SOL AnalysisHello, I'm opening a trade long for SOL I'm expecting a breakout and I'm aiming for a quick profit of around 3% Aiming for the circled area and red line. DYORLongby TheSuccessfulOneUpdated 229
SOL analysisI'm expecting a breakout from this trendline. I will be chasing the lower trendline that can become a support. Stop loss is placed at the recent high, which I am expecting that it will be not reached.Shortby TheSuccessfulOneUpdated 448
Is SOL following the 2020 ETH fractal? SOLUSDSolana, SO FAR, has been following in the same path as ETH 2020-21. This DOESN NOT mean it will continue. It will likely deviate in it's own way but so far, it's very similar. $700 - $1000 is not too entirely off the table. $777 is my personal target. NFA. I will keep this updated as we go and will show when or if we invalidate this altogether. No panic either way. Please keep going SOL:) Longby rme564960Updated 4420
#SOLANA Breakout Now This idea is for those who own solana coin This is not advice to buy. The currency has great negative news, so it may affect the price in the future and change everything Please support the idea by pressing the like button and writing your opinion in the comment box Good luck 🌹 Longby SALAH-LHUpdated 2215
Solana - Why You NEED THIS Indicator📢COINBASE:SOLUSD SOL is flashing some bullish signs on the indicator and it seems that we're gearing up for another move towards the upside. This is the indicator that I used to call the new BTC bullish cycle in November last year, as seen below: In 3 short minutes, we'll discuss the functionality of this technical indicator and why it's really helpful when monitoring the market. Make sure you don't miss my most recent update on BTC, and why I say another ATH is imminent: ____________________________ Long03:28by CryptoCheck-Updated 118
Solana 1D , Inverted Head and ShoulderI noticed a bullish pattern , if the neck line is broken, Solana will reach 32 $by petarkisUpdated 2
Solana's Phantom Wallet Spike in Popularity, Surpasses Facebook Solana's Phantom Wallet, a popular app for accessing Solana's web3 ecosystem, has surpassed Facebook and ChatGPT in the Google Play Store's U.S. rankings. Currently ranked #11 behind Cash App and Snapchat in the free download category, it saw an estimated 770,000 downloads in April. Phantom Wallet, originally designed to hold only Solana ( CRYPTOCAP:SOL ) tokens, has since expanded to support Bitcoin, Ethereum, and Polygon. It also secured the third position in the Apple App Store's utility category, just behind Google and Google Chrome. In April, it reported over 7 million active monthly users, a sign of growing adoption. The token was trading just above $168, marking a modest 1.35% increase in the last 24 hours and a 16.9% jump over 30 days. Technical Outlook Solana ( CRYPTOCAP:SOL ) is down by 0.26% trading with a Relative Strength Index (RSI) of 54.48 which is poised for a trend reversal. Despite the token sale from FTX, Solana was able to retain the $160 support level.by DEXWireNews225
SOL Down 4% As FTX Bankruptcy Estate Concludes Solana Token SaleFTX's bankruptcy estate has completed the sale of $2.6 billion worth of Solana ( CRYPTOCAP:SOL ) tokens at significant discounts. Figure Markets and Pantera Capital were among the latest buyers, acquiring a block of 800,000 tokens for approximately $80 million, equating to about $102 per token. Solana ( CRYPTOCAP:SOL ) is down 3.3% on the day. Pantera Capital also participated in the auction, although the specific price paid remains undisclosed. Both the FTX estate and the involved firms did not immediately comment on the transactions. The liquidation of Solana ( CRYPTOCAP:SOL ) tokens has been a contentious issue in the FTX bankruptcy proceedings. While FTX creditors will receive full repayment plus interest, they will not regain their crypto assets, potentially missing out on future market gains. Earlier in May, FTX announced that the estate would have up to $16.3 billion to distribute, while it owes approximately $11 billion to over two million customers and other creditors. Pantera Capital aimed to raise $250 million to purchase Solana tokens from FTX in March, winning a batch of discounted tokens in April. Due to the token sale campaign, Solana ( CRYPTOCAP:SOL ) is down 4.54% at $168.14 with the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) showing impending bearish trend coming up.by DEXWireNews229
Solana - Bearish CampaignShort-term downside reversal in a trading range formationShortby BulletproofTraders553
SolanaAfter forming an inside bar with the previous day low, I waited for the power of 3 before kicking offLongby SkymForex1
SOL 4H - Ascending Channel, Potential Pivot to $210 & Breakout CRYPTOCAP:SOL has been respecting an ascending channel for some time. Fibonacci zones and the parallel channel show SOL respecting some demand zones. It appears SOL may be gearing up toward a new ATH. Stronger support remains around $157. I would not be surprised to see CRYPTOCAP:SOL pump with CRYPTOCAP:BTC & CRYPTOCAP:ETH towards $210, retest the $200 zone, and then break out into new all-time highs toward $270. Fundamentals remain bullish in my view. SOL has increasingly strong utility in crypto this bull run, some may anticipate a future SOL ETF approval, other leading coins are showing bullish possibilities of growth this year, and North American economies may eventually be pressured into implementing rate cuts to avoid recessionary risks. Let me know what you think!Longby MakkInvests4
SOLUSD BUYSOL/USD is approaching a pullback support level aligned with the 38.2% Fibonacci retracement. Entry point: $155.02. This level could potentially lead to a bounce toward our take profit1. Remember that cryptocurrency markets can be volatile, so always conduct your own research and consider multiple factors when making trading decisions. Longby Ink_Artist116
SOL AnalysisSOL got rejected from the topside of the diagonal movement. I'm expecting a retracement before continuing up. I'm taking this trade. My Target is the recent liquidity. Shortby TheSuccessfulOne1
