SOL - Aka Sanpei FractalIt seems like SOL is recreating the patterns from 2020, and if that happens; we're going to see 300-500 very soon.
Good luck!
SOLVVS_80FDCC.USD trade ideas
11/12/2024. SOLUSD Daily and hourly chartsSOL hit is daily 218.52 and hourly 222.50 targets yesterday.
Hourly sell is at 211.08. first target point 205.19
hourly buy is at 214.90
daily could see retrace to blue line, 182.14, if 200+- fails.
Is Solana the Next Big Crypto to Watch Out For?
Solana's Resurgence: A Potential Bounce
Solana (SOL), the high-performance blockchain platform, has been making headlines as it exceeds a crucial demand level of approximately $157. This level has acted as a strong support zone, withstanding recent market volatility. As the cryptocurrency market braces for the upcoming U.S. election and the Federal Reserve's interest rate decision, Solana's potential recovery has captured the attention of investors and traders alike.
A Strong Foundation at $157
The $157 level has proven to be Solana's significant psychological and technical support level. It represents a critical juncture where buying pressure has consistently outweighed selling pressure, preventing a deeper decline. This resilience underscores the underlying strength of the Solana network and its community.
Technical Analysis: Signs of a Bullish Reversal
A closer look at Solana's technical indicators reveals several promising signs of a potential bullish reversal:
• Relative Strength Index (RSI): The RSI, a momentum oscillator, has dipped below the oversold level, indicating that the selling pressure has waned. A rebound in the RSI could signal a shift in market sentiment and a potential upward trend.
• Moving Averages: The 50-day and 200-day moving averages have crossed below the price, a bearish signal known as a death cross. However, if the price manages to break above these moving averages, it could trigger a bullish crossover, potentially leading to a significant price increase.
• Volume: Increased trading volume often accompanies significant price movements. A surge in volume during a potential breakout above the $157 level could confirm the bullish momentum and attract more buyers to the market.
The Impact of Macroeconomic Factors
The upcoming U.S. election and the Federal Reserve's interest rate decision are two major events that could significantly impact the cryptocurrency market, including Solana. A highly contested election or a hawkish stance by the Fed could lead to increased market volatility and potential downside risks for cryptocurrencies.
However, if the election results are clear-cut and the Fed adopts a more dovish tone, it could create a favorable environment for risk assets like cryptocurrencies. A potential rate cut or a pause in rate hikes could boost investor sentiment and drive demand for Solana and other cryptocurrencies.
The Future of Solana
Solana's ability to maintain its position above the $157 level and potentially break out to higher levels will depend on several factors, including:
• Network Performance: Solana's network performance, including transaction speed and fees, will continue to be crucial for attracting developers and users.
• Ecosystem Growth: The growth of Solana's ecosystem, including decentralized applications (dApps) and decentralized finance (DeFi) protocols, will drive demand for SOL tokens.
• Institutional Adoption: Increased institutional adoption of Solana could provide significant price support and drive long-term growth.
• Market Sentiment: Overall market sentiment towards cryptocurrencies will also play a role in Solana's price movement.
In conclusion, Solana's position above the $157 support level is a positive sign, and a potential bullish reversal could be on the horizon. However, investors and traders should remain cautious and monitor the impact of macroeconomic factors on the cryptocurrency market. As the U.S. election and the Fed's interest rate decision approach, heightened volatility is expected, and it's essential to have a well-defined trading strategy in place.
Solana (SOL) Bullish Setup Gaining MomentumTechnical Overview:
Ascending support trendline: Solana (SOL) has maintained a consistent upward trajectory since September, forming higher lows that reinforce the bullish trend.
Resistance Zone: SOL is now testing the critical $180-$190 resistance area, which forms part of a saucer formation, a pattern that often precedes strong upward moves.
Key Levels to Watch:
Resistance: $190 (critical breakout point)
Targets: $220 (previous high), $275-$280 (extended bullish target)
Support: Ascending trendline, below $180.
