Get started

Solusdt

📈SOL Technical Analysis: Key Resistance Breakout Expected🔑🔍Today, it's Thursday and the Solana (SOL) price on the 4-hour timeframe indicates a consolidating pattern. Over the past few days, SOL has approached the critical resistance level at $195.03. After testing this level once and then experiencing a fakeout, it retraced twice. This suggests $195.03 as a significant level, potentially marking the beginning of the next upward movement upon breakout. 📊Moreover, SOL's trading volume has decreased compared to its parabolic phase, reflecting decreased market excitement. Patiently waiting for the breakout above $195.03 is crucial for significant volumes to enter the market. 🚀Applying Fibonacci retracement tool reveals a correction to the 0.382 level, forming a range between 0.382 and 0 levels. 📈For long positions, consider entering after the breakout above $195.03, offering a favorable trigger point. If the breakout sustains without a fakeout, it could be one of the best entry points for the next upward movement. 📉As for short positions, exercising patience until SOL tests the range further, or alternatively, entering after the breakdown below $168.87, pending confirmation by the Dow Theory. ⚡️By staying vigilant and strategic, traders can capitalize on potential opportunities in SOL's price movements.
by itsparham96
2
SOLUSDT.1WReviewing the SOL/USDT chart, I'm looking at a 1-WEEK timeframe capturing SOL's price action against USDT. The use of the Ichimoku Cloud, RSI, and MACD provides a comprehensive view for technical analysis. The Ichimoku Cloud presents a bullish outlook as the price is positioned above the cloud, and the cloud itself appears to be expanding, which may indicate increasing bullish momentum. The conversion line is above the base line and the price, reinforcing this bullish sentiment. However, the lagging span is intersecting with the price action, which sometimes can precede a consolidation or a change in direction. The RSI reads above 70, hinting at overbought conditions. While this doesn't necessarily predict a reversal, it does suggest that some traders might start to consider taking profits, which could lead to a pullback. MACD shows a bullish crossover with the MACD line above the signal line, and the histogram reflects growing bullish momentum. However, I notice a decrease in the histogram's bars, which could signal that the momentum might be waning. Key resistance (R1) stands at 201.72 USDT, with a significant peak (R2) at 265.09 USDT. These levels might act as upside targets in the event of continued bullish behavior. On the downside, the first support (S1) is at 129.01 USDT, and a further substantial support (S2) is at 63.93 USDT. These would be areas where I would consider buying opportunities on dips, as long as the overall bullish structure remains intact. In my trading plan, given the current overbought RSI, I would be cautious about entering new long positions at these levels. Instead, I might look for a retest of S1 for a better risk-reward entry point. If the price sustains above R1, I would monitor for a potential breakout towards R2, keeping in mind the potential for a short-term retracement due to the overbought RSI. I would remain vigilant for any bearish signals, such as a break below the Ichimoku Cloud or a bearish MACD crossover, which could indicate a deeper correction or trend reversal. It's essential to keep an eye on the broader market sentiment and any fundamental developments that could impact SOL's price.
by MarsSignals
1
SOL - The FRACTAL you should WATCH📉Hi Traders, Investors and Speculators of Charts📈 If you've been following me for a while, you'll know that SOLANA has been on the list of my top 20 altcoins to watch in 2024. This particular fractal has played out extremely well, and we're about to move into the next phase of this fractal. Here's the original post I made in January when I first starting watching this fractal: From a technical indicator analysis, we can see that the price is still extremely bullish - but the RSI is running hot: Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 3 /pop. 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:SOLUSDT COINBASE:SOLUSD
Long
by CryptoCheck-
1
SOL - Flag pattern, next Target is $400BINANCE:SOLUSDT (4H CHART) Technical Analysis Update SOLUSDT is currently trading at $102 and showing overall bullish sentiment We have clear Flag pattern on the SOL 1D chart and currently we are seeing flag pattern breakout. If the price follows the flag pattern then next target for SOL is around 400 Entry level: $ 95-102 Stop loss level $70 Target 1: $ 127 Target 2: $188 Target 3: $250 Target 4: $320 Target 4: $400 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
2
Solana (SOL) Price Analysis: W Pattern Breakout SignalsSolana (SOL) has formed a bullish W pattern on its 4 hour chart, suggesting a potential surge to $219. The W pattern is a technical reversal pattern that indicates a bullish trend reversal. It is characterized by three consecutive troughs, with the middle trough being lower than the other two. The pattern is considered complete when the price breaks above the resistance level, which is the neckline of the W pattern. Good luck to Solana holders!
