SolanaImportant resistance for solana one of the best performers of this cycle.
It is also making a hammer on weekly
SOLUSDT.PS trade ideas
Solana at a Crossroads: $240 is the Key!Solana (SOL) has been on a wild ride, recently revisiting its all-time high. But don't break out the champagne just yet! A critical resistance level has emerged around $240, acting as a major roadblock to further gains.
Here's the breakdown:
$240 Resistance: This price point is a significant hurdle. Multiple attempts to break through have been rejected, indicating strong selling pressure. A decisive daily close above $240 is crucial for a renewed bull run.
Downtrend Potential: Until that breakout happens, SOL appears to be in a downtrend. Expect continued downward pressure, with a potential target of $180. This area could provide strong support, setting the stage for a potential bounce.
Trade Idea:
Long Oppurtunity: Wait for a confirmed daily close above $240 before entering long positions. Target the previous all-time high and beyond.
Short Opportunity: The current technical structure presents a compelling shorting opportunity for traders with an appropriate risk appetite. Entry points could be considered at the current price or on any failed attempts to break above $240. A prudent stop-loss would be placed above the $240 resistance level, while a price target of $180 is reasonable.
Key Indicators to Watch:
Daily Close: Pay close attention to the daily closing price. A close above $240 is the bullish signal we're looking for.
Volume: Increased volume on a breakout above $240 would add conviction to the move.
RSI: Monitor the Relative Strength Index for signs of bullish divergence, which could foreshadow a price reversal.
Disclaimer: This is not financial advice. Always do your own research and manage your risk accordingly.
Destiny 1H SOLAccording to the daily analysis where a breakdown has occurred, the daily breakdown point must be touched, meaning the range of $180. In this one-hour chart, my perception is that beautiful patterns like triangles and channels are forming, and given the very clear negative divergence, it is evident that it will break from the bottom.
SOL pumping?🔼 Climb to $204.46: This level acts as a key resistance. A breakout above this confirms a bullish continuation.
🎯 Next Target at $364.43: After surpassing $204.46, the next profit target offers a 160% potential gain at $364.43.
🔴 Support Zone at $190: This level is currently holding as a strong support to prevent further downside.
⚠️ Downside Risk: Breaking below $190 could lead to a drop toward $138 or even $116.
✅ Buy Signal: If the price stabilizes above $204.46, it signals a bullish entry.
🚀 Profit Potential of 75%-160%: The chart suggests great upside opportunities if the upward trend continues.
📊 Summary: A breakout above $204 triggers a valid buy signal 🎉, but caution is needed if the price dips below $190 ⚡.
SOL about to full sendNow with the invalidation of our green structure sol is ready to continue its orange uptrend. Question is noww will we see a little pullback to enable the blue strucure? or will we blast right off into our hightimeframe target (yellow structure) it remains interesting.
SOLUSDT formed bullish flag pattern target 280-300With Bitcoin all crypto currencies are booming and SOLUSDT formed a flag and soon breakout is possible.
SOL / USDT#SOL / USDT
CRYPTOCAP:SOL The chart indicates a breakout from a descending channel, signaling the continuation of a bullish trend.
The price is trading at $242.01, showing strong momentum post-breakout.
Resistance Levels and Targets:
Target 1 : $266.75
Target 2 : $296.40
Target 3 : $320.80
SOL LONGlooking to go long on SOL Limit at 233.10
STOP LEVEL: 231.00
TAKE PROFIT: 250.00
APPLY PROPER RISK!!!
SOLUSDTBINANCE:SOLUSDT is all set.
We've got strong support at the 0.618 Fibonacci level.
Looking back at the Fibonacci extension from the start of the first wave in early 2021 and the correction down to $19.21, we can see a crucial support zone that NYSE:SOL has consistently held.
In my view, this marks the start of a new upward trend for NYSE:SOL , suggesting potential upward momentum and bullish opportunities for SOL in the near future
Solana weekly chart Analysis
Solana weekly chart Analysis
Immediate short term target is 300 $
long term target is 500 $
cheers and follow me to build a community
SOLANA LOOKING ALL TIME HIGHS - SOL LONGPrice rejected strongly from the daily demand zone after running the daily swing liquidity. This move created a 4H demand zone. Following that, we saw a break of the bearish trendline, with a retest of both the trendline and the 4H demand.
I entered a position during this retest, even as BTC was aggressively dumping by over $10K, which is why I couldn’t share this idea in real time. However, I am already in this trade and targeting a bare minimum of $271 as the next level.
