SOLANA - 5th Wave Bull ComingSolana is darling of cryptoworld. It has been consolidating in wave 4 for last 6-7 months. It's ready to make a move in wave 5.
Fasten your seat belts :)
If you like the idea, kindly like and share.
SOLWMATIC_898386.USD trade ideas
Solana: The High-Performance Challenger to Ethereum
Solana, a high-speed blockchain platform, has emerged as a formidable competitor to Ethereum, the industry behemoth. By offering significantly faster transaction speeds and lower fees, Solana has attracted significant attention from developers and investors alike.
One of the most compelling factors driving Solana's growth is its impressive performance metrics. The blockchain boasts a significantly higher transaction throughput compared to Ethereum, enabling it to handle a larger volume of transactions without compromising speed or cost-efficiency. This advantage is crucial for applications requiring rapid and scalable operations, such as decentralized finance (DeFi) and gaming.
Furthermore, Solana's Total Value Locked (TVL) has been steadily increasing, indicating growing confidence in the platform's capabilities. As more projects and users migrate to Solana, the ecosystem becomes more robust and attractive to new participants. This virtuous cycle has the potential to accelerate Solana's growth trajectory.
Experts in the cryptocurrency industry are increasingly bullish on Solana's long-term prospects. Many believe that the platform's technological superiority could enable it to surpass Ethereum as the dominant smart contract platform. While Ethereum has a substantial first-mover advantage and a vast developer community, Solana's performance advantages and growing ecosystem are challenging this dominance.
Recent developments in the cryptocurrency market have further fueled optimism about Solana's price appreciation. The approval of Bitcoin ETFs by regulatory bodies has injected a wave of institutional capital into the crypto market, potentially benefiting all cryptocurrencies, including Solana. Additionally, the anticipation of an altcoin season, a period of heightened interest and investment in altcoins, could lead to significant price gains for Solana.
However, it's essential to approach any investment with caution. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. Solana, like any other cryptocurrency, faces risks and challenges. While the platform has demonstrated impressive growth, it's crucial to conduct thorough research and consider the potential downsides before investing.
In conclusion, Solana's combination of high performance, growing ecosystem, and positive market trends positions it as a strong contender in the blockchain space. While the competition with Ethereum is fierce, Solana's ability to deliver on its promises could propel it to new heights. As always, investors should exercise due diligence and carefully evaluate their risk tolerance before making investment decisions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research and consulting with a financial advisor is recommended before making investment decisions.
SOL (Y24.P2.Video1).Big play is coming to its end.Hi traders,
We had a theory about this channel and it seems its coming to its final stages.
Don't miss out.
Regards,
S.SAri
Solana Is Still Bullish, Eyeing All-Time HighsSolana with ticker SOLUSD is one of the strongest cryptocurrencies in the last year, ideally unfolding a five-wave bullish cycle.
Despite recent slow down in the Crypto market, it can be just finishing a nice flat correction in wave 4 at the channel resistance lines and with the same length as wave 2.
So, still watch out for a bullish resumption within 5th wave that can push the price towards all-time highs.
solana to the moonusing sol/usd 1D auto/log scale
I first made a fib channel from token launch to the top of 2022 and dragged it out to 2025. To my surprise It had quite a few interesting points of contact, the more you look the more there is, pretty meaningful to me.
Then I made fib retracements for all the major rallies, there seemed to be a lot of support resistance around the fib levels 2.618 / 3.618 / 4.236 / 4.764.
I couldn't find any meaningful patterns with the other fib levels so i deleted them.
looks like we're going to 700 - 1200$ in mid- late 2025 if the pattern holds one more time, and so far we're 4/4.
also, the fib channel would seem to imply that we are fire sale prices right now, interesting the same thing is reflected in the long term btc fib channel. Something about the truncated CV rally seemed to keep us moving sideways. I suspect this is institutional whales accumulating and keeping us in this channel until something pushes back (halving).
glhf
not investment advice.
Solana to $300?Imho, the worse is likely in and even if we get a pullback, we'll chop around near the lows.
- Swing failure at range low
- Previous lows and range low defended
- Previous year high defended
- Reclaimed 200MA on daily
- Reclaimed POC
- Time + Price based capitulation likely done
- Possible selling climax in
Disclaimer: This post should NOT be construed as investment advice and is meant for learning purposes only. Please consult your financial advisor before making any investments.