Long
by apartamenti
Solana (SOL) Technical Analysis - March 24, 2024Solana Eyes Resistance Breakout - Will Bulls Charge Towards All-Time Highs? What is Solana (SOL)? Launched in 2020, Solana is a high-performance blockchain platform designed to address scalability issues plaguing some older blockchains like Ethereum. Solana boasts fast transaction speeds and low fees, making it a viable platform for decentralized applications (dApps) and the development of Web3 technologies. SOL is the native cryptocurrency of the Solana blockchain and serves several purposes: Transaction fees: Users pay SOL to interact with the Solana network and execute transactions. Staking: SOL holders can stake their tokens to earn rewards and contribute to the security of the network. Governance: SOL holders have voting rights on proposals that shape the future of the Solana ecosystem. Solana's History and Price Performance: Developed by Anatoly Yakovenko, Solana gained significant traction in 2021 due to its focus on scalability and its position as a potential "Ethereum killer." The price of SOL skyrocketed from around $5 in early 2021 to an all-time high of $259.90 in September 2021. Since then, the market has undergone correction, but SOL remains a prominent player in the cryptocurrency space. Solana (SOL) Analysis Following a strong rally, Solana is currently undergoing a corrective phase. After more than doubling in price in under a month, SOL is consolidating its gains. Key Technical Levels: Resistance: $191.77 (critical breakout level), $208.69 (next resistance) Support: $154.44 (current support), $140.00, $125.55 All-Time High (ATH): $259.90 (reached in September 2021) All-Time Low (ATL): $0.50 (reached in April 2020) Solana's Climb and Potential Breakout: SOL faces a significant resistance barrier at $191.77. A decisive break above this level could trigger a strong upswing towards the all-time high of $259.90. Conversely, failure to breach this resistance might lead to a pullback towards the support zone around $140.00. Similar Coins to Consider: Cardano (ADA): Another smart contracts platform focused on scalability. Polkadot (DOT): A blockchain protocol facilitating communication between different blockchains. Avalanche (AVAX): A high-throughput smart contracts platform like Solana. Conclusion: Solana is at a crossroads. A successful breakout above $191.77 could reignite the bullish momentum and propel SOL towards its record highs. However, a rejection at this level indicates a potential decline. Important Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and employ proper risk management strategies before trading any cryptocurrency. Volatility Warning: The cryptocurrency market is inherently volatile. The price of Solana can fluctuate significantly in a short period.
Long
by atamq
Solana At Crossroads: Bullish Breakout or Bearish Pullback?Solana (SOL), the high-speed blockchain network, finds itself at a critical juncture, currently hovering around $172. Analysts are divided on the token's next move, with some predicting a bullish surge and others anticipating a potential correction. Bullish Trajectory: Aiming for the Stars Optimists envision a parabolic ascent for Solana. The predicted price path outlines a series of significant milestones: A. Initial Thrust : Surpassing its current resistance at $172, SOL could climb to $200. B. Breaking Barriers : Further momentum could propel the token to $260, followed by a potential retracement to $190. C. Sky's the Limit : The most bullish scenario envisions a surge beyond $500, potentially reaching a staggering $630. Second Scenario: A More Volatile Ride An alternative scenario suggests a period of heightened volatility. This path includes: A. Retesting Support : SOL might revisit the $100 price point before initiating a climb. B. Gradual Climb : The token could then experience a steadier ascent, reaching $180 followed by a pullback to $130. C. Rally and Consolidation : A potential rally towards $260 could be met with consolidation around $170. D. Long-Term Bullishness : Despite the mid-term fluctuations, this scenario also predicts a surge toward $500, with a possibility of reaching an even higher target of $800. Third Scenario: Facing the Bearish Threat A bearish scenario paints a less optimistic picture. I predict a potential drop: A. Sharp Decline : SOL could witness a significant fall, reaching as low as $70. B. Limited Recovery : A potential rebound might see the price climb back to $100, followed by a rise to $130. C. Downturn : However, this scenario concludes with a price reversal, potentially reaching $94. I advise Investors and traders to conduct thorough research and implement sound risk management strategies before making any investment decisions.
