SOL | Waiting on ETH for NEW ATHSolana has barely made a new ATH - basically topping out at nearly the exact same place as the previous ATH made in Nov 2021.
As Ii said in yesterdays update on ETH, there is no way BTC makes such a dramatic new ATH and ETH (and Solana) stay behind.
We can expect SOL and ETH to increase when BTC continues to trade range above 95k. This could be another multi-month playout, although ETH usually peaks rapidly at the end of the cycle, which is noteworthy from yesterday's analysis.
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BINANCE:SOLUSDT COINBASE:BTCUSD
Solanausdt
SOLANA - how far will it drop? Waiting for a re-entry to buyAs expected the price bit the sell block around $220 and started to come down. The daily candled reached the previous week high, rolled back down, closed below the previous month mid, closed below previous week mid and closed below $202 which was the strong resistance line in March 2024).
Daily MACD almost entered the bull zone and both RSI and Stochastic are rolling downwards. The price will likely drop to the previous week low at $186 and if it doesn't rebounce there the next stop will be the previous month low at $174.
My general bias for Solana is bullish so I am only waiting for an opportunity for re-entry to buy. It is such a volatile market that I will make a trading decision based on momentum indicators and key support/resistance levels in the weekly and daily timeframes.
Breaking: ALCH Surges 34% on Binance Futures ListingThe cryptocurrency market has witnessed a significant boost in activity following Binance Futures’ recent announcement of perpetual contracts for ALCH, COOKIE, and SWARM. Among these, $ALCH has captured the spotlight, surging by 34% in response to the listing. This development marks a pivotal moment for the token, which has shown potential for sustained bullish momentum.
Binance Futures Listing
On January 7, Binance Futures launched USD-margined perpetual contracts for ALCH, COOKIE, and SWARM, with up to 75x leverage. ALCH’s listing, scheduled for 11:45 UTC, has amplified its market visibility and attracted a surge of interest from traders and investors alike. The listing is part of Binance’s strategy to support market growth and enhance trading opportunities for these assets.
The increased visibility has driven $ALCH’s price to $0.22, up nearly 35% today, with a 24-hour high of $0.222. The token’s performance underscores the influence of Binance’s colossal user base and the growing demand for leveraged trading opportunities.
Whale Activity and Market Sentiment
Recent whale movements have added another layer of intrigue to the market. Data from Lookonchain reveals that significant buying and selling activity has surrounded these tokens, particularly SWARM. While one whale offloaded 4.5 million tokens following the listing announcement, another was observed purchasing substantial amounts. Although this activity has raised some uncertainty, it has not deterred bullish sentiment for $ALCH.
Technical Analysis
From a technical perspective, $ALCH is currently trading within a bullish trend, supported by an RSI of 70, signaling an overbought condition. However, for $ALCH, this often translates to a continued surge, with the potential to break past its all-time high and 1-month high resistance levels.
The price chart exhibits a classic consolidation pattern within a rectangular zone over the past month. The token is now on the verge of breaking above its resistance point, which could trigger a bullish breakout. If $ALCH surpasses this pivot level, it may enter an extended bullish stint, potentially setting new price records.
In the event of a correction, $ALCH could retrace to the lower baseline of the consolidation zone. This level, however, would serve as a critical entry point for investors and traders seeking to capitalize on future gains.
A Promising Future
The fundamentals of $ALCH have also contributed to its recent success. As one of the tokens supported by Binance Futures, $ALCH benefits from enhanced liquidity and exposure to a broader audience. The introduction of perpetual contracts not only facilitates diverse trading strategies but also reinforces the token’s utility and appeal.
Binance’s track record of supporting tokens like DOGE, SHIB, and PEPE has instilled confidence in $ALCH’s long-term prospects. Market participants are optimistic that $ALCH will follow a similar trajectory, potentially achieving further price gains and cementing its position in the market.
Conclusion
The Binance Futures listing has positioned $ALCH for significant growth, as evidenced by its 34% surge. With a strong technical setup and robust fundamental support, the token is poised to break past its resistance levels and achieve new highs. However, investors should remain vigilant for potential corrections, which could present lucrative entry opportunities.
As $ALCH continues to gain traction, its future performance will likely depend on market conditions, trading activity, and broader industry developments. For now, $ALCH remains a token to watch, with the potential to deliver substantial returns for investors.
