SOLUSD-SHORT SOLUSD price is at a critical juncture, The recent decline in DEX trades coupled by increased failed transaction on the chain plus the bearish technical structures further consolidate a bearish picture for the coin. anticipating price to crawl back to 160.05 {fib 23.6}Shortby CryptoKalisto1
SOL/USD: Riding the Waves of Resistance with SOLANAWelcome back, crypto crusaders! Today, we're diving into the turbulent waters of SOL/USD trading with our favorite meme-like analysis. So grab your life vests and let's navigate the waves of resistance together! Right off the bat, SOL is giving us some serious déjà vu as it flirts with resistance levels that harken back to its previous all-time high (ATH). Talk about a blast from the past! But fear not, because we've got our trusty charts and Fibonacci levels to guide us through this storm. Zooming out to the monthly timeframe, we're seeing some unconfirmed structure, but the weekly suggests that resistance is looming large. However, amidst the chaos, there's a glimmer of hope – a bullish trendline on the monthly, aligning perfectly with the 615 Fibonacci level and structure. I smell a potential support zone brewing at the $100 level, assuming the price plays nice with the ATH as resistance. Cue the dramatic music! Now, here's the golden rule: Buy if and only if the structure is confirmed at the $100 level. We're talking about touching a support trendline here, folks – a break could send us spiraling down faster than you can say "crypto crash." And trust me, nobody wants to visit the dreaded $40 level! But wait, there's more! We're not just looking for confirmation of support – we're also keeping a keen eye on that pesky ATH level. If it decides to flex its resistance muscles, we might just find ourselves eyeing the $140 level as our new loading zone. Talk about a plot twist! As for our TP (take profit) level, we're setting our sights on the lofty $412.00 mark. But beware, brave traders – the ATH will be standing guard, ready to thwart any further push. Better review those lower timeframes to confirm our strategy. Remember, it's all about probability, folks – no trading advice here, just some good old-fashioned risk-taking. And hey, don't forget to stay up to date with the latest news on SOL – fundamentals are the wind beneath our trading sails! So, here's to riding the waves of resistance with SOLANA – may the memes be plentiful and the profits be ever in your favor! Keywords: SOL/USD, trading analysis, resistance levels, support zones, Fibonacci levels, bullish trendline, ATH, loading zone, take profit level, risk management, investing, trading advice, dollar-cost averaging, cryptocurrency news, meme culture.Long12:04by PlutusX0
SOLUSD POSSIBLE PENDING BUY 183.26 TO TARGET 202 :)SOLUSD is setting up for more gain this lovely Sunday Im looking for this DOWNWARD CORRECTION TREND to be broken and trade above 181.71 (DAILY RESISTANCE). That will make good SUPPORT to take SOLUSD to at list 202. At this moment in time im happy to see we creating this local SUPPORT around 178.80. As long as we hold this LEVEL, we have more chance of take this high KEY POINT -I will only buy once we BREAK DOWNWARD CORRECTION TREND -Trade above DAILY SUPPORT 181.71 Let see how this SUNDAY plays out Holla :)Longby donchichi1Updated 13
Solana Symmetrical TriangleSince the recent high on 18 Mar, SOL has made a sideways, contracting range correction. Entry could be on breach of $190.95 or use a breakout and back test of the upper trendline. Using the length of the first wave down, the measured move target is $230. Stop loss can go below $180 and still give around a 3:1 R/R setup. If it breaks down instead of up, the $130 price area may become attractive.Longby evilpancakeUpdated 1113
sol/usd buy stop and sell stop in non trending sol/usd buy stop and sell stop in non trending stop loss defined Longby TLovers2
sol/usd in sideways market level sol/usd in sideways market level buy limit and sell limit levels Longby TLovers1
The Solana wedge that set it all OFFIts a good time to be alive in the crypto market. Those who held strong and weathered the storm (thru good entry/ proper DCA and risk management/ emotional management... good job. But I truly believe (in my opinion) that the best is yet to come. Longby Eternalflow113
Sol not on the horizon.Solana is going to suffer one of the heaviest of corrections as the crypto market suffers a steep decline due to different reasons that i won't expand in here. This is a short term trade, as i still think the crypto overall could continue going higher after such correction is completed. Shortby MarketsCreatorUpdated 112
