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Solona

SasanSeifi| Will the $185 Resistance Break? Hey there, ✌In the weekly timeframe, as shown in the chart BINANCE:SOLUSDT , the price, after a prolonged consolidation phase, surged from the $30 price range with a notable upward trend, reaching as high as $200. This significant bullish movement stalled upon encountering the $200 supply zone, leading to a correction and a phase of price fluctuation. Currently, after testing the bearish order block level twice and failing to break through, the price is once again approaching this critical area. If we witness a breakout above the $185 level with weekly candle closures above it, the price could continue its upward momentum, potentially reaching higher levels such as $218 to $240. In this scenario, monitoring price reactions to these key levels can provide a better understanding of future price movements. On the other hand, if the price fails to break through the $185 level, and we receive a SELL confirmation in lower timeframes, there is a possibility of a pullback towards lower ranges like $140 to $120, which could be accompanied by further corrections. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
by SasanSeifi
Bullish Setup for $SOL After Key BreakoutBINANCE:SOLUSDT is currently approaching a key descending trendline after testing a significant supply zone (in red). The price is consolidating near this level, and we are now waiting for a potential breakout above the trendline for confirmation of further upside. Suggested Entries and Targets: Entry Zone: $162.45, watching closely for a breakout above the supply zone with confirmation on HTF. TP1: $175.54 - First target after confirmation of the breakout. TP2: $188.36 - Second target as the bullish momentum continues. TP3: $210.07 - $212.46, targeting liquidity above the next major resistance levels. SL: Below $150.44, to minimize downside risk in case of rejection at the trendline. We are looking for signs of strength at this key level. A clear breakout and retest of the trendline could signal the start of a strong bullish move. --------- As always, stick to your strategy and do your own research before any entry.
Long
by MadeByAK
4
Honestly, I don't feel like explaining, the chart says it all !!SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
6
$320's easy pickings for SOL this run but can it hit $400?The chart illustrates a strong technical setup for Solana (SOL/USDT), showing a Cup and Handle formation alongside a fractally repeating pattern with hidden divergences in the RSI. Here’s a closer look at the critical elements and price projections: 1. Fractal Pattern & Hidden Divergence • At the beginning of the chart, there’s a fractal pattern that led to a parabolic rise in price during the 2021 bull market. • The hidden divergence seen in the RSI at that time highlighted a strong bullish momentum, with price making higher lows while the RSI made lower lows. This bullish signal preceded a significant price increase, reinforcing the fractal’s reliability. 2. Cup & Handle Formation • The most notable pattern is the Cup and Handle structure, which is a highly reliable bullish continuation pattern. This is a textbook formation where the price consolidates in a rounded bottom (cup) before a smaller consolidation (handle). • Currently, the price is emerging from the handle, and if this breakout confirms, it could result in a large upward movement. 3. Hidden Divergence (Again) • In the recent price action, there’s another hidden divergence in the RSI, similar to the previous fractal. This is a strong bullish signal, suggesting the current price movement may follow a similar path as the earlier parabolic rise. 4. Fibonacci Extensions & Price Projections • Fibonacci retracement levels provide key price targets: • 90% to ATH at $260.04: This level marks the approach to Solana’s previous all-time high, which could act as significant resistance. • 140% to new ATH at $326.66: This is the projected price target for the full realization of the Cup and Handle breakout. • 200% to Cup & Handle target at $400+: The ultimate bullish target lies around $400, based on Fibonacci 1.618 extensions, aligning with a major upside projection if the breakout sustains. 5. Price Projections • Short-Term Outlook: The price is currently testing the breakout zone from the handle. If confirmed, we could see a quick move toward $260 (previous ATH). • Medium-Term Outlook: Breaking past the ATH will set the stage for the next significant resistance at $326.66 (140% extension). • Long-Term Outlook: If bullish momentum continues and the fractal plays out, a $400+ target (200% extension) is achievable in a major bull run scenario. Conclusion The Cup and Handle pattern combined with the hidden RSI divergence and fractals suggests a high-probability bullish scenario for Solana. The key levels to watch are $260, $326, and ultimately $400+. As always, confirmation of breakout volume and broader market trends will be crucial for sustaining these bullish targets.