Outlook:
A break and close above the $190 level could ignite a major rally, with the next significant targets around $220 and potentially $275-$280 if momentum continues.
With the current technical setup favoring bulls, the risk-reward is attractive for those looking to ride the next leg up.
#Solana #SOL #PriceAction #Bullish #CryptoMarket
SOLUSD Gives a Buy-The-Dip-OpportunityThe current correction in SOLUSD is attracting buying interest. The indicator shows divergences in both the RSI and the CumulativeVolumeDelta. This opportunity offers a good short-term chance for a long entry. We select the area of the bearish wicks between USD 167 and 168 as the target zone.
SOLUSD UPDATEI am reposting because there has been a huge move downward will wait for a second candlestick before I make a move. I want to see a second candle stick in going down and then I'll maybe make a play. But so far, I like what I see.
Outlook on SOL/USD 03/11/2024Pre Election analysis of Solana/USD
Bullish scenario:
If the current level holds as support and the price moves above the recent highs, it may target the upper zone around $188 or higher. Levels around $170-$175, appears to be a near-term top. We could see an extension towards the $188-$200 range, which aligns with both the monthly and daily upper targets. A potential retracement to the $140-$150 daily could offer a discounted entry opportunity, with a possible target back up to the $188-$200 zone.
$222 : Conservative target post-breakout above $200.
$249 : Key resistance, close to previous all-time highs.
$280 : Extended target for bullish continuation.
$345 : Target in a strong rally.
$453 : Long-term, ambitious target if SOL experiences a major bull run.
Bearish scenario:
If the price fails to hold above the trendline and begins breaking below $140, it could indicate a shift towards a bearish scenario. This could open the possibility for a retracement to deeper discount levels, potentially back to $118 or lower. If the price struggles to break above the $170-$175 zone and shows bearish reversals, it could trigger a deeper correction to retest the $140-$150 level or even the key $118 monthly support zone. Worst case scenario $98-$106.
Solana Technical AnalysisFxNews —Solana is trading bearishly below the 100-period SMA, with immediate resistance at $168.50.
The SOL/USD trend outlook will remain bearish as long as bears hold positions below $168.50. In this scenario, the next bearish targets would be $158.00, followed by $152.00.
Please note that a close above the immediate resistance would invalidate the bearish scenario.
$solana long $solana currently on support , with btc reclaiming 70k support sets a good precident to look for longs . set clearly shown in chart
SOLUSD SELL ANALYSIS RISING WEDGE PATTERN Here on Solusd price form rising wedge pattern and now try to fall as the line 167.98 has broken there is a chance of moving down more so trader should look for SHORT and target profit of 154.53 and 138.83 . Use money management
SOLUSD !!Solana trimmed gains and traded below the $175 support zone. SOL price is now approaching the $165 support and might bounce back in the near term.
SOL price started a fresh decline after it struggled near the $185 zone against the US Dollar.
The price is now trading below $172 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $172 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could start a decent upward movement if it stays above the $165 and $162 support levels.
SOLUSD, MOMENTUM BULLISH TREND CHANNELSOLANA, MOMENTUM BULLISH TREND CHANNEL
Time Frame: 4 HR
Price Target: $369
Time Horizon: lol
$SOL Long Set upsIf We Get A Move Down
50% retrace of this up move wouldn't surprised me. Week before the election might give us a good discount to add a spot/perp longs to.
The Plan
Try not to freeze in time and wait for a perfect set up to happen. Most times the set up isn't perfect, most cases all you see is panic and fear when that dip actually comes. You also might think it'll go lower. Execute your plan and stay to it. MY plan is to bid the retest of the range we broke out of. (6-7month range). Have a stop loss to the previous low. It's a bull market. SHORTING will get blown out. Think Higher.
Happy Trading & Good Luck.
i am short solana, not sure how long i'll hold it but want trackas the title says i am shorting the soylana probably a dumbass idea but ive entered now so there's no going back
RETEST COMINGGet ready for a SOL temporary pullback.