SOL - SECRET PATTERN That Nobody Is Talking AboutMartyBoots here , I have been trading for 17 years and sharing my thoughts on SOL here.
SOL is looking beautiful , very strong chart but is into double top.
Very similar to LTC when it crashed in the last cycle
Do not miss this important video on SOL as this is a great opportunity
The bull market is very short and we need to make the most of it
Watch video for more details
SOLANA - 900% profit?main idea:
An upward momentum is forming.
At the moment we are in the corrective 4 wave, if we look at the daily candlestick signal, we can assume that we have completed it.
Further I expect growth and formation of the 5th wave, which completes the whole impulse.
The growth target is the area of 656.00 - 1380.00$.
In percentage ratio 400 - 900%. Quite impressive figures.
I'm going in to buy.
I'm targeting maximum targets
As it approaches the designated area, I will keep a close eye on it, so as not to miss the reversal and fix the profit.
Stop - below 121.81
SL/TP ratio - 1/70.
P.S. - who is with me, click on the rocket and subscribe.
BUY BTC at 100k in next 12 hours !! once again Fibonacci retracement showing a reversal to 100095 USDT BINANCE:BTCUSDT .
and here im not suggesting to short the market but just wait till 100k and then just long your positions. once again not a financial advice and do your own research before just blindly accepting my so called predictions. (typing to do this all DYOR and NFA so you dont get trapped in a FOMO
SOL/USD "Solana vs USD" Crypto Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the SOL/USD "Solana vs USD" Crypto market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade at anypoint,
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level.
Goal 🎯: 250.00
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
Based on the fundamental analysis, I would conclude that the SOL/USD (Solana/US Dollar) pair is: Bullish
Reasons:
Growing adoption and usage: Solana's blockchain platform is gaining traction, with an increasing number of projects and applications being built on top of it.
Technological advancements: Solana's technology is continuously improving, with recent updates and upgrades enhancing the network's scalability, security, and usability.
Partnerships and collaborations: Solana has formed partnerships with several prominent companies and organizations, including Serum, Raydium, and Audius, which is expected to drive adoption and growth.
Increasing developer activity: The number of developers building on Solana is increasing, with a growing number of GitHub repositories and commits, indicating a strong and active developer community.
Improving fundamentals: Solana's fundamentals, such as its transaction volume, active addresses, and network hash rate, are improving, indicating a growing and healthy network.
However, it's essential to consider the following risks:
Market volatility: The cryptocurrency market is known for its volatility, and SOL/USD is no exception. Price fluctuations can be significant and unpredictable.
Competition from other blockchain platforms: Solana faces competition from other blockchain platforms, such as Ethereum and Binance Smart Chain, which could potentially impact its adoption and growth.
Regulatory uncertainty: The regulatory environment for cryptocurrencies is still uncertain and evolving, which could impact Solana's growth and adoption.
Bullish Scenario:
Growing adoption and usage, technological advancements, and partnerships drive up demand and price
Increasing developer activity and improving fundamentals support the bullish case
Key Fundamental Indicators:
Solana's transaction volume: 100,000 transactions per day
Solana's active addresses: 10,000 active addresses
Solana's network hash rate: 100 GH/s
Solana's GitHub repositories: 100 repositories
Solana's GitHub commits: 1,000 commits
Market Sentiment:
Bullish sentiment: 80%
Bearish sentiment: 20%
Neutral sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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I'll see you soon with another heist plan, so stay tuned 🫂
Solana Nears $220, ETF Approval Hopes Spark Optimism
Solana (SOL), a prominent player in the blockchain arena, has been exhibiting a strong upward trajectory, nearing the $220 price mark. This surge in value is fueled by a renewed sense of optimism sweeping through the cryptocurrency market, largely driven by growing anticipation surrounding the potential approval of a spot Bitcoin Exchange Traded Fund (ETF) in the United States. While not directly related to Solana's technology, the potential approval of a Bitcoin ETF has a ripple effect across the entire crypto ecosystem, bolstering investor confidence and driving capital into the market. This article explores the factors contributing to Solana’s recent performance and the broader implications of the ETF narrative.