$SOL -- After the dump.We predicted this deep move down, and now it looks like SOL has corrected up to the "golden pocket" area.
Perhaps we touch 160s before more down. At the moment, I'm thinking August is mostly chop before September lows.
What do you think?
SOL-USDT 1D chart Hello everyone, I invite you to a quick review of the SOL/USDT chart on the 1D time frame. As we can see, the price had a sudden downward impulse below the upward trend line, but quickly returned above it.
Going further, you can see how the price returned above the support at $140, then support at $126, and then strong support at $105.
Looking the other way, you can see resistance at $154, the next resistance is at $166 and then strong resistance at $182.
$SOL Short-Squeeze Coming To A CloseSolana will be rejected at the .382 fib which is $155 and then make its way down to close liquidity at $110
Ultimately CRYPTOCAP:SOL needs to reclaim the bullish trendline it re-tested late July.
Solana's Resurgence: Can It Reach $170 After the Falling Wedge?Solana, the high-performance blockchain platform, has experienced a tumultuous journey in recent times. A sharp price decline, culminating in a dramatic crash, has left many investors questioning the future of this once-promising cryptocurrency. However, the emergence of a falling wedge pattern on the price chart has sparked renewed optimism. Can Solana truly recover and reach its $170 target?
Understanding the Falling Wedge
A falling wedge is a technical analysis pattern that suggests a potential reversal of a downtrend. It is characterized by a series of lower highs and higher lows, forming a wedge shape that converges downwards. Once the price breaks out of the wedge to the upside, it often indicates a bullish trend reversal.
If Solana successfully breaks out of the current falling wedge pattern, it could signal a significant price increase. However, it's essential to remember that technical analysis is just one tool in an investor's arsenal, and it's not foolproof.
Factors Influencing Solana's Recovery
Several factors will determine whether Solana can achieve its $170 target.
• Network Performance: Solana's ability to maintain high transaction speeds and low fees is crucial for attracting developers and users. Any issues with network stability or scalability could hinder its price recovery.
• Ecosystem Development: The growth of Solana's ecosystem, including the number of decentralized applications (dApps) and projects built on the platform, is essential for driving demand for SOL tokens.
• Regulatory Environment: The regulatory landscape for cryptocurrencies is evolving rapidly. Favorable regulations can boost investor confidence, while restrictive measures could dampen enthusiasm.
• Market Sentiment: Overall market conditions, including the performance of Bitcoin and other major cryptocurrencies, will also impact Solana's price.
Challenges Ahead
While the falling wedge pattern is encouraging, Solana faces significant challenges. The recent crash eroded investor confidence, and it will take time to rebuild trust. Additionally, the competitive landscape in the blockchain space is intense, with other platforms vying for market share.
Furthermore, the broader macroeconomic environment, including inflation and interest rate policies, can influence investor risk appetite and impact cryptocurrency prices.
Conclusion
The possibility of Solana reaching its $170 target after breaking out of a falling wedge is certainly intriguing. However, it's essential to approach this with caution and consider the various factors that could impact the cryptocurrency's price.
Investors should conduct thorough research and consider their risk tolerance before making any investment decisions. Diversification is also crucial to manage risk effectively.
Ultimately, the success of Solana will depend on its ability to deliver on its promises, address technical challenges, and adapt to the evolving cryptocurrency landscape.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies carries significant risks, and it's essential to conduct thorough research before making any investment decisions.
Generational Long on weekl $SOLFrom previous analysis SOL is looking to give you the best entry of your lifetime next coming days in august
With high risk to reward ratio. The pattern matches previous convictions and aligns with earlier crypto coin movements.
Solana Bull FlagHoping the big bull flag plays out for all the CRYPTOCAP:SOL holders! May take some time though!
(SOL) solanaHere is the first chance to truly see what Solana is made of-. This random SAR indicator idea I made creates a long line that extends itself indefinitely. Currently there is one purple dot atop the Solana candle price August 4th 2024 due to a bottomed out price that broke the long running underlining "bullish," sentiment line, if you want to call it that.
Technically it could get real ugly for SOLI hope I'm wrong.
But SOL has had an incredible run since last fall, so this can happen!
Don't have much to say, the economy sucks. Smart money left at 200, dumb money entered.
Plenty of drop for the RSI to go!
"Shake and tumble down!"
&
"Bye Bye Baby Bye Bye"!
-Rest In Peace CJ Snare!
SOLANA, I AM EYEING $140Looking at my simple TA, I see a possibility of Solana heading south to around $140.
