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SOL / WRAPPED CRO on CRONOS (0x326d947eE700bb99A952ffB2f7758bBA8BA08DF0) in USDSOL / WRAPPED CRO on CRONOS (0x326d947eE700bb99A952ffB2f7758bBA8BA08DF0) in USDSOL / WRAPPED CRO on CRONOS (0x326d947eE700bb99A952ffB2f7758bBA8BA08DF0) in USD

SOL / WRAPPED CRO on CRONOS (0x326d947eE700bb99A952ffB2f7758bBA8BA08DF0) in USD

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SOLWCRO_326D94.USD trade ideas

Solana eyes $261.60: descending triangle pattern in playSolana has triggered a descending triangle pattern with a target of $261.60 per coin. If the price reaches the breakout point of the pattern at $243 per coin, buyers are likely to step in and support the price. The pattern will remain valid as long as the price stays above $235. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:SOLUSDLong
by ThinkMarkets
SOL/USD Weekly Chart AnalysisThe SOL/USD weekly chart highlights strong bullish momentum as Solana reaches a pivotal resistance zone around its previous all-time high. While price action remains within an ascending channel, the RSI indicates overbought conditions on both daily and weekly timeframes. This suggests a critical juncture where Solana could either pull back for a healthy correction or break out if the resistance flips into support. Key Observations: 1. Ascending Channel Formation: • SOL remains confined within a well-defined ascending channel, with higher highs and higher lows indicating a long-term uptrend. • Current price action is nearing the upper boundary of the channel, where previous resistance levels may play a crucial role in dictating the next move. 2. Relative Strength Index (RSI): • RSI on the weekly timeframe has entered overbought territory (>70), reflecting strong momentum but also cautioning traders of a potential pullback. • Historically, overbought RSI conditions have coincided with local tops before corrections, warranting close monitoring for signs of weakness. 3. Key Resistance and Support Levels: • Resistance: SOL is challenging its previous all-time high near $240 - $250. This level could act as a major inflection point; a successful flip to support may signal the continuation of the uptrend. • Support: Immediate support lies at $200, with stronger levels around $160 and $130. A breakdown below these zones could jeopardize the bullish structure. 4. Volume and Momentum: • Volume has increased during upward moves, supporting the ongoing bullish trend. However, divergence between price and volume near overbought conditions could signal exhaustion. Possible Scenarios: • Bullish Case: If SOL can decisively break above the $240 - $250 resistance zone and establish support, the price could rally toward $300 or even test the upper boundary of the ascending channel around $320. • Bearish Case: Failure to break resistance or rejection at current levels may lead to a pullback toward $200 or lower. If momentum weakens, price could test $160 or the channel’s lower boundary near $130. Conclusion: SOL/USD is at a critical juncture as it approaches its previous all-time high. Overbought RSI levels suggest caution, but the potential for a breakout remains if resistance flips into support. Monitoring price action at $240 - $250 and the RSI’s response to these levels will be key to identifying the next significant move. Disclaimer: This is not financial advice. Please conduct your own analysis and consider your risk tolerance before making any trades.
BINANCE:SOLUSD
by ImmortalEmerson
SOL/USD Weekly Chart Analysis weekly chart highlights strong bullish momentum as Solana reaches a pivotal resistance zone around its previous all-time high. While price action remains within an ascending channel, the RSI indicates overbought conditions on both daily and weekly timeframes. This suggests a critical juncture where Solana could either pull back for a healthy correction or break out if the resistance flips into support. Key Observations: 1. Ascending Channel Formation: • SOL remains confined within a well-defined ascending channel, with higher highs and higher lows indicating a long-term uptrend. • Current price action is nearing the upper boundary of the channel, where previous resistance levels may play a crucial role in dictating the next move. 2. Relative Strength Index (RSI): • RSI on the weekly timeframe has entered overbought territory (>70), reflecting strong momentum but also cautioning traders of a potential pullback. • Historically, overbought RSI conditions have coincided with local tops before corrections, warranting close monitoring for signs of weakness. 3. Key Resistance and Support Levels: • Resistance: SOL is challenging its previous all-time high near $240 - $250. This level could act as a major inflection point; a successful flip to support may signal the continuation of the uptrend. • Support: Immediate support lies at $200, with stronger levels around $160 and $130. A breakdown below these zones could jeopardize the bullish structure. 4. Volume and Momentum: • Volume has increased during upward moves, supporting the ongoing bullish trend. However, divergence between price and volume near overbought conditions could signal exhaustion. Possible Scenarios: • Bullish Case: If SOL can decisively break above the $240 - $250 resistance zone and establish support, the price could rally toward $300 or even test the upper boundary of the ascending channel around $320. • Bearish Case: Failure to break resistance or rejection at current levels may lead to a pullback toward $200 or lower. If momentum weakens, price could test $160 or the channel’s lower boundary near $130. Conclusion: SOL/USD is at a critical juncture as it approaches its previous all-time high. Overbought RSI levels suggest caution, but the potential for a breakout remains if resistance flips into support. Monitoring price action at $240 - $250 and the RSI’s response to these levels will be key to identifying the next significant move. Disclaimer: This is not financial advice. Please conduct your own analysis and consider your risk tolerance before making any trades.