The ETF Effect: A Catalyst for Crypto
The prospect of a spot Bitcoin ETF has been a long-awaited development in the crypto space. Unlike futures-based ETFs, a spot Bitcoin ETF would directly hold Bitcoin, providing investors with a more direct and regulated way to gain exposure to the cryptocurrency. This distinction is crucial, as it opens the door for institutional investors and traditional finance players who have been hesitant to engage with the crypto market due to regulatory uncertainties and the complexities of direct ownership.
The potential approval of a spot Bitcoin ETF is perceived as a significant step towards mainstream adoption of cryptocurrencies. It would provide a regulated and accessible investment vehicle, potentially attracting a massive influx of capital from traditional markets. This influx is expected to have a positive impact on the entire crypto market, including altcoins like Solana. The anticipation of this event is currently acting as a catalyst, driving positive sentiment and contributing to the recent price surge observed across various cryptocurrencies.
Solana's Resurgence: Beyond the ETF Hype
While the ETF narrative plays a significant role in the current market sentiment, Solana’s own developments and ecosystem growth are also contributing to its positive performance. Solana has positioned itself as a high-performance blockchain, known for its fast transaction speeds and low fees. These features have attracted a growing number of developers and projects to its platform, leading to a vibrant ecosystem of decentralized applications (dApps) and non-fungible tokens (NFTs).
The Solana ecosystem has seen consistent growth in various sectors, including decentralized finance (DeFi), gaming, and NFTs. New projects are constantly launching on the Solana blockchain, contributing to its overall network activity and attracting new users. This organic growth within the Solana ecosystem further strengthens its value proposition and attracts investor interest.
Furthermore, the Solana network has been actively addressing past challenges related to network stability and outages. These efforts to improve the network’s reliability have instilled greater confidence in the platform’s long-term viability. Addressing these issues has been crucial in regaining trust within the community and attracting new investors.
Technical Analysis and Market Dynamics
From a technical analysis perspective, Solana’s recent price action has been encouraging. The cryptocurrency has broken through key resistance levels, indicating strong buying pressure. This positive price movement, coupled with increasing trading volume, suggests a growing interest in Solana from both retail and institutional investors.
The overall market dynamics are also playing a role in Solana’s performance. The cryptocurrency market is known for its interconnectedness, with Bitcoin often acting as a leading indicator. When Bitcoin experiences positive price movement, it tends to have a ripple effect on the rest of the market, including altcoins like Solana. The current positive momentum in the broader market is thus contributing to Solana’s upward trajectory.
Challenges and Future Outlook
Despite the current optimism, it’s important to acknowledge potential challenges that Solana may face. The cryptocurrency market remains highly volatile, and sudden price swings are always a possibility. Regulatory developments, technological advancements in competing blockchains, and shifts in market sentiment can all impact Solana’s future performance.
However, the long-term outlook for Solana remains positive. The platform’s strong technological foundation, growing ecosystem, and increasing adoption suggest that it has the potential to become a major player in the blockchain space. The potential approval of a spot Bitcoin ETF could further accelerate this growth by bringing more institutional capital into the market and increasing mainstream awareness of cryptocurrencies.
Conclusion
Solana’s recent surge towards the $220 mark is driven by a combination of factors, including the broader market optimism fueled by ETF hopes and the platform’s own ecosystem growth. While the ETF narrative provides a significant boost to the entire crypto market, Solana’s technological advancements and expanding ecosystem are also playing a crucial role in its positive performance. While challenges remain, the future looks promising for Solana as it continues to develop and attract new users and projects to its platform. The potential approval of a spot Bitcoin ETF could be a game-changer for the entire crypto industry, and Solana is well-positioned to benefit from this potential shift in the market landscape.
UpdaSolana Ute on Solana - Breakout Has Happened! Where To Next?👀 👉 As highlighted in yesterday's video, we can now observe that Solana has broken structure to the upside on the 4-hour timeframe. This move is unfolding as anticipated, and I’m currently watching for a retracement into the 50-61.8% Fibonacci zone for a potential buy setup. Any buy decision will depend on price action aligning with the analysis discussed in the video. Please note, this is not financial advice. 📉✅
SOL 4H Chart Insights: Solana on the Verge of a Move!👀👉 On the 4-hour chart, Solana appears to be trading within a defined range for now, offering no immediate trade opportunities. However, a closer analysis reveals that a market structure breakout in either direction is imminent. When this occurs, it could present a promising opportunity to profit from the breakout. I’m monitoring this setup closely and will provide updates in future videos as we move into 2025. Please note, this content is for educational purposes only and should not be interpreted as financial advice. 📉✅
Solana , cup & handle BOIt seems like SOL is making an effort to gain momentum, but there are still many buyers from November 2021 who are stuck.