Solana Ready to Fly ?Solana TF 1H has made Lower High, with pattern ascending triangle with strong resisten level 245-247
if solana can breakout this level with big volume, another ATH price is coming to the town this december :)
Long position with SL 210
goodluck :)
Why is SOLANA expected to reach $300 ?Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for SOLANA , 📚💡
In response to the query raised in the heading, Solana has consistently outperformed Ethereum across several critical performance metrics in recent months. This achievement is further bolstered by its highly skilled development team, which has successfully rolled out a series of strategic updates, solidifying Solana's position as a leader in blockchain technology through cutting-edge innovations. 📚✨
With its strong foundational strength, a price target of $300, reflecting a potential 27% price increase , seems entirely plausible. Additionally, technical analysis supports this optimistic outlook, suggesting that the upward trend is likely to continue. 📚🙌
🧨 Our team's main opinion is: 🧨
Solana has outpaced Ethereum in key performance metrics, backed by a skilled development team and strategic updates, positioning it as a leader in blockchain innovation. With strong fundamentals, a $300 price target and a 27% potential gain are well-supported by technical analysis, indicating continued upward momentum.
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
SolanaSol usdt analysis
Time frame 4 hours
Risk rewards ratio >3 👈👌
Base on technical analysis
Head and shoulders pattern is created . Then price dropped
Now the price is close to strong support
Solana reached new peak after 2 years and then dropped.
Now this support area is good to enter and give a good benefit
SOLANA BIG BREAKOUT
SOLANA breaking out cup and handle pattern long consolidation currently retesting breakout level good tym to buy some
Targets- 300 350 400
hold for few months
SOLUSDT 1H - Ascending Channel Under Selling PressureThe chart shows a sideways movement with an upward slope, within an ascending channel visible on the 1-hour timeframe. At the moment, the price is close to the dynamic support of the channel, but the indicators show selling pressure.
The EMA (Exponential Moving Average) suggests dynamic resistance, with the price finding it difficult to consistently break above it.
Support:
$229.69
$225.00: Considered a critical support, its loss could signal a broader reversal in the short term.
Resistance:
$241.72
$247.00: Upper resistance on the 1H chart, coinciding with the recent top. A break of this level could propel the price towards $256.69.
RSI (Relative Strength Index):
Indicates selling pressure.
MACD:
Also presents a bearish crossover, reinforcing the sell scenario at the moment.
Although the price of SOL/USDT is inside an ascending channel, the selling pressure indicated by the indicators (RSI and MACD) suggests that the price may test the supports before resuming the uptrend.
Very similar pattern playing outThe cycles doomed to repeat again, massive profits to be made. There is still much more room to run for many altcoins as BTC reaches 100k!
Solana, last call, Mid-term target 500One of the hottest coin in crypto market, fast, salable, decentralized and energy efficient, rumors of ETF being issued at 2025.
Technically, it broke head and shoulder neckline around 210 and retraced to 210 this week. This should be a last call for mid-term investor for Solana favor, don't miss it!
SOL - Will breakout and hit new ATH in matter of days#SOL/USDT #Analysis
Description
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+ SOL is trading near the resistance zone
+ a minor pull back is expected before breaking out the from the resistance zone
+ If the price breaks out then next target is 500, 1000, 1200
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VectorAlgo Trade Details
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Entry Price:230
Stop Loss: 128
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Target 1: 300
Target 2: 350
Target 3: 400
Target 4: 550
Target 5 700
Target 6: 900
Target 7: 1200
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 1-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
Couple of facts on #SOLCouple of facts on #SOL 💁♂️
🟢Re-Accumulation inside of the Monthly Supply Zone, also above the key zone
🟢Three White Soldiers breakout
💰 CRYPTOCAP:SOL already tested the 2021 All Time High, not it's time to break through the one🚀
Solana breaks from a consolidation point: analysisSolana has surpassed BNB to enter the top fifth crypto after rising over the consolidation around $230. The rise in the value of the star token, Bitcoin, helped the SOL price rise break the crucial resistance. Now that the price has initiated a huge breakout, the token is believed to maintain a steady ascending trend. However, the possibility of a bearish reversal also emerges, which could drag the levels back to $235 and levels slightly below.
The bearish activity had outpowered the Solana bulls ever since the token formed a new ATH above $264. The price dropped further and the plunge in volume prevented the bulls from lifting the levels from the interim lows. However, with the beginning of the fresh monthly trade, the bulls seem to have gained acute strength. As a result, after the current breakout, the SOL price is primed to surpass the current ATH to reach $270 shortly.
The short-term price action of Solana suggests the price has broken the upper resistance of the descending parallel channel and attracted bearish attention. However, the technicals continue to remain bullish, which suggests the price may withstand the bearish pressure and eventually enter the resistance zone between $247.09 and $250. The stochastic RSI has rebounded from the interim descensing trend, indicating the levels to remain around the upper threshold for a while. This hints towards an extended bullish consolidation that may assist the SOL price to rise above $250.
Therefore, the Solana price could reach $300 before the end of 2024, provided the upcoming weekly close needs to be above the current ATH. Otherwise, the price may remain consolidated below the ATH for a long time and just before the yearly close could validate a strong upswing.