Notice my BUY ZONE area for a decent
entry into SOL before heading north to
the 500 range. Good area to accumulate
your SOL position. Keep an eye on BTC...
as we have a BIG CME gap around 78k.
Targets on SOL will be hit no doubt if BTC
decides to come back down a fill that GAP.
Oh...BTW...did you buy SOL @ 121.00?...
BAM!!!
********** HAPPY SOL HUNTING ************
Is Solana the New Bitcoin? Exploring its Stellar Rise Is Solana the New Bitcoin? Exploring its Stellar Rise in the Post-Election Rally
Solana (SOL), a high-performance blockchain platform, has been making waves in the cryptocurrency market, surging past the $200 mark and outpacing even Bitcoin's recent gains. This significant price appreciation comes amidst a broader post-election market rally, fueled by optimism about the regulatory landscape and increasing institutional adoption.
The Solana Surge: A Closer Look
Solana's price has skyrocketed over the past week, gaining an impressive 36%. This rapid ascent has caught the attention of both retail and institutional investors, as the platform's unique features and growing ecosystem continue to attract interest.
Key Factors Driving Solana's Rally:
1. Post-Election Market Optimism: The recent U.S. elections have injected a sense of optimism into the cryptocurrency market. Investors are hopeful for a more favorable regulatory environment, which could lead to increased institutional adoption and mainstream acceptance of cryptocurrencies.
2. Anticipation of Spot Solana ETFs: The potential approval of spot Solana ETFs could significantly boost the demand for SOL tokens. As more institutional investors gain exposure to Solana through ETFs, the token's price could experience further upward pressure.
3. Strong Network Performance and Ecosystem Growth: Solana's high-performance blockchain and rapidly growing ecosystem of decentralized applications (dApps) have attracted developers and users alike. The platform's ability to handle a high volume of transactions at low cost has made it a popular choice for various use cases, from DeFi to NFTs.
4. Institutional Adoption: Several institutional investors have shown interest in Solana, recognizing its potential to disrupt traditional financial systems. As more institutions allocate capital to Solana-based projects, the demand for SOL tokens is likely to increase.
The Potential for Further Upside: A $600 Target
A recent survey conducted by MV Global suggests that Solana's price could reach $600 during the current bull cycle. This optimistic forecast is based on several factors, including:
• Strong Fundamentals: Solana's robust technology, scalability, and growing ecosystem provide a solid foundation for long-term growth.
• Institutional Interest: As more institutional investors discover the benefits of Solana, the demand for SOL tokens is expected to rise.
• Favorable Regulatory Environment: A supportive regulatory framework could unlock significant institutional capital and accelerate the adoption of cryptocurrencies, including Solana.
• Market Sentiment: Positive market sentiment, fueled by technological advancements and economic recovery, could further propel Solana's price upwards.
Conclusion
Solana's recent surge to over $200 is a testament to its growing popularity and strong fundamentals. The platform's high-performance blockchain, thriving ecosystem, and increasing institutional adoption have positioned it as a major player in the cryptocurrency market. As the industry continues to mature and regulatory clarity emerges, Solana has the potential to deliver significant returns to investors.
However, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider consulting with financial advisors before making investment decisions.
(SOL) solana "4th" Solana's market capital has surpassed BNB and is now the 4th largest cryptocurrency in the world.
SOL USD - Bull FlagStrong Weekly Breakout Candle for Solana! This asset continues to show strong potential in what could be the next bull market cycle.
Get Ready!
SOLUSDT 6R short Crypto is over extended after a massive surge beyond ath.
Expecting a downtrend to start here to take out all the late long and generate enough short liquidity for the next run up.
Keeping a tight SL at 218
Final tp 180 take profits along the way.
Short my sollageShort SOL this is what I have done and this is what I want to do.
bobo is waking my long papi
SOLUSD Cup and Handle What does this mean? Do you think it means what I think it means I think it means something, but we won't know until we see it goes in that general direction until then hold on to your hats, we might just take off full of fuel.
How ever if it does a reversal just be careful and make sure you don't crash and burn tomorrow will be a very decisive day. Election day I mean.