It’s essential to let the price absorb all the supply near the resistance level, and then look for a solid breakout above 268 with good volume on the weekly timeframe.
The chart is indicating a cup and handle formation, so the stop loss should be set at the low of the handle, which is around a strong close below 106.
I do use logarithmic charts, so the long position might look like 1:1 RR, but it's actually 1:5 RR.
Remember to do your own research before investing.
Is Solana recent rebound may trigger a full-scale bullrun?The SOL price faced a decent pullback that ousted the token from the top 5 cryptos as per the market capitalisation. However, the token is expected to revive a strong bullish action as it has entered the bullish range after triggering a rebound from the pivotal support. Therefore, this suggests the price is gearing up for another ascending price action towards new highs.
The recent rebound from the crucial support at the 200-day EMA suggests the bulls have become active as they prevent the token from excess price drain. Meanwhile, the RSI has triggered a rebound after reaching the lower threshold, which may further keep up the momentum of the rally. However, the volume has dropped to a large extent which may raise some concerns over the next price action.
After the rebound, the SOL price has entered within the bullish range, above the ascending trend line, which has been acting as strong support. Unless and until the price remains above the range, the probability of an extended ascending trend remains higher. In case of a bearish pullback, the 200-day EMA may offer a strong base and trigger a strong rebound. Now that the Solana (SOL) price has rebounded from a support confluence, the trend is expected to remain elevated and reclaim the levels at $300 in the first few days of 2025.
SOLUSDT - Will this nightmare come true?On October 22, I published this chart, and many were skeptical about what I was talking about.
"I share it and u can check the link i left in attachment."
Now, this scenario is highly likely, and everything is unfolding as shown in the chart below.
You can clearly see the Wyckoff Distribution pattern already formed, and so far, price movements align significantly with the illustration provided.
Currently, the price has returned to the distribution zone, hitting the "failed rally point"
. All of this appears to have been a trap.
And why not?... SOL is one of the largest coins in the market by market cap. Everyone is expecting SOL to achieve x3 or even x10. This makes it entirely logical for the price not to move higher amidst this level of optimism.
I’m not entirely pessimistic, but I view things from a purely logical perspective.
This pattern is not yet confirmed—we need a massive red candle closing below the distribution zone to confirm it. However, the price movement so far is perfectly aligned with the Wyckoff Distribution logic.
If a close below this red zone happens, consider it a signal to exit the market entirely."
SOL/USDT: Are We Heading for a Breakdown or a Massive Rebound?Yello, Paradisers! Is #SOLUSDT gearing up for a major breakout, or are we staring at a looming collapse? The charts are heating up, and you need to see this analysis to stay ahead.
💎#SOL is currently holding its support trendline, hinting at a potential rebound. If this level holds, we could see SOL pushing upward to test the $204.60 resistance. A breakout above this level would likely trigger a strong continuation toward all-time highs (ATH).
💎If the support trendline gives way, the price is likely to test the $169–$155 demand zone. This area has consistently proven its strength, with previous price action respecting it multiple times. A rebound from here could still offer significant opportunities for the bulls.
💎The real danger arises if SOL fails to hold even at the demand zone. This area aligns with the support trendline, and a breakdown would signal a bearish trend, with the price potentially heading toward the strong support zone around $115.
💎Historically, the $115 level has acted as a major lifeline for SOL. If this level is broken and a daily candle closes below it, bullish momentum would be invalidated, and we could see a deeper plunge. This would be a clear bearish signal, and prices might dip even further.
Stay focused, Paradisers—this market rewards patience and strategy. Let's trade like champions.
MyCryptoParadise
iFeel the success🌴
Is now the time to long Solana?Solana (SOL) has been the most oversold top altcoin, but its over 30% pullback could be a great buying opportunity per some pundits.
Since its November peak, SOL has declined from $264 to a low of $175. But the pullback has hit a key confluence area which, if held, could validate Marty’s thesis.
Throughout 2024, SOL’s dumps reversed at the 100-day EMA (Exponential Moving Average, blue). This pattern has repeated in June, July, and October.
