated below the ATH for a long time and just before the yearly close could validate a strong upswing. 
Long
by paul_endeo
Is Solana (SOL) Setting the Stage for a Historic All-Time High?Solana (SOL) Ignites a Bullish Fire: Is a New All-Time High Imminent? Solana (SOL), a high-performance blockchain platform, has recently showcased remarkable bullish momentum, captivating the attention of both seasoned investors and crypto enthusiasts. With a significant portion of traders holding long positions, SOL appears poised to break out of its consolidation phase and potentially reach new all-time highs. A Technical Analysis Deep Dive A closer look at SOL's technical analysis reveals a compelling bullish narrative: • Breaking the Bearish Trend: SOL has successfully broken out of a two-week descending trendline, signaling a shift in market sentiment. This bullish breakout has propelled the price towards its all-time high. • Strong Demand Zone: The price's reaction to a previously identified demand zone has further fueled the bullish momentum. This indicates strong underlying buying pressure and a potential catalyst for further price appreciation. • Key Resistance Level: The $251 level represents a crucial resistance zone. A successful breakout above this level could pave the way for a significant upside move, potentially towards the $300 or even $500 mark. However, a rejection at this level could lead to a temporary pullback or consolidation phase. Why is SOL Attracting Bullish Sentiment? Several factors are contributing to the bullish sentiment surrounding SOL: • High Performance and Scalability: Solana's innovative proof-of-history consensus mechanism enables it to process a high volume of transactions at a low cost, making it a compelling choice for developers and users alike. • Growing Ecosystem: The Solana ecosystem is rapidly expanding, with a growing number of decentralized applications (dApps) being built on the platform. This increased adoption and utility can drive demand for SOL tokens. • Institutional Interest: Institutional investors are increasingly recognizing the potential of Solana and are allocating capital to the platform. This institutional interest can provide significant support to the price of SOL. • Positive Market Sentiment: The overall bullish sentiment in the cryptocurrency market has also positively impacted SOL's price. As investor confidence grows, more capital is flowing into promising projects like Solana. The Road Ahead for SOL While the current bullish outlook for SOL is promising, it's important to remember that the cryptocurrency market is inherently volatile. Factors such as broader market trends, regulatory developments, and technological advancements can influence SOL's price. Investors should conduct thorough research and consider their risk tolerance before investing in SOL or any other cryptocurrency. It's also advisable to diversify one's portfolio and avoid putting all eggs in one basket. In conclusion, SOL's recent price action and strong technical indicators suggest a potential for significant upside. However, investors should remain cautious and monitor market developments closely. With a strong foundation, a growing ecosystem, and increasing institutional interest, SOL has the potential to continue its upward trajectory and deliver substantial returns to its holders.
COINBASE:SOLUSD
by bryandowningqln
Solana Hits Previous High And Something Else.Traders, In the same day that BTC has almost tagged 100k, Solana has hit its previous high. But there is something else showing me that Solana will have a tough time moving higher from here. It's that blue trendline. That started all the way back in mid-October of last year. Solana had remained above it until June of this year when the market could confirm that Bitcoin was going to continue its sideways to down price action until U.S. election time. The day after the election, as I expected, Solana broke its channel to the upside. It has now catapulted to its previous high on rumors of ETF filings today. But its run straight into the intersection of our blue trendline with the level of the previous high, making this area of confluence remarkably difficult for the bulls to beat. Will these ETF rumors be a sell the news event? I mean, you have to know that big money and insiders already knew. I expect them to dump on retail like they always do, take some profits, and then re-enter once retail knows they've been had again and start to fold. I can see the price coming back down to $205 or so. But Solana is white hot riding on the back of meme coins lately, so it's also possible that we just ride under the $260 price for a week or two accumulating before making any more big moves up or down. I don't have strong conviction with either option but I do believe the least likely scenario is the third option, a straight breakthrough of our previous high. ✌️ Stew
COINBASE:SOLUSDShort
by stewdamus
1
Solana's AnalysisSolana (SOL) has recently experienced significant price movements, influenced by both technical indicators and fundamental developments. Technical Charting As of December 5, 2024, SOL is trading at approximately $234.02, reflecting a slight decline from its previous close. The intraday high and low are $237.93 and $224.09, respectively. The chart indicates that SOL has been consolidating within a channel, with resistance around $245 and support near $220. A breakout above the 9-day and 21-day moving averages could propel the price toward $280, $290, and $300. Conversely, a breakdown below the channel's lower boundary may lead to declines to $185, $175, or $165. The Relative Strength Index (RSI) suggests that SOL is neither overbought nor oversold, indicating potential for upward momentum if buying pressure increases. Fundamental News Several recent developments have impacted SOL's price: Grayscale's Spot Solana ETF Filing: Grayscale Investments has applied to convert its $134 million Solana Trust into a spot ETF on NYSE Arca. This move coincided with a 6% price increase in SOL, reflecting growing institutional interest. Altcoin Season and Meme Coin Frenzy: The cryptocurrency market is experiencing an "altseason," where altcoins outperform Bitcoin. SOL has gained 40% since early November, benefiting from increased speculative interest in altcoins and meme coins. Robinhood's Addition of Solana: Robinhood Markets has expanded its cryptocurrency offerings by adding SOL for U.S. traders, increasing accessibility and potentially boosting demand. Conclusion SOL's recent price movements are supported by positive technical indicators and favorable fundamental developments. The consolidation within the current channel suggests potential for a breakout, especially with increasing institutional interest and broader market trends favoring altcoins. Traders should monitor key support and resistance levels, as well as stay informed about regulatory changes and market sentiment, to make informed decisions.
Long
by lesnermj
Target between 950$ to 2397$ ! wow"The good days of altcoins have started recently, and the fourth most famous altcoin, Solana, has not been left out. Solana, which was once trading at $0.90, is now above $200. However, this is not the end, and based on the pattern it has formed and broken upwards, Solana's first target could be around $950, with higher targets reaching up to $2397. It could easily take Ethereum's place. Low fees and high transaction speed are some of the advantages of this cryptocurrency. Do you have it in your portfolio?"
Long
by khosrooparviz
Is Solana Gearing Up for Another Rally?Since early October 2023, Solana has experienced an impressive 1,000% growth, reaching its peak on March 18, 2024. Following this significant rally, the price entered a corrective rectangle pattern, retracing 50% of the previous wave and preparing for the next upward move. After breaking out of the corrective pattern and achieving notable growth, Solana has now formed a zigzag corrective pattern. The price retraced from the 38.2% Fibonacci level, which aligns with the March 18, 2024 peak. Additionally, the price has shown a positive reaction to the midline of the ascending channel. Given this structure, it is expected that Solana will continue its upward trend and touch the upper boundary of the ascending channel. If you found this (SOL) analysis helpful, let us know by hitting the like button! 💙 Where do you think Solana is headed next? 🚀 Drop your predictions and insights in the comments section below! 👇
Long
by Market-Analyzer