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Solana roadmap to $400-$425Love SOL or hate it. $400-$425 is a magnet. Solana is showcasing a textbook Cup and Handle pattern on the 2-day timeframe, signaling a potential bullish breakout. Here’s the breakdown: 1️⃣ The Cup Formation: The base of the cup was formed between May 2022 and January 2023, marking a prolonged accumulation phase. The lip of the cup rests around $225, a key resistance level tested multiple times. 2️⃣ Handle Consolidation: After reaching the cup's lip, Solana entered a consolidation phase (the handle), with lower highs and higher lows forming a descending channel. This phase typically indicates a preparation for the next major move. 3️⃣ Breakout Potential: A breakout above the $225 resistance level confirms the pattern, opening the door for significant upside. 📈 Bullish Momentum: With strong momentum and increasing trading volume, a breakout seems imminent. Watch for confirmation of the breakout above $225 before entering positions. Key Levels to Watch Resistance (Breakout Zone): $225 Target Based on Cup Depth: $425 Support (Invalidation): $175 (below handle structure)
BITFINEX:SOLUSDLong
by jjkateam
6
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
SOL UPDATESolana (SOL) is a high-performance blockchain designed for decentralized applications (dApps) and crypto projects. It features fast transaction speeds, low costs, and high scalability, thanks to its unique consensus mechanism called Proof of History (PoH), combined with Proof of Stake (PoS). Solana Coin (SOL): This is the native cryptocurrency of the Solana network. It’s primarily used for staking, transaction fees, and participating in governance within the ecosystem. NEXT UPDATE
BINANCE:SOLUSDLong
by VASANT_MVK
1
Solana Breaks Revenue RecordsIn the latest crypto market moves, Solana ( CRYPTOCAP:SOL ) has shown impressive performance, setting a new record in daily revenue and solidifying its position as a major contender in the blockchain ecosystem. Its daily revenue hit a remarkable $3.8 million, with users paying over $7.6 million in transaction fees, bringing the platform’s all-time fees to a substantial $521.54 million. This achievement not only demonstrates Solana’s scalability and rising adoption but also reinforces its appeal to both developers and users as an efficient, high-performance network. As Ethereum, a long-standing blockchain leader, recorded $16.45 million in earnings, Solana's recent growth brings it closer to Ethereum's dominance. Fundamental Analysis Fundamentally, Solana’s growth trajectory is fueled by its rapid transaction speeds and cost-effective structure, which has made it one of the most attractive platforms for decentralized applications (dApps), gaming, and decentralized finance (DeFi) protocols. Unlike Ethereum, which faces congestion and high gas fees during peak usage, Solana can handle up to 65,000 transactions per second, all at minimal costs. This efficiency is a primary reason why transaction fees on Solana have skyrocketed to $7.6 million per day, reflecting growing adoption and user reliance on its network. The consistent revenue generated by Solana underscores the platform's viability as a sustainable blockchain model. Its growth could also be attributed to various improvements and upgrades, including increased security and enhanced interoperability with other blockchains. As the platform matures, it’s not surprising that Solana's overall market outlook has garnered a positive sentiment from the community and investors alike. Technical Analysis From a technical perspective, Solana’s recent performance has been noteworthy. At the time of writing, CRYPTOCAP:SOL is trading up by 0.67%, holding firmly above the psychological $200 level, a threshold that has strengthened its market position. The Relative Strength Index (RSI) currently stands at 70, signaling an overbought condition, yet this does not deter CRYPTOCAP:SOL ’s upward momentum. Since breaking out of an enclosed rectangular pattern—a sign of consolidation—Solana has maintained a solid support base at $200, suggesting investor confidence and reinforcing bullish sentiment. The chart shows a strong uptrend, and given the sustained momentum, Solana is positioned to potentially reach the $500 mark in the medium term. While this target may appear ambitious, Solana’s continued revenue growth, high adoption rate, and technical resilience provide it with a robust foundation. Key indicators, including moving averages, support levels, and volume, show favorable signals, with minimal resistance levels anticipated until the $250 mark. Conclusion With a record-breaking revenue stream and a resilient technical setup, Solana is establishing itself as a leading force in the blockchain sector. Its ability to outpace Ethereum in certain performance aspects underscores the increasing demand for scalable and efficient blockchain solutions. For investors, Solana’s combination of strong fundamentals and technical promise make it an attractive buy, with $500 as a plausible price target in the near future.