BINANCE:SOLUSD
by ImmortalEmerson
Solana’s Path to $500: Is It the Investment of the Year?Solana ( CRYPTOCAP:SOL ) continues to defy expectations, showcasing resilience and growth even in a volatile market. With SOL Global Investments Corp announcing plans to raise CAD 3.6 million to acquire Solana tokens, institutional interest is reaching new heights. This strategic move comes as Solana gains traction as a leading blockchain platform, further solidifying its reputation as the "Ethereum Killer." Fundamental Highlights SOL Global Investments Corp, a Canadian firm, is raising CAD 3.6 million through a private placement to bolster its digital asset portfolio, focusing heavily on Solana. The offering consists of 18 million units priced at CAD 0.20 per unit, with each unit containing one common share and half a purchase warrant exercisable at CAD 0.30. The proceeds will fund Solana token acquisitions at current market prices. This investment reflects a broader strategy by CRYPTOCAP:SOL Global to capitalize on Solana's growth potential in blockchain and digital assets. The decision underscores the increasing institutional confidence in Solana's robust ecosystem and its ability to deliver scalable, decentralized solutions. Solana’s market performance supports this optimism: - Market Cap: $112 billion, making it the 4th largest cryptocurrency. - Trading Volume: $6.63 billion, reflecting heightened liquidity. - Recent Performance: +43% over the past month, with a current price of $237. These fundamentals highlight Solana’s growing dominance in the crypto space, particularly as institutional investors like SOL Global position themselves to benefit from its upward trajectory. Technical Analysis Solana's price action suggests it’s poised for further growth. Currently trading at $237, the token shows mixed signals on the daily chart but retains an overall bullish outlook. The appearance of a doji candlestick signals indecision among traders. However, this often precedes a continuation of the prevailing trend, which in Solana’s case has been upward. Solana’s RSI stands at 70, entering overbought territory. While this suggests caution, it also indicates strong momentum that could drive the price higher. CRYPTOCAP:SOL has consistently traded above key moving averages for over a week following an extended consolidation period. This is a bullish sign, confirming the token’s breakout strength. We predict Solana (SOL) could rally towards $500 in the coming months, supported by institutional inflows and the platform’s growing ecosystem. The Broader Picture: Solana’s Ecosystem Solana ( CRYPTOCAP:SOL ) has cemented its status as a premier blockchain platform, boasting faster transaction speeds and lower costs compared to Ethereum. Its increasing adoption for decentralized applications (dApps), DeFi protocols, and NFTs highlights its utility and scalability. This narrative is further reinforced by SOL Global’s significant investment, which not only validates Solana’s potential but also sets the stage for a continued price rally. With strong fundamentals and technical indicators aligning, Solana is well-positioned to capitalize on the growing demand for blockchain solutions. Conclusion Solana’s journey to $500 may not be far-fetched. The combination of institutional backing, strong market fundamentals, and bullish technical signals suggests the blockchain is on a path to greater adoption and valuation. Will CRYPTOCAP:SOL hit $500 before Christmas? With the current momentum and growing interest, Solana might just redefine what’s possible for the crypto market this holiday season.
