Solana UP 87% - ALTSEASON upon us!📉Hi Traders, Investors and Speculators of Charts📈
Solana is up 87% in the past few weeks, and it's one of the altcoins that have seen the best gains in a 24h time frame. This is usually a good time to secure some profits.
I've been bullish on Solana and other altcoins for 2024, find the other alts I am watching here:
From here, I expect micro cap coins to start making their rallies. ARE YOU PREPARED FOR ALTSEASON 2024?
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CryptoCheck
KUCOIN:SOLUSDT
Solusdt
SOLUSD Solana target $140, Bullish Fractal Patterngiven Novogratz is dumping FTX' stash of SOL AND COINBASE lawsuit is not favorably resolved yet the upside is limited, target $140
(possibly in the next 3-6 weeks (mid Fed or Mid March)
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
Solana's 2020-23: Akin to Ethereum 2017-21, Eyes New ATHWhen we take a closer look at Solana's recent history, it's hard not to draw comparisons to Ethereum's past. The price movements seem eerily similar, and it feels like we're at a pivotal point, much like where Ethereum once found itself.
With this in mind, many in the crypto Twitter and TradingView are brimming with excitement, believing that Solana might just be gearing up for a remarkable journey towards a new all-time high in 2024.
💬 Your thoughts on this? I would love to hear your insights in the comments below!
Technicals Show SOL Investors Are at a CrossroadsIn the fast-paced world of cryptocurrency trading, BINANCE:SOLUSDT has been capturing the attention of traders on the 4-hour chart with its notable price actions and technical indicators suggesting a complex interplay of bullish and bearish sentiments.
A critical examination of the 9 EMA (Exponential Moving Average) indicates a gradual decrease from $185.97 to $183.94, suggesting that short-term momentum has been losing steam, albeit slightly. Meanwhile, the 20 EMA has seen a consistent uptrend from $176.41 to $178.40, hinting at a stronger underlying bullish sentiment over the medium term. This divergence between the 9 and 20 EMA can often indicate potential for future volatility as the market decides on a direction.
The MACD (Moving Average Convergence Divergence) values provide further insight into the market's sentiment. Initially, the MACD showed a bullish signal with a histogram value of 1.68, but this sentiment weakened over time, eventually turning bearish as indicated by the latest histogram value of -0.94. This transition suggests a shift in momentum that could lead to potential selling pressure or at least a consolidation in the near term.
The RSI (Relative Strength Index) readings have also offered a roller-coaster perspective, starting at a highly overbought level of 76.41 and descending to a more neutral stance of 55.76. This decrease in RSI points towards a cooling off of buying pressure, potentially opening the door for bears to take a short-term advantage.
When considering potential movements, traders should eye the support levels at $176.72, $159.30, and $141.17. These levels could serve as crucial junctures for SOL, where bulls might attempt to mount a defense against further declines. A bounce from these supports, especially if accompanied by increasing volumes and positive MACD and RSI shifts, could offer lucrative long entry points. Conversely, a break below these supports could validate short trade setups, aiming for lower price targets as the market sentiment sours.
The current technical analysis of the Solana price paints a picture of a market at a crossroads, with various indicators suggesting a tug-of-war between bulls and bears. Traders should keep a close eye on the mentioned support levels, along with the evolving MACD and RSI readings, to gauge potential entry and exit points for both long and short positions. As always, it's imperative for traders to approach the market with caution and conduct their own research.
Solana is set to outperform ETH during this cycleDo you see this massive Cup and Handle formation? SOL will probably flip ETH if this gets triggered!
I feel that HTX accident mangled Solana's chart, and in the absence of it, the blue line would probably held as support, which would still be incredibly bullish.
Cryptolean Solana SOL UpdateSolana dipped to below the key daily resistance zone of $144-$151 however it is back into the narrow daily range, where it has been consolidating for the last 4 days.
A daily candle closure above $151 will push Solana price towards $167 and higher.
An inability to sustain the price action above $144 will result in price declining towards $126, the key daily support.
Intraday Chart
After a quick dip earlier today, the SOLUSD intraday (4-Hour) chart is back into the bullish territory.
A bullish breakout of $152.6 resistance and a sustained price action above it in the 4-Hour chart will push #Solana price towards $164-$173.
An inability to sustain the price action above $143 could result in a slow bearish move to $134 and, possibly, lower to the key intraday support of $124,56
A dip to either $143 and a strong bullish rejection of this level will push price to $164-$173.
I will be closely watching price action with this level, as a bullish rejection could offer a long opportunity.
The SOLUSD chart is holding strong and consolidating in a narrow range which is totally normal after last days bullish extension. Once Satoshi price in BNBBTC chart will find a support and reverse, the Dollar price in BNBUSD chart will extend higher.
Like once read!
Thank you.
Solana (SOL) Faces Resistance at $190: Sell or Hold?SOL is currently grappling with resistance at $190. This price point presents a key decision point for traders and investors, with the potential for both profit-taking and further gains.