FTX Sells $1.9 Bln Worth of Locked up Solana for $64 Per CoinThe FTX estate recently sold approximately $1.9 billion worth of locked-up CRYPTOCAP:SOL tokens for $64 each. The sale involved up to 30 million CRYPTOCAP:SOL tokens that were discounted due to being locked up and will not be sellable for a while. The sale was initiated to clear the debts of the collapsed crypto exchange, FTX. This transaction led Solana ( CRYPTOCAP:SOL ) to slide to $177 per coin almost reaching the support at $173 pivot. There was a delay in the sale due to significant buyer interest, and Galaxy Trading, a subsidiary of Galaxy Digital, set up a $620 million fund to purchase FTX's discounted SOL. The FTX estate holds a total of 41 million locked-up SOL tokens valued at around $7.5 billion. Solana ( CRYPTOCAP:SOL ), the blockchain network that supports the CRYPTOCAP:SOL token, experienced a dip in price to around $10 following the collapse of FTX but has since rebounded. As of 1 p.m. Eastern Time, the token traded for $177.2 with a nearly 7% decrease in the last 24 hours. Investors have been interested in FTX's Solana holdings since the exchange's collapse in November 2022. Solana made up the largest percentage of FTX's digital asset holdings, followed by bitcoin, ether, and the Aptos blockchain native token APT. Neptune Digital previously bought 26,964 CRYPTOCAP:SOL at $64 each for $1.73 million, with 20% of the tokens unlocking in March 2025. Pantera also established a $250 million fund in March to purchase the discounted Solana of the FTX estate. According to CoinGecko Research, Solana ( CRYPTOCAP:SOL ) is the most popular blockchain of the year so far, largely due to meme coins. As of now, Solana's market capitalization stands at $76.9 billion, making it the fifth largest cryptocurrency by that metric, according to The Block prices.Longby DEXWireNews116
Current look on SolanaUptrend and downtrend fibo channels can be seen in the chart. There are three possible scenarios that must be followed according to the monthly closes. Right now price is in the uptrend support. If this line breaks this month and holds under, it could be a disaster for Solana. But no proper retest of the upper uptrend fibo channel line may suggest price going up in the upcoming months for retesting.by EmrahAUpdated 113
Solana 🔽Hi, friends! 🫶Solana, with its recent price action, presents a compelling opportunity for short-term trading strategies. With its strong fundamentals and growing ecosystem, Solana has garnered attention as a promising blockchain platform. However, in the short term, market dynamics indicate potential downward movements, offering traders a chance to capitalize on price fluctuations. 😊 ▶️Opening the position at levels 188-190 📈 ✔️Taking profit at level 177 💰 ✖️Stop loss above 198 ⛔️ These are just my thoughts, and the decision to enter the trade is up to You. 🤔 Sincerely yours, Kateryna💙💙 Shortby RocketBombUpdated 242434
Solana targets for the weekend. Solana is making a bull flag, which will lead to an explosive move soon. Black lines are TP targets, TP your trade partially. Wish you good luck. Longby Rendon14411
SOLANA BUY ALERT!! 30% - 35% Gain! (Dont miss out!)Looking for Solana to trigger the sell stop order, this mean, people who have orders below or @ that level will think "support is broken, we're bearish" when in reality, we just want take their money. I am aiming for $155 - $155.20 to buy. Best case is to enter a bit early such as $156 - $157 just to make sure you are actually in. This is to reach new highs on the recent time frame and ATH over time. Longby Waddl3117
solana /usd crypto bearish trendsol/usd trendline bearish entry at 182.11 and stop loss 185.58.take profit in bearish trendLongby TLovers0