COINBASE:SOLUSDLong
by DEXWireNews
Solana's Rise: A Challenger to Ethereum's Throne? Solana, the high-performance blockchain, has made significant strides in the cryptocurrency market, particularly against the long-standing Ethereum. With a 70% rally against Ethereum in 2024, Solana has positioned itself as a strong contender, despite its significantly lower market capitalization. The Solana Advantage Solana's ascent can be attributed to several key factors: • High Throughput: Solana boasts impressive transaction speeds, capable of processing thousands of transactions per second. This is a significant advantage over Ethereum, which often faces scalability issues. • Low Transaction Fees: Solana's low transaction fees make it an attractive option for users, especially for smaller transactions. • Smart Contract Functionality: Solana supports smart contracts, enabling the development of decentralized applications (dApps) and other innovative projects. The Dark Cloud Over Solana's Horizon While Solana's performance has been impressive, concerns have emerged regarding the sustainability of its growth. A recent report revealed that a significant portion of Solana's record-breaking $318 billion transfer volume was driven by bots, rather than organic user activity. This raises questions about the true level of interest and adoption of the Solana network. What Does This Mean for Solana's Future? The revelation of bot-driven activity could have significant implications for Solana's future. If the network's growth is not supported by genuine user adoption, it may struggle to maintain its momentum. A decline in user interest could lead to a decrease in network activity and potentially a drop in the price of SOL. The Impact on Your Crypto Holdings As an investor, it's crucial to consider the potential impact of Solana's rise and the concerns surrounding its growth on your crypto portfolio. Here are a few things to keep in mind: • Diversification: Diversifying your portfolio across multiple cryptocurrencies can help mitigate risks. Consider investing in a mix of established cryptocurrencies like Bitcoin and Ethereum, as well as promising altcoins like Solana. • Due Diligence: Before investing in any cryptocurrency, conduct thorough research and analysis. Pay attention to factors such as the project's technology, team, community, and market sentiment. • Risk Tolerance: Assess your risk tolerance and invest accordingly. If you're comfortable with higher risk, you may consider investing in Solana. However, if you prefer a more conservative approach, it may be wise to stick with more established cryptocurrencies. • Stay Informed: Keep up-to-date with the latest news and developments in the cryptocurrency market. Follow reputable news sources and analysts to stay informed about potential risks and opportunities. Conclusion Solana's rapid rise has captured the attention of the cryptocurrency community. However, it's essential to approach this emerging blockchain with a critical eye. While its technology and performance are impressive, the concerns surrounding its growth and the potential impact of bot-driven activity cannot be ignored. As an investor, it's crucial to make informed decisions and carefully consider the risks and rewards before investing in Solana or any other cryptocurrency. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult with a qualified financial advisor before making any investment decisions.1
COINBASE:SOLUSD
by bryandowningqln
might be bullish on SolanaBeing "bullish" typically means expecting the value or usage of Solana to increase, or believing that Solana will continue to grow in terms of technology, adoption, or market performance. Here are a few reasons why someone might be bullish on Solana: Scalability and Speed: Solana is known for its high throughput, offering fast transaction speeds with low fees, making it attractive for developers looking to build decentralized applications (dApps) or DeFi protocols. Growing Ecosystem: The Solana ecosystem has seen significant growth, with many projects being built on its blockchain, from decentralized finance (DeFi) to non-fungible tokens (NFTs). Developer Support: Solana has attracted a lot of developer interest because of its robust infrastructure and developer tools, which help facilitate the building of scalable and efficient applications. Strong Partnerships and Adoption: Solana has formed various partnerships with major companies and blockchain projects, which could drive further adoption of its technology. Innovation in Consensus: Solana uses a unique Proof of History (PoH) combined with Proof of Stake (PoS), which allows for greater scalability and faster processing times compared to other blockchains like Ethereum. If you're bullish on Solana, you might be seeing these factors contributing to the future growth and success of the platform.