Breakout Potential:
A breakout is on the horizon. If SOL can decisively overcome the $190 hurdle, it could pave the way for a surge toward $400, another historical resistance level.
Downside Risks Remain:
The possibility of a pullback cannot be ignored. If SOL fails to breach the $190 resistance, a decline toward $155 or even lower is a potential outcome.
#SOL Elliott wave 5 scenarioIn the daily time, according to the short-term analysis mentioned in the previous post, it had a complex double correction, which ended after the completion of the 4th wave of the corrective erosion after the break of $87.5, and the current wave will be the 5th wave of this cycle, which can reach at least 100%. The range of the previous ceiling should continue to grow, and if it continues, it should be as long as wave 3. According to the current momentum, we should probably face a long upward wave, which I will update in the future.
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SOLUSDT Is it time for a correction before further growth?Hello everyone, welcome to SOLUSDT.
Currently, SOLUSDT continues to trade in an uptrend. However, the price is currently struggling with the resistance zone around $185.
Trading volume increases as resistance levels are broken, indicating that the market is ready to recognize the potential for accumulation or a potential correction. On the D1 interval, we are interested in a correction before a further upward move above $185, but we must wait for a breakout and price consolidation in this area, which will confirm the market's increased readiness for further growth.
[SOLUSDT] - Breaking out the round bottom neckline 🔥SOL looks promising in weekly chart.
Breakout a confluence resistance of the massive round bottom pattern( since 686D) &0.786fib level.
Our first target is the ATH.
Market top is X10 from here.
Don't forget to support us with your like, comment and follow for more updates 🎯
SOL/USDT - Solana: Trend Reversal◳◱ On the $SOL/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 163.02 | 181.65 | 229.29 and support near 115.38 | 86.37 | 38.73. Entering trades at 171.1 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Solana
▣ Rank: 5
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks. Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages.
◰◲ Technical Metrics :
▣ Mrkt Price: 171.1 ₮
▣ 24HVol: 1,461,279,730.244 ₮
▣ 24H Chng: 11.277%
▣ 7-Days Chng: 18.68%
▣ 1-Month Chng: 51.91%
▣ 3-Months Chng: 135.81%
◲◰ Pivot Points - Levels :
◥ Resistance: 163.02 | 181.65 | 229.29
◢ Support: 115.38 | 86.37 | 38.73
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 6.72
▣ Last 90D: 4.00
▣ Last 1-Y: 2.72
▣ Last 3-Y: 1.24
◲◰ Volatility :
▣ Last 30D: 0.71
▣ Last 90D: 0.90
▣ Last 1-Y: 0.87
▣ Last 3-Y: 1.20
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.76 - V. Bullish
▣ In-depth SOLUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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SOL USDT - SOLANA | 1H | TECHNICAL CHART Hello traders, BINANCE:SOLUSDT I have determined the formation target on the chart. I wish everyone success.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Wish you many pips
PS: Thank you very much that you support me with your likes and Comments
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
CAH target is $1B plus market cap! O_oIt's one of my best dark horse picks; I've been tracking #CAHUSDT on TTR since $.60c!
And so far, it was nothing else but success!
This is a token of the Moontropica game project
We are still holding it strong from much lower levels and not even taking a penny off, as my main target is way above $300-380.
But this coin has a high potential to hit even a MUN:10B market cap when the game is out on PC and especially for mobile devices!
So, buy and hold is the only winning strategy! So many are biting their elbows by selling it below $2, and some are still waiting for $2 to enter lmao they will never get it!
Look at this weekly bullish chart; it's just begun its run. The price should be taking a briefer at $60-80 and correct into wave 2, then it will be an unstoppable move in wave 3 of the Mega Cycle (the game launch on PC?)
solana → melikatrader94 analysis hello guys...
as you can see, Solana made a range in a lower frame! so we can expect this coin will touch the 135 area!
on the other hand, this coin has an internal trendline and it can work as a support area!
let’s see what happens when the price will touch the 135$ area!
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SOLANA!!!! Future OutlookSOLANA is showing signs of reversal with bearish weekly divergence. It already has made a cup pattern with potential downside is possible for completing the handle. Potential downside target based on fib level is between 82$ to 65$ at 50% to 60% respectively.
*******Trade Plan******
Take Entry @ Daily TF as soon as HL broke
Stop Loss @ Top
Take Profit 1 @ Fib 50%
Take Profit 2 @ Fib 60%
What do you think, will it create cup & handle?
🚧SOL is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
COINEX:LTCUSDT
😊Today, I want to analyze SOLUSDT for you in a Weekly time frame so that we can have a Mid-term view of SOLUSDT regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts).
SOL has Created a Large Rounded Bottom. This Means The Price Can Increase as Much as the Length Between The Top and The Bottom Of the Rounded Bottom. Since the rounded bottom is Not broken. The price can have a good rally after the breakout.
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- Rounded Bottom
- AB=CD
Stay awesome my friends.
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✅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!!