SOLANA At 2:37 am today, the cryptocurrency market experienced its most catastrophic crash in history, yet it has gone largely unnoticed... for now. The silence is deceptive, as the ramifications of this event will soon resonate throughout the market, leaving no investor unscathed. The clock is ticking, and the world is about to witness a seismic shift in the crypto landscape.Shortby SkymForex0
Solusd buyBreakout to the upside, liquidity grab on the bottom and now it's going up, no more usd hikes so no surprises, bullish market structure, order book is rebalanced, reaction at the support line, Longby seanstone12240
Solana long set uphey just posting another idea for a long set up sunday morning. hopping in at 163.35. stop lost 160.55 tp top of the range. good luckLongby lobsterkiller2020
SOLUSD-DIVERGENCE ON 5-30 Minutes TimeframesNote: 2D: RTM Pattern, Solana has been Lagging behind, and today it tested the Previous 2 Days Low, small time frame especially 5 Minutes played and Buy Divergence for Early buys at the support level Expecting Solana Retracement play todayLongby Jeremiah_Capital0
$SOL where to from hereObserving a pinch between 8 EMA low and 21 EMA. Look positive but need to see it bounces off from here. Usually this run ends with a second surge lower than the first which is observed here. by Silverbullet1210
$SOL where to from hereObserving a pinch between 8 EMA low and 21 EMA. Look positive but need to see it bounces off from here. Usually this run ends with a second surge lower than the first which is observed here. by Silverbullet1211
SOLUSD-TURTLE SOUPSupport level tested 3 times and, fake out made by the current leg forming cross through the box , expecting continuation by Jeremiah_Capital0
Should You Long SOL on Solana ETF Rumors? A Deep DiveCNBC's Brian Kelly, a crypto investor and "Fast Money" trader, recently ignited a debate by suggesting Solana (SOL) could be the next cryptocurrency to get a spot exchange-traded fund (ETF) in the US. While this news might sound bullish for SOL, the decision to "go long" – meaning buying and holding for a price increase – requires careful consideration. Here's a breakdown of the factors to weigh before diving into SOL based on ETF speculation. Potential Benefits of a Solana ETF • Increased Accessibility: An ETF streamlines the process of investing in SOL. Unlike buying directly on crypto exchanges, which can be intimidating for new investors, an ETF would trade on traditional stock exchanges. This could attract a wider audience and potentially drive up demand for SOL. • Enhanced Liquidity: ETFs generally trade with higher daily volume compared to individual cryptocurrencies on exchanges. This increased liquidity could benefit SOL by making it easier to buy and sell without significant price fluctuations. • Boosted Credibility: SEC approval of a SOL ETF would provide a significant stamp of legitimacy for the project. This could attract institutional investors who are often hesitant to enter the unregulated crypto market. A potential influx of institutional money could significantly boost SOL's price. However, Don't Get Carried Away Yet • Uncertain Approval Timeline: While Kelly's prediction sparked a conversation, it's important to remember it's just speculation. The SEC has not officially confirmed plans for a Solana ETF, and the approval process could take months or even years. • Regulatory Hurdles: Just like with Ethereum ETFs, the SEC might raise concerns about potential market manipulation or the underlying technology of Solana. These hurdles could delay or even derail the approval process. • ETF Structure Matters: The devil is in the details. Not all ETFs are created equal. Some might hold actual SOL, while others might use derivative contracts. The specific structure of the proposed ETF will significantly impact your investment exposure. Alternatives to Consider • Direct SOL Purchase: If you're confident in Solana's long-term potential, buying SOL directly on a crypto exchange could be a viable option. However, ensure you understand the risks associated with managing your own crypto wallet. • Diversified Crypto Funds: Several investment funds offer exposure to a basket of cryptocurrencies, including Solana. This might be a good option for investors seeking broader diversification within the crypto market. Ultimately, the decision to "go long" SOL should be based on your individual investment goals, risk tolerance, and thorough research. Don't base your investment solely on ETF speculation. Analyze Solana's fundamentals, track its development roadmap, and stay updated on regulatory developments. Here are some additional factors to consider: • Solana's Recent Performance: While SOL has experienced significant growth in the past, its price can be volatile. Analyze its historical performance and understand the risks involved. • Competition within the Smart Contract Space: Solana faces stiff competition from established players like Ethereum and emerging projects. Research how Solana is differentiating itself and its long-term competitive advantage. • Your Investment Horizon: Are you looking for a short-term trade or a long-term investment? ETFs might be more suitable for a long-term approach, while direct crypto purchases could offer more flexibility for short-term trading (but with higher risk). Remember, investing in any cryptocurrency is inherently risky. Conduct your own due diligence and never invest more than you can afford to lose. Longby bryandowningqln0
Looking for longs on Solami CoinJust waiting for a tad bit more accumulation in this range. As referenced in the picture above. Green box = Buy breakout Red box = Sell breakout White box= Do nothingLongby jvn2_0
Bearish divergence in SOLUSDA bearish divergence is observed in SOLUSD pair in 4-hours timeframe. Previous bullish trend is reversed as new HL and LL have formed. This can be a good place to shorting.Shortby wakqas121