Why Solana Could Boom in the World of dApps! I am bullish on Solana's future due to its potential dominance in the dApp space. Here's a breakdown of the key points and some additional considerations: Key Points: • dApp Growth: Solana's fast transaction speeds and low fees make it attractive for developers building dApps. • Potential Price Increase: Increased demand for SOL tokens due to dApp development could drive up the price. • Strong Contender: Solana's performance suggests it could be a major player in the dApp market. • Call to Action: I would consider to buy SOL tokens (long SOL) to potentially profit from this growth. Additional Considerations: • Technology Risk: While Solana's technology is promising, it's still relatively new and evolving. There could be unforeseen technical challenges. • Competition: The dApp market is competitive with other platforms like Ethereum. Solana's success depends on attracting developers and users. • Investment Risk: Cryptocurrencies are volatile, and there's no guarantee SOL will increase in value. Before Investing: • Research Solana's technology and its competition in the dApp space. • Understand the risks involved in cryptocurrency investments. • Only invest what you can afford to lose. Overall: This idea highlights Solana's potential as a dApp platform, but be aware of the associated risks. Do your own research before investing and prioritize a long-term strategy over short-term hype. Consider consulting a financial advisor for personalized guidance. Longby bryandowningqln2
Solana: Completion of Wave (2) and Long-Term OutlookSolana presents the scenario we've been discussing for some time now. We might already be seeing the completion of Wave (2), with our entry point around $81. Since then, Solana has surged by 42%. However, we're still considering the possibility of an extended Wave (2) correction, now shaping into a flat structure. On closer examination, the recent upward movement appears to be in three parts. While it's possible to further develop Waves 3 and 4, creating a 5-wave structure, surpassing the $144 mark is crucial to definitively exclude the short-term bearish scenario. There's some leeway with overshoots; a temporary spike (wick) doesn’t necessarily invalidate the ABC scenario. However, a sustained move beyond that would.Longby stromm_by_wmcUpdated 4423
(SOL/USD) Analysis: Deciphering the Downtrend Amid Mixed SignalThe digital asset Solana (SOL/USD) is exhibiting bearish tendencies in its market behavior, as demonstrated by a comprehensive analysis of various technical indicators on the daily chart. Currently priced at $175.30, the asset has witnessed a 4.81% decline, signaling a potential strategic juncture for traders and investors alike. Price Trajectory and Moving Averages: Solana’s price has retreated from its peak, with immediate trading below short-term moving averages (10, 20, and 30-day), which aligns with a bearish outlook. However, the longer-term averages (50, 100, and 200-day) are suggestive of possible support levels, indicating a bullish undertone that may unfold over an extended period. Momentum Indicators: • The MACD reveals a bearish divergence, corroborated by a downward cross below the signal line. • The Momentum indicator reflects negative momentum, bolstering the bearish scenario. Volume and Volatility Indicators: • The absence of notable volume divergence suggests that the price movement is not yet accompanied by a significant shift in trading activity. • Volatility assessments are inconclusive from the data provided but should be monitored given the asset’s historical price action. Oscillator Insights: • The RSI hovers at a neutral 49.76, offering no definitive sentiment bias. • The Stochastic %K and the Ultimate Oscillator further reinforce this neutrality. Support and Resistance Considerations: • Fibonacci retracement levels pinpoint a critical support zone around the 61.8% level. A decisive move below could steer the asset toward the 78.6% retracement, whereas resistance is currently positioned at the 23.6% level. • Pivot point analysis highlights the immediate resistance at 238.23, with further resistance potential at 274.02 and 373.92. Support levels at 138.33 and 74.22 suggest thresholds where buying interest may re-emerge. Sentiment Indicators: • The Williams Percent Range and the Commodity Channel Index straddle the neutral zone, proposing a wait-and-see approach. • The Average Directional Index’s reading is indicative of a weak prevailing trend, hinting at a potential market in transition. Concluding Thoughts: The prevailing technical analysis for Solana points towards a bearish phase in the short term, coupled with a complex interplay of neutral signals from key oscillators. While the divergence in the short and long-term moving averages presents a challenging scenario, the neutral indicators could signal a potential for trend reversal or stabilization. Traders should exercise caution, paying close attention to volume changes, pivot points, and Fibonacci levels for indications of future movements. It is recommended to consider this analysis in the context of a broader market overview and incorporate sound risk management strategies in any trading decisions. This analysis is provided for informational purposes only and does not constitute investment advice.Shortby AxiomEx113