by Z4F4R
SOLANA per $1000 is real and when?SOLANA has shown its resilience and dexterity of the project creators. They managed to revive a project that seemed to have drowned along with FTX We described it in more detail here: During 2023, the SOLUSD price approached ATH in percentage terms, closer than the price of BTC. Where is the current high? - Perhaps it is already there, or perhaps there will be another attempt to make another breakout to the $148-158 range - there is a strong liquid zone there. It is worth remembering that the "large FTX stocks" are in SOL and still have to be sold off to pay off creditors. Therefore, just in case, you can and should set up buckets to buy SOLUSDT at $70-80 and $45-50. And from there, only x15-x20 growth during the next possible bull cycle will bring the coveted $1000-1100 for SOL _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
19
Market Update - March 22, 2024 BTC drops below $61K for the first time since the start of March: Investor confidence dwindled as the market saw the first consecutive negative outflow days for the Bitcoin ETFs this month, with Grayscale Bitcoin Trust (GBTC) experiencing its biggest outflow since launch of $642.5M on Monday, followed by another sizeable $443.5M outflow on Tuesday. Fed keeps interest rates unchanged: The US Federal Reserve held interest rates at the May FOMC meeting, but is still anticipating three cuts by the end of the year. This was widely celebrated by markets as the S&P 500 and Nasdaq set a new all-time high and bitcoin reclaimed $67K. Hope for ETH ETF approval by the Securities and Exchange Commission (SEC) dwindling: The price of Ether (ETH) experienced a fairly dramatic fall this week from $3.64K to as low as $3.06K on Wednesday morning. The fall was in response to a recent sentiment shift around the possible ETH ETF approval in the coming months. Recent SEC delays to proposals from VanEck, Ark, Hashdex and Grayscale, along with comments from prominent ETF analyst James Seyffart suggesting the SEC will decline these approvals, have lowered confidence among investors. SOL defies market downward trend and breaks above $200: For the first time in two years, Solana (SOL) broke above $200 this week, with analysts suggesting this could be linked to the large surge in activity on the Solana network, which has been driven by a frenzy for newly launched Solana-based memecoins. AI fascination continues as NVIDIA AI conference kicks off this week: The conference caused a short-lived rally in AI tokens, despite the overall downward market trend in the market this week, with Render (RNDR), Akash (AKT), Fetch.AI (FET) and Bittensor (TAO) all posted double-digit gains. 🌸 Topic of the Week: The Solana Blockchain 👉 Read more here
GEMINI:BTCUSD
by Gemini
Solana (SOLUSDT): Potential Long Trade SetupSolana ( BINANCE:SOLUSDT ) The Solana chart suggests a potential long trade opportunity based on several technical points: Bullish Major Channel (Main Macro Channel): The price has reached the bottom of a bullish major channel, indicating possible support. Upward Zig-Zag Movement: The presence of multiple ascending mini-channels within the main channel suggests a long-term upward trend with potential for volatility. Five-Wave Pattern Formation: The completion of waves one and two within a bullish mini-channel hints at the formation of a larger five-wave pattern, potentially leading to a price increase. Moving Average Resistance: A break above the resistance formed by the accumulation of moving averages could signal a strong upward move and a potential entry point for a long trade. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
Long
by Arash-RK
Solana - IMPORTANT Support Zone will be TESTEDHi Traders, Investors and Speculators of Charts Solana is frequently trending due to steep fees of ETH. Even after a large increase, there is still great upside potential for the future. However, for the short term, a retets of a prominent support zone is likely after a near parabolic increase on SOL. SOLUSDT is one of the altcoins I was watching for 2024 Altseason, as per previous posts in early January. ✅ 👉 Technical Indicator SHORT TERM is overbought indicating a correction is overdue 👉 Support zone at $153 is critical to hold 👉 Daily candles need to keep closing ABOVE this zone to avoid a potential H&S pattern. Overbought indicates a correction is overdue: 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 👍 KUCOIN:SOLUSDT
Short
by CryptoCheck-
1