COINBASE:SOLUSD
by DEXWireNews
Solana - We Will See A New All Time High!Solana ( CRYPTO:SOLUSD ) is preparing for an all time high breakout: Click chart above to see the detailed analysis👆🏻 After dropping -95% in 2022, Solana then rallied an incredible +2.000% and retested the previous all time high. Then we saw a quite long term but tight consolidation and just two months ago, Solana retested the lower support again. It is just a matter of time until we will see a breakout. Levels to watch: $120, $210 Keep your long term vision, Philip (BasicTrading)
CRYPTO:SOLUSDLong
by basictradingtv
10
Solana’s Bullish Surge: $220 High Signals Potential for New ATH Solana’s ( CRYPTOCAP:SOL ) recent performance has been explosive, breaking past $220 for the first time this year and setting the stage for potentially higher targets. Driving this bullish momentum is a unique blend of technical and fundamental factors, particularly the growing appeal of meme coins on the Solana network and robust market sentiment. Pump Fun’s Significant Sell-Off Meme coin launchpad Pump Fun has offloaded 43,000 SOL tokens (valued at $9.46 million) as the price hit $220, adding to its cumulative 793,243 SOL sold. Despite this, Pump Fun still retains 220,865 SOL, indicating that this liquidity event may be strategic rather than indicative of bearish sentiment. Meme Coin Frenzy Boosts Solana Ecosystem The recent meme coin craze on Solana, with tokens like ACT and PNUT surging 1,300% and 250% respectively, has bolstered SOL’s appeal. This trend has even driven Solana’s DEX trading volume above Ethereum’s for the sixth consecutive week. With $160 million bridged into the ecosystem in the past week alone, this influx of capital underscores the growing interest in Solana-based DeFi and meme coin trading. DeFiLlama data shows that Solana’s DEX volume hit $17.484 billion, surpassing Ethereum’s $14.97 billion. Technical Analysis Technically, Solana’s breakout above the $210 resistance, now turned support, is significant. The token is trading within a breakout channel and is up by 5.54% in the last 24 hours. This breakout has set sights on the $235.5 resistance level, followed by its previous ATH of $260.06. Altcoin Sherpa, a well-regarded analyst, even predicts that a breach of this ATH could push SOL towards $290, with speculative targets as high as $1,000 within the current market cycle. If SOL maintains support around $210 and the $199–$195 range, this area could act as a launchpad for continued upward movement. However, if buyers fail to hold this level, SOL may see a correction toward $183–$172 before another rally. Market Sentiment and Broader Crypto Landscape The bullish momentum for SOL is part of a larger upward trend across the crypto market, with SOL benefiting from both the favorable macro environment and its distinct ecosystem growth. The meme coin popularity on Solana, coupled with strong DEX volumes and increasing DeFi activity, adds to the long-term potential of the network as a primary hub for high-volume, user-driven activity. Conclusion Solana’s rise to $220 represents not only a technical milestone but also a testament to the network’s expanding ecosystem, especially within the meme coin and DeFi sectors. With strong support from both fundamental and technical indicators, SOL’s trajectory suggests that reaching its ATH of $260 is feasible, with even higher targets on the horizon. As SOL continues to capitalize on its position within a bullish crypto landscape, market participants should keep an eye on key support and resistance levels, potential corrections, and the broader sentiment driven by meme coin activity.
COINBASE:SOLUSDLong
by DEXWireNews
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