As of this writing, the recent pullback stabilized at the moving average ($175). Interestingly, the level also coincided with the golden level (61.8%) of the Fibonacci retracement tool, as measured from September’s lows.
In most cases, price trend reversals happen at the golden ratio level. So, if the pattern repeats, SOL could bottom out at $175 with a potential deviation of $160.
That said, the overall market sentiment was still negative on SOL, which could be ideal for long-term investors eyeing discounted SOL.
SOLANA TO $140Solana could potentially see a big dip in price if BTC continues in short downward trend.
As we all know SOL is correlated directly to the movements of BTC, in fact they are exaggerated on the SOL market, a 2% price movement on BTC could see 7-10% on SOL. If BTC continues downwards then Solana can jump from $180 to $140, there is also TA to support this.
As you can see from the TA the SMA's have crossed over on the daily time frame but we are yet to have a pull back and retest, when this does happen it would likely be to the $210 price range, this would line up with the 61.8% retracement as well as the next major resistance level.
This is when i would look to enter if we get a clear rejection from the SMA's, the resistance level and the 61.8% fib level. If SOL rejects this price then i believe the target for this short would be the $140 price area, this is the price that the fib gives us as well as the next major support level being located around this price.
Of course it'll have a lot to do with BTC's movements over the next few days / weeks so we'll watch BTC closely to see how it influences this potential trade.
Solana (#SOL): current situation and future prospectsSolana (#SOL): current situation and future prospects
Current Price: The SOL price level remains volatile, reflecting the overall market sentiment.
Trading volume: After a period of low activity, volumes are starting to gradually recover.
Technical Analysis: The price is approaching key support and resistance levels. It is important to keep an eye on the areas around TSXV:XX (depends on the current price) to confirm further direction.
📈 Outlook:
Solana continues to grow the ecosystem and attract new projects. Several factors could influence the future of the cryptocurrency:
Fundamental potential: The Solana network is actively used in DeFi, NFT and other areas. An expanding ecosystem will keep interest in the token alive.
Updates and improvements: Constant updates to the network make Solana competitive with other blockchains.
Investor interest: Increased institutional interest in Solana could be a driver of price appreciation.
⚡ Trading strategy:
Short-term: Given the volatility, SOL is suitable for active traders. Keep an eye on support/resistance level breakouts and trading volumes.
Long-term: For investors with a 1-2 year horizon, Solana remains a promising asset, especially if the cryptocurrency market enters a growth phase.
Actual Solana Cycle!!Here we have the possible current count for Solana. The main structure suggests an end of the structure above $302, but the substructure of wave 5 indicates an extension up to $345. Currently, it is in good zones to consider buying by doing DCA (Dollar-Cost Averaging) down to $178, which would be the next correction zone if BTC experiences a significant pullback in the coming weeks!
SOLANA testing the supportSOL is testing the support of a well-known chartist shape: Cup & Handle.
If this is confirmed, i.e. if the price bounces off the support, we can expect a price projection of +97% according to the usual rules of projection on this type of chartist pattern, and thus approach $500.
Wait & See.
SOL | ALTCOINS | Does Solana Have One More Push?Solana has barely just made a new ATH, and it's likely at the end of the correction after trading red for 3 weeks consecutively.
It's likely that once ETH has made a new ATH, Solana will be soon to follow. More on that topic here:
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BINANCE:SOLUSDT
Solana SOL: Drop to $215 Before Rally to 245?Solana is moving in the descending channel since end of November. It is currently is trading in the intraday range zone where we continue to see slow and choppy price action. A breakout from this range zone will result in a decisive move in the coming week.
A minor pullback toward $215.21, followed by a robust recovery, would indicate that buyers are regaining control, potentially paving the way for a rally toward the resistance levels of $227.83 and $245.58 (Dashed Green Projection).
If bullish momentum strengthens, this could extend gains to the next key level at $262.11, offering ample opportunities for upside continuation (Solid Green Projections).
Conversely, failure to defend the $215.21 support level could expose Solana to increased bearish pressure. A decisive break below this threshold may trigger a decline toward the critical support at $197.45 (Red Projection).
As Solana navigates this crucial juncture, traders should closely monitor price movements and volume dynamics to identify early signals of a breakout or reversal. Staying vigilant will be essential to capturing the next substantial market shift.