Long
by Blockbullder
#SOL/USDT#SOL The price is moving within a descending channel pattern on a 1-day frame and is expected to reach the upper limit of the channel, which is a resistance level We have a downtrend on the RSI indicator that has been broken upwards and we have a trend to stabilize above it We have a major support level in green at a price of 120 We have a trend to stabilize above the moving average of 100, which supports the rise Entry price 150 First target 164 Second target 174 Third target 184
Long
by CryptoAnalystSignal
#SOL/USDT#SOL The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it We have a major support level in green at a price of 165.40 We have a trend to stabilize above the 100 moving average Entry price 168.74 First target 173.74 Second target 179.42 Third target 186.14
Long
by CryptoAnalystSignal
SOL's situation+next targets and expected movements.BINANCE:SOLUSDT SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
4
Sol Long The SOL/USDT pair is currently at a crucial juncture, with bulls strongly defending critical levels amidst significant reversal signals. Liquidity has been absorbed at key support, suggesting the potential for a bounce if this level holds. It is important to conduct your own research (DYOR) and remember this is not financial advice (NFA). Price Targets: Should the bounce continue, resistance can be anticipated around $150 and $170. Conversely, if the price breaks downwards, look for support near $120 and $100. Remain attentive and trade cautiously.
Long
by Kat-Crypto-Street1
8
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
SasanSeifi 💁‍♂SOL/4DAY Long-Term 🧐 Hey there,✌ Solana's price oscillated between $10 and $27 for an extended period. After breaking the long-term downtrend line, the demand for SOL increased, resulting in an upward trend for approximately 6 months. the price has ranged and accumulated volume around $100 before surging to $207. Current Movement: The price is heading towards its previous all-time high (ATH) of $259. Scenarios: 1. If the momentum weakens around $250 and is confirmed, the price may experience a correction. After a pullback, we can expect further growth in the long term. 2. If the price faces demand and breaks above the previous ATH, the first target would be the $350 price range. The chart above illustrates the possible trends and long-term targets for Solana. Long-Term Support Levels: $130 $100 (The chart is logarithmic.) Remember, this is just a technical analysis and not financial advice. Always do your research before making any investment decisions.❗❌ I hope this analysis was helpful! If you have any questions, feel free to ask.✌
Long
by SasanSeifi
TRB CAN FALL SAME AS SOLANA AND BNX DID.. Below $100Thanks for reading this update, remember that this update is not trading advice, but a chart view of what we expect. We expect that TRB is going to break down in the coming time, there is nothing riskier in trading than the fomo volume. We have added before about the increased volume since this coin is a t $48 , the most TRB Volumes that are running now are from Bika . And Bika is not a holding platform. Binance was also the top holder of BNX.. By this previous update, we did expect an increase before it happened from $48. Since today and depending on our study on this coin seems that it has a high chance of falling, we expect that it can fall below $100 The same effect that BNX and Solana have done before, this coin can do similar. Further, this coin doesn't have a maximum supply, which means there can be added unlimited new coins that can affect the price action, and the exchange that did pump this coin is known to take profit exchange. Trading TRB is very risky, it can have a time of pumping when the price time frame of increase is over, and it can enter into a fall. Our study is done with high tools, including the technical view of the coin and the data of whale transactions and volume range study.
Short
by SatochiTrader
2
ANT: POSSIBLITY TO INCREASE INTO NEW BREAKOUTBefore the FTT news, The crypto market was on a very important level to increase, and it was building for a new uptrend. This did change a lot as its unexpected news. Today we did scan the ANT coin which shows that it has the possibility to break out since it's on an important level. Know that same time it can take more time, it's more interesting to follow this period as it's on the important range. It was a time with no trading zone, but markets can change with time. Possibility targets 3.17 and 4.04 USD if there is a coming time of more trend volume power it could go to higher targets. The scan of this moment shows that this coin is interesting to follow. Same time it can take some time before this target will get confirmed.
ALong
by Goldenbreakout
3