SOL FUD FUNAhhh many thanks to the SOL fudders we have some great buying ops for sol before moonshot! DUNE came out with a report that a whopping 75% transactions fail on SOL chain :) Right… I can tell you from my experience - trading mostly on JUP that once in a while - mostly right after a launched coin or airdrop - there can be some congestion. JUP pre tests every transaction so you proceed only when certain of validity of transaction. I wouldn’t call this a fail. I would call it a win. That said most of the transactions that I make go through I’d say about 99% oh, it’s obvious why there is so much interest in bringing down SOLANA. Success has been great, and there is only more astronomical growth on the horizon. I take these opportunities to load up some more. If SOL can continue on its path it will easily be hitting 500-1k levels possibly before the end of this cycle. Do your own research this in not financial advice. Good luck! Longby cryptoseedjohnny0
SOL/USD - SWING BUY OPPORTUNITYSOLANA is an awesome L2 blockchain/ crypto with plenty of future growth and potential. One of its key features I personally love is the speed at which it processes transactions, developer growth, its ease of use for developers and the whole ecosystem in itself. Yes there are other major players out there too, but for me, SOLANA is an awesome crypto with great future prospects. I personally see this crypto to thrive in the near future and expect to see its price grow substantially/ organic growth is what I expect from this awesome coin. I can definitely see SOLANA surpassing its ATH in the future. So here's my personal view on Solana. At its current price area, to grow organically and make its way up to its ATH. Along the way up, expect to see pullbacks (if price does dip back down to $30 or $20 area, I would DCA! I hope to see this coin thrive in the future. Todays price is not tomorrows Price! The future is Blockchain! Happy trading lovely people. Stay safe. Disclaimer: Crypto is highly volatile and risky, you may lose all your investments and not see any returns, please invest at your own risk! Longby PathaanKhanUpdated 8831
Best SOL priceI believe Solana is ready for another breakout but first i think it drops to support @ $180 going to be waiting. If it does hit, next support level we're watching is $167. What are some good Solana projects you're watching?Longby forstockzonly1
Solana On The Way Towards All-Time Highs?Solana with ticker SOLUSD remains nicely bullish as expected from technical point of view and from Elliott wave perspective. Looks like it's still trading in an extended wave »v« of 3 with room for more gains, maybe even straight back to all-time highs. Currently we are tracking a lower degree consolidation within a bullish triangle pattern for subwave iv that can send the price higher for wave v of (iii).Longby ew-forecast2211
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Solana holds $180 area support strongETF price crash had already hit luckily it doesn’t look that bad & solana had found its footing Made support around $162-$180 area such a huge move for solana to keep the bulls steady. Does it mean $300 next ( that’s a maybe) let me tell you why; so solana has to bullish move upwards and play around the resistance which is around $190-$199 area .. so in order for solana to break above 200$ is to breakout above $185-$190 area and form a minimum consolidation to breakout bullish even more. Solana had already made some corrections but there’s no way solana will drop a lot more below $185-$162 area if that happens then solana will collapse , bitcoin , Ethereum , Dogecoin & XRP will follow along. All those cryptos are doing the same momentum as solana but different way to breakout the bulls to free away from the resistance pressure. Can bulls can do it ? I bet they can. It’s still in a good buy position I’ll keep it long and simple and pay attention any spikes reversal. I’ll buy solana around $185 area and profit take $195-$205 area as a simple long-ish short buy. If going big then take profit at the recent ATH $260 or new high around $300 area. Solana will be going slow and steady but pay attention to the spikes Longby JoyBoyVegae4