SolanaAfter forming an inside bar with the previous day low, I waited for the power of 3 before kicking offLongby SkymForex1
Stronger SOL w new support @167 looking primed for big moves!BTC has changed dance partners from ETH to SOL..A clear shift where SOL is outperforming both ETH and BTC on big moves is a deft dance In the latest surge a few days ago SOL hopped around 165- 167 on the way to 175. Today while BTC has dipped to its new strong bounce area around 66100 SOL is bouncing faster around 167 again currently to170. We may consolidate down a little but if SOL can maintain this new support a jump to 180-190 in prep, a leap to 200 again will be imminent. Either way it is only a matter of time. And as always SOL and BTC will go together taking turns leading. Longby cryptoseedjohnnyUpdated 557
17.5x short term Solana long ideaNfa Just for me and new journal. Short term long ideaLongby lobsterkiller2021
Solana 1D , Inverted Head and ShoulderI noticed a bullish pattern , if the neck line is broken, Solana will reach 32 $by petarkisUpdated 2
$SOL where to from hereObserving a pinch between 8 EMA low and 21 EMA. Look positive but need to see it bounces off from here. Usually this run ends with a second surge lower than the first which is observed here. by Silverbullet1211
Solana_ X _ Right _ Prices_ Under _ U.S. Dollar, Trading _ VenueSolana_ X _ Right _ Prices_ Under _ U.S. Dollar, Trading _ Venue _ Coinbase. Retest will hold within the key level of following prices before making higher level: Retest = $157, $155.10 , $149.16 , $146.42. Then expecting the following prices: $165.61 $167.00 $167.64 $169.98 $170.90 $172.14 $174.82 $175.08 Distribution price: $180.87 $183.72 $184.94 $187.96by Skill-Knowledge-Conduct2
My target's on Solana's next ATH in the 2024 - 2025 cycleThese are just price and mcap projections and not to be taken as financial advice. Imho there are basically 3 cryptocurrencies that matter in terms of organic user and developer adoption. That's Bitcoin, Ethereum and Solana, other chains don't come close. Currently Solana is the fastest blockchain, and processing more transactions than Ethereum and it's L2s combined. Ethereum: Top to top, 2018 - 2021 ETH made a 244% gain, from around $1400 - $4800 Solana: In my model, my conservative target is $500 in the upcoming bull cycle, which is only a 94% gain top to top. "2021 - 2024/2025" In my aggressive target, it's a 284% gain top to top, ie: from roughly $260 to $1000. Which is just slightly more than ETH's 244% performance, but we're talking about a chain with atm a much smaller marketcap, but much more potential of mass adoption. The $1000 liberal target which give SOL at current supply a $420 billion mcap, which is still under ETH's 2021 top mcap size of $578 billion.Longby leongabanUpdated 7723
SOLUSDT- in Bullish TrendAfter posting recent high of 210.18, SOLUSD was under downward trend line. After making double bottom formation and bullish divergence at 4hr and 1 hr time frame, the instrument gave breakout of downward trend line and triangle pattern. After testing back the trend line, it is expected that bulls will get strength. Entry :149.25 TP-1: 180.78 TP-2: 201.50 SL: 125.50Longby ALIHAMIDUpdated 4
SOL ANALYSIS ABCMy previous analysis assuming $60 turned out to be wrong and $80 was reached instead. The waves turned out to be true, but the volume was wrong. Many other analyzes say a further rise, I don't think that SOL will behave in the opposite way.Longby MoralDiscipleUpdated 5519
Solana Surges in Profitability, Outpacing Ethereum for the FirstIn a significant development for the cryptocurrency landscape, Solana (SOL) has emerged as a more economically profitable blockchain than Ethereum (ETH) for the first time ever. This news comes amidst a strong year for SOL, which has significantly outperformed Ethereum in terms of price gains as well. Solana's Profitability Milestone On-chain analyst Leon Waidmann reported this milestone, highlighting a chart that depicts the total economic value (TEV) of both Solana and Ethereum over a specific period. TEV considers transaction fees and Maximum Extractable Value (MEV) to determine the overall economic profitability of a blockchain. This suggests that Solana's network activity is currently generating more economic value for its validators compared to Ethereum. This newfound profitability is likely due to Solana's key advantage: its blazing-fast transaction speeds and significantly lower fees compared to Ethereum. These factors have attracted a surge in user activity on the Solana blockchain, leading to a rise in transaction fees and MEV. Ethereum's Challenges Ethereum, the dominant smart contract platform, has been plagued by scalability issues for some time. The network often experiences congestion, resulting in high gas fees that can deter users and developers. While Ethereum is undergoing upgrades to address these issues, the process is ongoing. Solana's Price Performance Solana's economic momentum translates well to its price performance in 2024. SOL has significantly outpaced Ethereum in terms of returns year-to-date. As of May 20, 2024, Ethereum has delivered a respectable 31.5% return for investors. However, Solana has surged by an impressive 61.5%, currently trading comfortably above the $160 support level. This price surge reflects growing investor confidence in Solana's potential. The faster transaction speeds and lower fees make Solana a more attractive platform for developers to build decentralized applications (dApps) upon. Additionally, the increasing adoption of DeFi (decentralized finance) protocols on Solana further fuels its growth. Looking Ahead Solana's newfound profitability and strong price performance mark a significant development in the ongoing competition within the blockchain space. While Ethereum remains the industry leader