BINANCE:SOLUSDLong
by ilyas669
1
Fibonacci Levels Point to $428.42 for SOLUSD SOLUSD is displaying strong bullish momentum as it breaks out of a consolidation channel (highlighted in green). The price has successfully formed higher highs and higher lows, confirming a robust uptrend. The EMA Ribbon is fully aligned to the upside, with the price comfortably trading above it, acting as dynamic support. Additionally, the TSI is not only above the 0 level but also recently confirmed a bullish divergence, where the oscillator was falling while the price remained in a range. This divergence indicates a potential explosive upward movement, with room for the TSI to continue its climb. Using a historical Fibonacci extension, the next major target is 428.42 at the 1.618 extension level. If this target is reached, it would represent an 80% growth from current levels. This projection aligns with previous bullish behavior, as highlighted by the purple candles, suggesting that the current breakout could mimic past price surges. Furthermore, the Signal Builder has recently provided bullish signals in confluence with these factors. As long as the price remains above the EMA Ribbon and continues to print higher highs, SOLUSD is poised for further upside. 👨🏻‍💻💭 Are you ready to ride this bullish wave? _________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
CRYPTO:SOLUSDLong
by 3Commas
Solana Soars Close to Record: What Could Drive Prices in 2025?Crypto markets are betting big on Solana — the Ethereum rival pressed higher even as the broader digital-asset market pulled back last week. Now Solana needs a few stars to align so it could rocket to a fresh all-time high, surpassing its 2021 record of $260. And by the common consensus, record territory could be a few sessions away while a fuller, hulking dominance could be on the cards for 2025. Solana SOLUSD is on a roll. Early on Tuesday, Solana neared its record high of $260 set back in 2021 when crypto bros were going all in on their favorite coins (birthing some meme coins in the process.) The Solana token, which runs on the layer-1 blockchain of the same name, shot up to $245, staging a monster recovery from $8 a piece back in January 2023 when crypto markets were reeling from the fabulous implosion of Sam Bankman-Fried’s crypto exchange FTX and its sister company, trading house Alameda Research. (SBF was an early buyer of Solana, scooping it up for as low as 20 cents.) Now Solana is no longer associated with the fallen crypto mogul who’s serving a 25-year prison sentence. Instead, the digital coin is running free and carving out its own reputation. And fast. Almost as fast as its ability to process transactions on the blockchain. Solana is touted as a faster and cheaper alternative to Ethereum ETHUSD , the second-largest coin with a valuation of $375 billion. That’s some $260 billion more than Solana’s own market cap of about $115 billion. Still, Solana’s gains outshine these of Ethereum: Solana year-to-date gains: 142% Ethereum year-to-date gains: 40% Bitcoin year-to-date gains: 107% Solana’s performance hinges on three very different sets of circumstances: Its ability to handle the technical workload as a payment processor Its infrastructure capacity for building up various projects Its appeal as an investment asset (or why you’re here) On the first one — payment processor — Solana boasts lightning-fast transactions to the tune of 50,000 per second. Ethereum? That’s about 15 to 45 transactions per second. Visa? A wide range between 1,500 and 65,000 (depends who you’re asking.) And Bitcoin gets you about 2 to 7 transactions per second (but no one really cares about this.) With breakneck speed, Solana is shaping up as a worthy opponent to traditional payment processors, flexing high volumes in a decentralized environment. On the second one — building grounds for projects — Solana is considered the go-to place to launch meme tokens based on dogs, cats and even politicians and business people. It has been handling these pretty well, considering the massive influx of dog-themed and Elon Musk-themed tokens. On the third one — investing and trading — Solana is staring into exciting prospects for 2025. The cryptocurrency might get its own US spot exchange-traded fund soon and traders are buzzing from excitement. A Solana-based spot ETF could be a reality as soon as 2025 (most likely after Securities and Exchange Commission boss Gary Gensler gets fired.) Only two other cryptocurrencies have been granted permission to strut down the traditional ETF pathway — eleven Bitcoin ETFs and nine Ethereum ETFs . Now that Donald Trump has secured another four years in the White House, the crypto industry expects big things to come its way. The President-elect has embraced digital assets and even announced his own crypto gig — a Bitcoin strategic reserve . Which was shortly after complemented by the cost-cutting DOGE department led by Elon Musk. All in all, Washington is expected to be super friendly to crypto, especially after large industry players such as Andreessen Horowitz and Coinbase spent $135 million backing more than 50 Congress candidates, most of them winning seats. Where do you think Solana is heading next? Do you see lots of bullish momentum going into 2025? Or maybe you’re more inclined to believe it’ll come crashing down? Let us know your thoughts in the comments below!
