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Solanausdt

SOLANA lOOKS ON a GOOD WAYsince the breakdown trend on so long, it seems so long are coming step by step back into the trend. if Solana holds this view, it could recover back to its old levels where it was, Solana could need some time extra to come back to their old levels. The good news is also on the new coin BONK since BONK coin connects to the Solana network. Bonk can become the new meme hype coin coming time since it shows some views, and we did an update about it in the below chart. Let's see coming time how SOANA will play out, until now it seems on a good way.
Long
by Goldenbreakout
1
Solana SOL price may start correction in the coming daysA few days of the rapid growth of the SOLUSDT price has given many owners of the coin hope for super-strong growth. But not everything is as good as it may seem at first glance. Firstly, the SOLANA project is very much connected with FTX and Co (the show on this situation will last for many months, if not years). More details about the amounts involved and the number of SOLs involved with FTX we wrote in our previous ideas. Secondly, the SOLUSD price is entering the liquidity zone of $13-16. In this zone, at least two groups of traders will sell SOL: those who unsuccessfully took a long position in November 2022 and sat through a 50% drawdown, and now will exit from the position to "zero" and those who bought SOL with limit orders at a liquidity level of $8, and now it's time to fix +70-100% profit. In the medium term, we assume that the formation of a reversal pattern "Inverted Head and Shoulders" is possible According to this pattern: - risky buy zone of SOLUSDT around $10 - conservative purchase of SOLUSDT after a confident consolidation of the price above $16 The target for the development of this pattern is around $31 Given the fact that SOLANA is very much dependent on how the process of judicial proceedings over FTX and co. will take place. It is worth understanding that one news or tweet and the price of SOL can plummet. Therefore, it is worth insuring your long positions with stops. It is worth keeping limit orders to buy SOLUSDT around: $3.70, $2.25, $1.65 . And maybe someday you will be lucky with a super profitable purchase of SOL, like those who bought SOL a week ago at $8 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
44
SOL: shorting area is closeSo basically I'd short SOL once price reaches that OB and grab some liquidity. I think SOL won't recover much after FTX debacle and I think this market pump is just BTC making another bear flag before another dump. 1+1=2, I think this SOL pump is just a dead cat bounce. At 4h we can already see a bearish DIV in formation but if BTC keeps staying over 17K I think alts will keep going so bearish DIV won't play out. If BTC goes down alts will dump even harder. Here the 4h chart: Good luck
Short
by Shotokhan
2
Bump and Run Reversal - BARR FormationOn the 6H a BARR formation (Bump & Run Reversal) A sideways price action followed by a sharp drop which then sets course towards the Lead in line. When the price breaks the Lead-in line it is desirable to spot a re-test to make the RUN... Target red box around $18 it looks like a bounce on the previous support line was there in case of losing that support i be looking at the 2 blue boxes. The Elliot Wave is included in this and I assume we are in wave 4 yes these blue boxes also fall within the margin of the wave 4 fibs, and together with the support lines based on the swing points could therefore be a solution. Then the following... which is the MA200 which coincides with the "old support line" see story above. and the lowest blue box currently coincides with the MA50. Keep calm, do your own research, trade safe and manage your risk. (Disclaimer: This is not financial advice)
by Tims.Technische.Analyse.
#SOL/USD The Ship is Sinking.Many OGs shilling Solana on other social media platforms. I sold mine way back when the FTT Drama started. I had a small bag so didn't make much difference but for those who are still holding it be careful. The chart isn't looking good. Whatever you see on those platforms could be just an EXIT LIQUIDITY. Be careful who you follow. There are many other better projects to look at. SOL has broken its long-term uptrend whole trading at $37 on 3rd November. Lower support is at $4.12, $1, and $0.50. I do not see any technical or fundamental reason to hold this coin though you are free to make your own decision. This is not financial advice. IMHO the only best coin to accumulate is BTC right now. We may see a new low but that will merely be an opportunity. Stay tuned and do hit the like button, I will be posting the last Bitcoin chart of 2022 later today! CHEERS STAY SAFE
BINANCE:SOLUSDShort
by Cryptorphic
11
Solana Analyze (Short term, Timeframe 4H, 12/19/2022)!!!📱Solana was able to break the support zone by Breakout Candle. I expect that the pullback to the lost support zone is still ongoing, and after Solana's pullback, it will drop to the target I specified on the chart. Solana Analyze ( SOLUSDT ) Timeframe 4h⏰ (Log Scale). Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
5
Don't miss opportunity for short position SOLUSDThello guys we have a very good opportunity for Filecoin short position as you can see it's going to break support level all you need to know is in the chart good luck The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Short
by expay24