If I am lucky to ride my sell to $140, I will exit the sell and start heading up mid-longterm.
Sol to 125$ before liftoffAs BTC continues to show weakness, likely to 52k again, I expect Sol to continue to dump to this fib again. This would be a great bounce zone. There is a chance of a bear trap at 59.5k for BTC but we will see. I am keeping some cash available to add to positions closer to 52k at this point.
-I expect this 125-128$ Sol in the next two weeks
-I expect a major reversal leading into sept similar to 2020
SOLANA/USD Bearish in a bullish Consolidation:War+RecessionAs the Russians and Ukr. are facing to end the war,another war, in the middle east is starting:Irand vs Israel As well strategically as economically and politicially this zone of our planet is ruling all economies around the world:Oil,Gas,International trades and very important strategical zones:The survival of the world is dependent on the middle east.The middle east is the heart and ouls of the world.
Also the very negative NFP last Friday confirming that recission will come.And All this factors will increase the pain and suffer of the stock markets,FOREX and ofcourse Crypto currencies.
As Solana is now for many months in a big consolidation range we can use this situations to generate profitable situations with high probabilities:The markets tend to consolidate 70% of times. The probability the we will have an uptrend is 15%,and bear trend also 15%.So why not to use the 70% probabilitiy?
As the trend is currently long,meaning the ranges are stepping higher, the dangerouse zone for the bulls is the,,negative CRV Target,,,in green colour!
There the Bulls will face the increased risk,to add postions, or the profit portential of holding long trades is nealy zero,becuaz the bears take control.
This stage is high potential Short entry for the bears,but also taking profit area optimally for the bulls.
As we can see eachtime the market met this zone, many false breakouts (white circles) have been generated, the bears started to ride down the trend to ,,Target Negative CRV,,,in ORANGE: There the bears closed their positions and took profits,or also the bulls who hedged their positions short at around 190-205 clsoedtheir hedge positions and added more long positions at around 117-124.
The current stage of the market ,Close below FBA,, is where we are right now. The bears still in control,the market closed below that zone and opened immediately lower.The probabiliy that the bears will force solana to 120 zone is increasing.
Remember we are bearish in a bullish trend!
Where do the bulls lose total control?
This will happen,if the market closes 3Days in row below 117,and a bullish impulse or pullback to 117 or above 117 will not be successfull:That means if the bear immediately react and send down Solana forcefully below 117.This is ultimate confirmation that Bearish trend has started and Solana will fall very deep.
If the impulse overcomes 117 and continues above 125+Close,then Solana will go back to 190-208 area again.As long as Solana can saty above 180.85 Solana will try to break above this range.Once it falls back, the game repeats
SOL down to $100 before bouncing backBefore the end of the year, it will make new highs. However,
For now, a buying opportunity will come: around $90-100.
$SOL primed for relaunchCRYPTOCAP:SOL has been hot as of lately and the crypto sector seems to be bullish overall. We have a nice breakout here on the daily timeframe and as we zoom in on the price action we can see that its a perfect retest for the next leg up! I think this has a good and i mean GOOD chance of seeing $200 very soon.
SOL wait for entry
SOL is one of my favorite cryptos and I've bought it around $30 (see analysis in the link below for long-term view).
For a short-term trade, my waiting point to open Long is mentionned in chart. A detailed setup will be shared at the moment of entry (with precised Stoploss).
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
SOL ANALYSISIt is about reading the price pattern and the result of the indicators
I will only share with you what the result of the analysis shows.
This could be wrong. MD
SOLUSD Bullish due to US Elections 2024The US Presidential elections is theonly catalyst that is currently driving crypto.
Green arrows: A pullback retrace can meet this areas(green arrow) to enter long or increase bullish positions.
First target: 210
A break above 210 can lead SOLUSD to 256
Yellow horizontal lines: Main supports with highest volume
The current breakout is valid,becuz the RSI dropped immediately and leaft oversold area
Solana: SlumpedSOL retreated quite a bit last week. However, our primary scenario remains unaffected by this development. We continue to see the price in the final stage of the blue wave (i), in the context of which we expect a rise well above the resistance at $210.03. However, we must also keep an eye on our 25% likely alternative scenario, which will be activated by a slide below the $118.89 support level. This option sees the coin already in the blue wave alt.(ii) and would ensure a sell-off into our blue Target Zone (between $109 and $51.20).