COINBASE:SOLUSD
by TradingView
15
Analyzing Solana's Bullish Surge: Is a $250 Rally on the Horizon Solana (SOL), the high-performance blockchain platform, has recently embarked on a significant upward trajectory, surpassing the $220 resistance level. As the cryptocurrency market continues to exhibit bullish momentum, Solana's price action suggests a potential rally to the $250 mark. Key Factors Driving Solana's Rise Several key factors are contributing to Solana's bullish sentiment: 1. Enhanced Network Performance: o Solana's robust network infrastructure, capable of processing thousands of transactions per second, has attracted developers and users alike. o Recent upgrades and optimizations have further improved network performance, reducing transaction fees and latency. 2. Growing DeFi Ecosystem: o Solana's DeFi ecosystem has witnessed substantial growth, with a diverse range of decentralized applications (dApps) emerging. o Projects like Serum, Raydium, and Orca have gained significant traction, driving demand for SOL tokens. 3. Institutional Adoption: o Institutional investors are increasingly recognizing the potential of Solana as a scalable and efficient blockchain platform. o This growing institutional interest could lead to increased capital inflows and price appreciation. 4. Positive Market Sentiment: o The broader cryptocurrency market has been experiencing a period of bullish sentiment, with Bitcoin and Ethereum leading the charge. o This positive market sentiment has spilled over to altcoins like Solana, fueling its upward momentum. Technical Analysis: A Bullish Outlook From a technical perspective, Solana's price chart exhibits a bullish outlook: • Breakout Above $220: The recent breakout above the $220 resistance level is a significant bullish signal, indicating a potential shift in market sentiment. • Consolidation Phase: Solana's price is currently consolidating gains, which could be a precursor to a more substantial upward move. • Target Price of $250: The next major resistance level for Solana lies at $250. A successful break above this level could trigger a further rally. • Bullish Indicators: Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are signaling1 bullish momentum. Potential Risks and Challenges While Solana's future looks promising, it's important to acknowledge potential risks and challenges: • Network Congestion: As Solana's popularity grows, network congestion could become a concern, leading to increased transaction fees and slower processing times. • Regulatory Uncertainty: Regulatory uncertainty surrounding cryptocurrencies could impact Solana's price and adoption. • Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur without warning. Conclusion Solana's strong fundamentals, growing ecosystem, and positive market sentiment have positioned it for a potential rally to $250 and beyond. However, investors should exercise caution and conduct thorough research before making investment decisions. As with any investment, it's crucial to diversify your portfolio and manage risk effectively. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It's important to consult with a qualified financial advisor2 before making any investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
Is Solana (SOL) Poised to Reach $400 with Upcoming Breakout? Solana, the high-performance blockchain platform, has been making significant strides in the cryptocurrency market. Recent data and technical analysis suggest that SOL is poised for a significant price surge, with the potential to reach $400. Key Factors Driving Solana's Potential Breakout: 1. Network Upgrades and Scalability: o Solana has been actively working on network upgrades and scalability solutions to address the challenges faced by other blockchain platforms. o Recent improvements have significantly enhanced the network's capacity and transaction speed, making it more efficient and user-friendly. o These advancements are likely to attract more developers and users to the Solana ecosystem, driving increased demand for SOL tokens. 2. Growing DeFi Ecosystem: o Solana's DeFi ecosystem has witnessed rapid growth, with a diverse range of decentralized applications (dApps) being built on the platform. o These dApps span various sectors, including finance, gaming, and NFTs, attracting a growing user base. o As the DeFi ecosystem continues to expand, the demand for SOL tokens is likely to increase, as they are used for fees and staking. 3. Strong Community Support: o Solana has a dedicated and passionate community of developers, investors, and users. o This strong community support plays a crucial role in driving the adoption and growth of the Solana ecosystem. o Community-driven initiatives and projects contribute to the overall development and success of the platform. 4. Positive Market Sentiment: o The broader cryptocurrency market has been experiencing a positive sentiment, with Bitcoin and Ethereum leading the charge. o This positive market sentiment can spill over to other cryptocurrencies, including Solana. o As investor confidence in the cryptocurrency market grows, more capital may flow into Solana, driving up the price of SOL tokens. Technical Analysis: A Bullish Outlook Technical analysis of SOL's price chart reveals a bullish outlook. The token has formed a solid support level and is showing signs of breaking out of a consolidation phase. Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are also indicating bullish momentum. If Solana successfully breaks through the current resistance level, it could trigger a significant price surge. The next major price target for SOL is $400, which could be achieved in the near future. Potential Risks and Challenges: While Solana's future looks promising, it is important to acknowledge potential risks and challenges: • Network Congestion: As the network grows, it may face scalability issues, leading to increased transaction fees and slower processing times. • Regulatory Uncertainty: Changes in regulatory policies can impact the cryptocurrency market, including Solana. • Market Volatility: The cryptocurrency market is highly volatile, and sudden price swings can occur. Conclusion: Solana's strong fundamentals, coupled with positive market sentiment and technical analysis, suggest a bullish outlook for the token. The potential for significant price appreciation, coupled with the growing adoption of the Solana ecosystem, makes it an attractive investment opportunity for both short-term traders and long-term investors. However, as with any investment, it is crucial to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln
Is SOL about to break into price discovery?SOL is about to hit the target of $249, which we mentioned at the beginning of November. Moreover, it could enter discovery mode with the price potentially breaking above the 2021 high. The very short-term trend remains bullish, above $236 per coin, and traders not already long might buy dips starting from $243.50, targeting $250 and $260 per coin. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:SOLUSDLong
by ThinkMarkets
1
Let’s Talk About Solana (SOL/USD) – A Big Move Just HappenedThe chart shows Solana (SOL/USD) making a significant move, up 39.39% this month and trading at $234.78. Here's a closer look at the patterns, candlesticks, and potential indicators that can help stack the odds in your favor: Chart Patterns Observed 1. Falling Wedge Breakout: Solana just broke out of a falling wedge pattern—a fancy way of saying it’s been gearing up for a big move. This pattern often means the price could keep climbing, and SOL is showing strong momentum right now. 2. Previous Resistance Levels: - It smashed through the $200 resistance level, which is a great sign. That $200 zone could now act as a support if things slow down. The next major resistance appears to be near the $250–$260 zone. 3. Candles Don’t Lie: - The most recent candlestick is a bullish engulfing candle, confirming strong buyer interest - Closing near the high of the month would suggests that buyers maintained control and momentum is strong heading into the next period. Where the Chart Could Be Heading: - Bullish Scenario: If SOL sustains above $200, the breakout could push it toward $250–$260 in the near term. A stronger rally may extend toward $300 or $350, depending on volume and broader market sentiment. - Bearish Scenario: If momentum fades and it drops below $200, it could retest the wedge breakout point around $180–$190. Losing this level could bring a larger correction. *Indicators to Use for Confirmation: 1. Relative Strength Index (RSI): - Check if RSI is entering the overbought zone (70+)—this can signal when momentum may slow down or a pullback is due. 2. Volume Profile: - Confirm breakout strength by analyzing volume. Strong breakouts are supported by increased trading volume, ensuring it's not a false move. 3. Moving Averages (MA): - Add **50-day and 200-day moving averages**: - A crossover (golden cross) or price staying above these levels strengthens the bullish case. 4. MACD (Moving Average Convergence Divergence): - Look for a bullish crossover (signal line crossing above the MACD line) to confirm momentum. 5. Fibonacci Retracement Levels: - Use this tool to identify potential pullback levels and areas where price could find support or resistance. Recommendations for Decision-Making: - For Buyers: Consider waiting for a retest of the $200–$210 zone to confirm support before entering. If you're more aggressive, entering now with a stop loss below $200 could be a strategy. - For Existing Holders: Hold tight! As long as Solana stays above $200, it’s looking strong. But keep an eye on that $250–$260 area—it could face some resistance there. - Cautious Traders: Don’t feel rushed. Let the next move play out—whether it’s a pullback or another breakout. Use the indicators to confirm where things are headed. Final Thoughts: Solana's chart is showing strong bullish momentum after breaking out of a falling wedge. However, always manage your risk—crypto is volatile, and moves can reverse quickly. Stick to your strategy, and don’t chase the price if it gets overextended!
COINBASE:SOLUSDLong
by BrothersInBitcoin
SOLANA Primed for Approaching weekly Double Since 12/31/2022 Solana has followed erratically a trendline oscillating between extremes on one side of the other of that trendline. 1/3's the time on the high side of it and about 1/3 to the low side of that trendline. This week, it broke through the key barrier, the term "Double top," on the daily chart, but there is one last Double top on the weekly chart to push through. It's an all-time high. The vertical timeline shows this possibility happening around 12/31/2024 in approximately six weeks. Should Solana press through the all-time high. Fibonacci channels suggest it's not likely to stop until around $344 by March 15th, 2025 and likely climb as high as $480 by May 30 2025. Considering the Presidential euphoria in the markets. It makes sense these timelines could be cut in half on pure Hype and Euphoric FOMO
COINBASE:SOLUSDLong
by AGuyUs