in terms of market capitalization and established dApps, Solana poses a serious challenge with its superior scalability and lower costs. The coming months will be crucial in determining the long-term trajectory of both platforms. Ethereum's success hinges on the successful implementation of its planned upgrades. Conversely, Solana will need to maintain its network stability and attract a wider range of high-quality dApps to solidify its position. Investor Considerations The recent developments highlight the importance of considering both economic factors and price performance when evaluating cryptocurrencies. While Ethereum boasts a larger ecosystem, Solana's recent surge in profitability suggests it could be a more lucrative investment for validators. Investors with a long-term perspective should consider the potential of each platform to overcome its current challenges. Ethereum's established network may prove more resilient in the long run, while Solana's faster and cheaper transactions could attract a broader user base. Ultimately, diversification across these leading blockchains might be a prudent strategy for investors seeking exposure to the ever-evolving cryptocurrency landscape. Longby bryandowningqln222
Bullish for SOLSince 2024 started SOL has been forming what seems to be a megaphone pattern while also respectively following the FIB layout as well. If this week closes and continues to rise above the current FIB level on the weekly chart, I am predicting it could run to around 280 if not to the next FIB level. This is not financial advice and as always, DYOR. by tnywms12092
💰 #Solana Monthly Timeframe 🟢Fixation above the Key Zone 🟢💰 #Solana Monthly Timeframe 🟢Fixation above the Key Zone 🟢Massive Rounding Bottom Neckline of the Rounding Bottom is about to be broken soon imo🚀Longby CryptoSkullSignal1
Bullish bounce off 38.2% Fibonacci support?SOL/USD is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 155.02 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 149.20 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Take profit: 174.62 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group. Longby VantageMarkets1112
SOL - A Top Tier Coin Warming UpMany altcoins warming up now and although their are many top tier sleeping dogs; SOL is not one of them, pushing on up here. SOL is still only just above the previous high and may yet see a pull back before full breaking out, but its starting to look like the next wave up is underway as we looked at before. Weekly RSI is now pushing into the top quadrant and this should be a big clue that momentum is firmly to the upside. Such a complex correction but in the end it appears that it was just a 3 wave correction before a bullish impulsive wave. A series of resistance shakeouts pushing through the yellow 50 week moving average before eventually pushing up and above; finding support and re-testing the 50MA as described in the weekend video. So SOL is looking in great shape here and can be a good top tier coin to continue to average in on any small pull backs. Those sub $20 buys are looking good now 🙂. Not advice.Longby dRends35Updated 3335
solana to 180$ pivot point theory on the daily says top of the range is heavenLongby onlyoption1740116
Long SolanaTraders, As you know, I have restarted my signals subscription. My followers and I have done very well since the restart. But I don't want to forget about all of my TV followers. So, from time to time I do not mind throwing out a freebie. Here's my case for going long Solana here to $300. #1 - As indicated in the weekend video update, there are multiple indications that our pullback in the U.S. stock market is over for now. Blow-off top to continue. #2 - Bitcoin will not be held down. And as it pertains to our Solana chart: #3 - Solana has hit .618 fib fan retracement #4 - Double bottom held. #5 - Back above the 100 day SMA #6 - RSI downtrend broke #7 - Green RSI support held #8 - Hidden Bullish Divergence on RSI #9 - Awesome Oscillator on the rise! My target will be 2x the current price (so, $300) for a rrr of 3.25. This will be a longer-term swing. It may take a month. It may take the rest of the summer. Unknown. Longby stewdamusUpdated 2214
Solana Price Spikes With Analyst Sighting $200 As Next PivotSolana's price surge to $173 has sparked optimism among investors, with experts hinting at a potential rise to $200. The surge is driven by positive sentiment and upcoming upgrades, such as the Frankendancer upgrade. Syncracy Capital's co-founder Daniel Cheung expressed confidence in Solana's strength, highlighting its potential to reclaim $200. He also highlighted the potential for Solana ( CRYPTOCAP:SOL ) to reach $200 by the end of the month, a significant reversal in the monthly timeframe and readiness for new highs. As anticipation builds, Solana ( CRYPTOCAP:SOL ) remains a key focal point in the cryptocurrency market, with prominent players in the digital asset space attracted for its potential to reach new highs. BitMEX co-founder Arthur Hayes shared the Solana ( CRYPTOCAP:SOL ) price chart and advocated for accumulating the crypto in a blog post from early May. As of writing, Solana's price soared 3.01% to hit $173.25, after reaching a 24-hour high of $174.16. Despite the rally, its trading volume fell 25% to $2.71 billion, and the Solana Futures Open Interest soared 4.91% to $2.32 billion, suggesting a bullish sentiment in the market. The asset has a Relative Strength Index (RSI) of 63.97 which is moderately overbought.Longby DEXWireNews6
Solana AnaysisSolana Analysis 1. Price is in Accumulation area 2. Every Pullback can give a reason to Accumulate 3. BO of Resistance can give decent returnsLongby Alpha_Analyst107