SOLANA: The end of an era or not?Hello everyone! This is our second idea in a fundamental project analysis (the first one about Aptos is right here ). This idea will tell you about the Solana project in terms of product, competitive advantages, team, tokenomics, and prospects. If you understand the project from all angles, including its essence and goals, as well as the fundamental approach and metrics, you will be able to enter the project more consciously and profitably. THE PROJECT and IT'S TOKEN Solana - SOL token What is the project? Layer 1 blockchain based on the Proof-of-Stake (PoS) and Proof-of-History (PoH) consensus systems. The project was founded in 2017 and was officially launched in 2020. PRODUCT PART Key mechanics The Proof-of-History algorithm is designed to synchronize the blockchain and transactions. The higher the throughput, the faster the blockchain synchronization rate. PoH is a method for reducing time costs, not a consensus algorithm. Tower Byzantine Fault Tolerance (TBFT) is a consensus algorithm that is based on Proof-of-Stake that uses PoH to reduce computational resources and time costs. Turbine is a transaction transfer protocol that shortens the time it takes to transfer data between validators.. Gulf Stream is a transaction transfer protocol that does not use mem-pools because validators are detected in advance. Sealevel is a parallel execution of transactions and signature verification. Strengths High throughput due to a combination of PoH and TBFT, as well as the Gulf Stream and Sealevel. High scalability due to Turbine Weaknesses When there is a high load on the Solana network, the blockchain stops processing transactions and becomes inactive due to a lack of mem-pool. For example, when a large number of mint bots were launched, which sent transactions to the blockchain very quickly, the network was unable to handle transaction processing and went into an inactive state. Not a reliable level of decentralization – the nodes vote for the block and pass the votes on to the leaders. Leaders collect votes and sign the block themselves. The issue is that in other networks, validators (leaders) validate blocks, and then nodes decide whether or not they agree with the validator's action. BUSINESS PART How does the product make money? The situation is comparable to Aptos and other blockchains. Investing in projects from their ecosystem and the most promising projects from other ecosystems are currently the main sources of income for Layer 1 blockchains, aside from collecting investments. How can a product make money in the long run? Selling your infrastructure to third-party companies like web2 or TradFi is the best way to make money with blockchain. However, at the moment, there are several limitations to this: 1. Unreliable technical solutions Solana has proven that it can stop its work at any moment. 2. Weak regulation Because there is no clear regulation, any company that decides to integrate into blockchain must accept the risk of pressure from their country's regulators. 3. Lack of business logic It's still unclear why large corporations should use blockchain infrastructure and what benefits this solution will provide. TEAM Anatoly Yakovenko – Co-founder, ex Dropbox, Mesosphere, Qualcomm Raj Gokal – Co-founder, ex Omada Health, General Catalyst Partners FUNDS AND INVESTORS Solana has had 9 rounds of investments, total fees ~315m USD The main investors: Tor Kenz Capital Buck Stash Collab + Currency Alameda Research Memetic Capital Blockchange Ventures CoinFund Genesis One Capital Multicoin Capital CoinShares TOKENOMICS 1. Total number of tokens: SOL deflationary token, unlimited maximum number 2. Current circulation: 363,963,170 SOL 3. Current market capitalization: 5.1b USD All member groups will receive their tokens in the first half of 2023, and token issuance will be limited to Staking Rewards. On the one hand, this is a good thing because SOL will become a fully marketable asset whose value is determined solely by supply and demand, and the issuance will only benefit network contributors. On the other hand, it is bad because Solana has currently lost the DeFi niche due to the network's poor performance and NFT due to the extremely low value of the SOL token. If Solana as a blockchain does not find its niche and users, the SOL token will not have a sufficient level of demand; additionally, the amount of SOL supply will increase every year due to the growing issue of Staking Rewards. CONCLUSION What to expect in the future? Solana, as a project, is basically finished. In 2020-2021, it was an advanced blockchain on which innovative products were released. Solana had the backing of Alameda and FTX, preventing the SOL token from falling below $3 in 2021. Solana experienced an NFT-boom in the fall of 2021, when the token price reached over $100, and many users became wealthy (or very rich as a result of Solana). However, in November 2021, the crypto-winter began, affecting all market assets. However, the crypto-winter began in November 2021, affecting all market assets. This year, SOL lost more than 90% of its value, lost many NFT users (no one wants to earn $20-30 and spend many hours of time grinding), lost the DeFi sector (users don't want to wait for Solana network to work and process transactions again, developers find more profit to run their application on L2 EVM network), and lost the support of their main sponsors – Alameda and SBF (these guys have enough problems right now). Along with the death of the previous cycle's market narratives, one of the cycle's brightest projects is likely to have died as well. Solana and the SOL token have two chances to recover their positions: 1. To attract new investors and real-world businesses that will use Solana's infrastructure. It is unlikely because Solana has already demonstrated weaknesses in their solutions, and it is unclear whether they can address those weaknesses. Furthermore, there are more advanced and promising solutions on the market (Aptos (here is a link to our article about Aptos on TV), SUI, Starknet, Scroll, Shardeum), investment and use of which will yield greater long-term benefits. 2. To develop or attract new projects and audiences. It is also unlikely because EVM networks are more likely to be chosen by developers and users due to their larger user base, network activity, and potential. Our output: long or short In the short run, SOL token will follow the market, but will rise slower and fall faster than others. In the long run, Solana resources are limited, the market is becoming increasingly competitive, and Solana and SOL are no longer of product and business interest. The project has run its course; SOL will most likely be among the top 50/100 projects in terms of capitalization, but Solana's golden days are over. P.S In any case, your trading strategy, investment and trading planning horizon are significant to make decisions and these decisions are up to you! Don't forget about risk management; the market is volatile, and you must successfully arrive at the right long-term forecasts without losing all of your capital. Keep in mind that many participants in the crypto market undervalue or overvalue projects and assets, and the true evaluation occurs only after the appropriate events occur. Thank you for reading! Feel free to share your thoughts about SOL in comments
by Samura0x
2