Sol Still in DowntrendSol downtrend still has bearish momentum from rising wedge breakout 160 lower high confirmed, minor lower high confirmed at 150, Next significant move will either be a break of 156 or testing the low range of 138-132 Shortby tradertezUpdated 444
Running into resistance. Can it break through?Sol has taken off but now is in a bit of a pickle. It is in the resistance zone. Can it break through or will it retrace. My short resistance zone is near the $169. If it breaks through that then its off to the racesShortby JK_Market_Recap223
Solana Trance DanceWe start the analysis of the potential futures with the white curve. This curve will eventually be bypassed and my first assessment is that it could be broken before the price MIGHT reach the triangle. After the bypass, significant support needs to be encountered in order for a bullish scenario to be validated or at least taken into consideration. For potential support zones we have most of the the elements in the snapshot, and going through them we have the following: The purple curve. For the price to completely stay above the purple it needs a more robust bullish push and sentiment/mood, but even if it becomes resistance when/if broken down, we have price level 2, the green marked level of 139, and again, the big triangle. Looking for potential rebounds at any of these levels to consider the whole concept of the project as a candidate for success. (even if it is a break and a retest of any of these) On the up, we have the 1 price level which could act as resistance, potentially triggering a correction towards 2, or other elements where it would be ideal to find support: green rectangle, purple curve, or even level 3, and last but not least -> the triangle. Also on the up if the purple rectangle acts like a zone of influence for resistance or consolidation, hopefully these forces might disappear and let the price slide up as the rectangle ends. For the last note, it is wise to be more flexible, not get caught up on a specific scenario, and just watch the market and the price action and look for signs of what could happen in a different tune than what we hope. With that being said, ALL ELEMENTS in the project can or could act as support AND resistance, meaning that if a bullish scenario doesn't hold ground, any of these shapes could provide a turning point and reversal or change in tune. Hopefully the overall design of it will prove relevant, and the price will act in certain ways near these objects, making it easier to navigate on the Solana River into the future wherever it may take us, on the path of least resistance, similar to a Trance Dance. Party like it's 1999. But where? Bermuda? Havana? Turkey? or Shamballah? I hear the Moon is freezing cold but some might want to go there anyway. :)by nenUpdated 223
Sol is comming up against alot of resistanceWill it get through the hurdles? We have mapped put potential upside targets are ascending resistance zones. Are you buying or shorting at resistance?Shortby JK_Market_Recap1
Solana Surges: Can It Break Past $204 Resistance?Solana (SOL) has defied the recent crypto market slump, surging nearly 15% and reclaiming the crucial $150 resistance level. This positive momentum has analysts excited about the possibility of further gains, with $204 emerging as the next key hurdle to overcome. Breaking Through Resistance The recent SOL price increase follows a period of consolidation. After finding support around $138, Solana staged a breakout above the $150 resistance level. This bullish signal is further bolstered by the price now trading above the 100-hourly simple moving average, an indicator often used to gauge short-term momentum. Technical Analysis Paints a Bullish Picture Technical indicators on the hourly chart add weight to the bullish sentiment. The SOL/USD pair successfully breached a key bearish trend line with resistance at $148. This breakout suggests a shift in market control from sellers to buyers. Analysts believe that if SOL can maintain its position above $158, a clear path towards the $165 resistance zone opens up. Recent Developments Fueling Optimism Several recent developments are likely contributing to Solana's positive price movement. The highly anticipated launch of staking on Robinhood, a popular trading platform, has undoubtedly boosted investor confidence in SOL. Staking allows users to earn rewards for holding their crypto assets, making SOL a more attractive investment option. Furthermore, Solana's continued focus on innovation with the introduction of its new Liquidity Layer is another factor generating excitement. This layer aims to improve decentralized exchange (DEX) functionality on the Solana blockchain, potentially attracting more users and developers to the platform. Challenges on the Horizon Despite the current bullish outlook, some analysts remain cautious. Overcoming the $165 resistance level will be a significant test for SOL. If the price fails to hold above $158 and falls back below $150, it could indicate a potential reversal in the uptrend. Moreover, the broader cryptocurrency market remains volatile. A significant downturn in Bitcoin (BTC) or Ethereum (ETH), the leading cryptocurrencies, could trigger a sell-off in SOL, even if its own fundamentals remain strong. Looking Ahead Solana's recent surge is a welcome sign for investors who believe in the project's long-term potential. The successful break above $150 and the positive technical indicators suggest that the momentum is currently with the bulls. However, the $204 resistance level presents a significant challenge. Close attention should be paid to whether SOL can maintain its gains above $158 and how the broader cryptocurrency market performs. If these factors align, there's a good chance Solana could continue its upward trajectory and establish a new price floor above the current resistance level. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions. Longby bryandowningqln115