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Solanaprice

Solana: Check! ✔️✏️As planned, Solana has worked its way through the turquoise zone between $22.45 and $17.82 and completed wave 2 in green. Now that this to-do is checked off, our crypto-friend should gather some upwards momentum, which should propel it out of the turquoise zone and further northwards to finish wave 3 in green. However, there is a 20% chance that Solana might not be able to activate the necessary drive and thus slips below the support at $16.01. In that case, we would expect the altcoin to develop a new low in the form of wave alt.ii in orange first before heading upwards.
BINANCE:SOLUSD
by MarketIntel
Solana (SOLUSDT) Price AnalysisPrice has been consolidating near the support level for a few days. The support level of $19.65 also represents Fib 0.618 level. If price breaks above the consolidation zone with Volume greater than Volume-21MA, we might see price moving to HKEX:27 which is also Fib 1.0 level. If the price breaks above HKEX:27 , we can see it moving to $38.65 (Fib 1.618). If price breaks below, the support level of $ 19.74, next support level is $17.5. Note: Studies are for educational purposes only. We will not be responsible for any of your Profits & Losses. Please trade with a proper risk management strategy to avoid huge capital loss.
Long
by Prachi3009
6
#Solana in a Rising Wedge, Cooling Off After a 2X SurgePast Performance of Solana Solana remains within an uptrend. However, from the daily chart, prices are struggling to pump higher with the same strength as before. As it is, SOL has support between $20 and $22 with a clear upper limit at $26. Per this setup, the uptrend will be valid only if SOL surges above last week's highs with expanding volumes. #Solana Technical Analysis After a near 2X rally from December lows, SOL is cooling off. However, the uptrend remains and will be the case as long as the coin is above $20. Presently, prices are in consolidation, rising within a wedge as lower lows print relative to the upper BB. Based on the SOL candlestick arrangement and the flat-lining of prices in the past few sessions, traders can wait until there is a breakout below $20 or above $26 before committing. Losses below $20 may see SOL drop to $16, the 78.6 percent Fibonacci retracement level of the December to February trade range. What to Expect from #SOL? Amid the recent consolidation, traders might look to exit their longs. Whether they would double down depends on the reaction at the above-mentioned reaction lines. Losses below $20 would see Sol drop even lower in an expected retracement. Conversely, a bull breakout above $26 may lift SOL to new Q1 2023 highs. Resistance level to watch out for: $26 Support level to watch out for: $20 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
SOL positioned for breakout! (mobile phone releasing early 2023)Right shoulder is above the head and is primed to move through that ascending channel into a range of $26 USD. Don't be surprised if we achieve that before midnight Sunday. Be enthused when you see it back at the $30 USD mark. Sell pressure has waned for a reason. Fundamentals are out, Solana Mobile is releasing the worlds first and only crypto phone & every SOL based project is making a push to be in the dApp store. The major caveat being the SEED Vault. A SEED is like having a phone in a phone. Your passwords & seed phrases are essentially air gapped. No one can access your SEED Phrase. No malicious third party can use an ad network too violate permissions. Thus making the phone & your Solana Quantum proof. This isn't an ad, i'm not sponsored... i own a developer test kit model so i could beta test GRIZZLY HACK-A-THON projects. For the past two weeks it's given me overwhelming confidence to UP UP UP my SOL bags. No other chain has a 512 GB phone or a Quantum seed vault. Holding Solana is like holding Tesla stock pre-split. The business venture is backed by Google & Android. EoY prediction for SOL: $1355 USD is what i have personally set targets for on a per unit basis. No price prediction target forecast genuinely factors in the Solana Mobile venture. The phone is ideal for .... "Blockchain Gaming", "Solana Pay", & NFT/credential storage An analysis of the total Blockchain-wise NFT sales volume over the last 30 days would reveal that Solana is at the second position. Recently, Solana Ventures and the Solana Foundation formed a $100-million fund to help support the growth of NFT, blockchain gaming, and DeFi projects in South Korea. The blockchain registered a month-on-month increase of over 18%. Ethereum, on the other hand, saw a decline of 23.75% during this timeframe. The recent spike in these NFT volumes ultimately renders SOL to be more useful while revealing the underlying growth of its NFT projects.Also, Meta's intentions to include Solana-based NFTs on Instagram reignites recovery hopes for the token. USD 15.54 Billion The global Non-Fungible Token (NFT) market size was USD 15.54 Billion in 2021 and is expected to register a revenue CAGR of 34.2% during the forecast period. In 2021 North America was attributed to 52.8% of global volume. DYOR | Not financial Advice
COINBASE:SOLUSDLong
by BIG-BLACK-CRYPTO
Solana SOL price will reach $31, the only question is how)Now, SOLUSDT buyers have one goal: to push the price as close to $31 as possible. There is a powerful liquid zone there, which is pulling the SOLANA price towards it like a magnet. The only question is which way they will go there: If they can confidently fix the SOL price above $23, then the blue route is realistic. If buyers relax even for a second, sellers will become more active. They need to defend their short positions, which were gained on the "negative news around FTX and SOLANA." As a result, the red scenario and the drop of SOL price to the $13-15 range Which scenario do you prefer, and which is more realistic in your opinion? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
33
#Solana consolidates after dumping 65%, Resistance at $14.8Past Performance of Solana There are glimpses of hope for Solana. However, SOL is bearish, and there needs to be a price action for this preview to change. As an illustration, the coin is down 65 percent from November highs at spot rates. Besides, despite gains across the board on December 8, SOL prices are within a bear-engulfing bar in the daily chart. #Solana Technical Analysis From the daily chart, Solana prices are under pressure. SOL stabilized on December 8, edging higher. However, the December 7 bearish engulfing bar defines the short term. Resistance is at $14.8, and bulls must break above the current consolidation for the uptrend to take shape. Ideally, if SOL edges above this week's highs, the coin could expand to correct the undervaluation of November 10. In that case, SOL bulls can target $18.1. Losses below $12.9 will invalidate this bearish preview. What to Expect from #SOL? Solana is plagued by their exposure to FTX and projects losing confidence in the network. The combination of these events could slow down SOL's uptrend. Resistance level to watch out for: $14.8 Support level to watch out for: $12.9 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Solana in a Breakout Despite SOL Cool Off, Support at $30Past Performance of Solana Solana's performance has been exemplary over the weekend. From October bottoms to last week's peaks, SOL rose nearly 40 percent. However, notable gains were seen on the past three days when SOL broke above critical resistance levels in the past two months, breaking above $35 with decent trading volumes. At spot rates, SOL buyers are still in control despite today’s losses. Therefore, as long as prices are above $30, every low may be a loading opportunity for aggressive bulls. #Solana Technical Analysis Solana bulls are confident. Even though there is a cool-off, clear from the SOL daily chart, the uptrend is firm. Cementing this preview is the relatively low trading volumes accompanying sellers of November 6 and 7. Besides, prices are within the November 4 and 5 high volume bull bars. Therefore, in a bullish continuation formation, the coin could have more upsides. As such, aggressive traders can buy the dips, targeting September highs at around $40 in the short term as they expect SOL prices to recover after Sunday's losses. Further gains could see the coin soar to retest August 2022 highs at around $50. On the reverse side, losses below $30 would nullify this preview, swinging price action to favor sellers. What to Expect from #SOL? Overall, Solana is bottoming up after sharp losses in the last year. As it is, SOL buyers are resilient, and prices could begin floating higher in Q4 2022 in a welcomed recovery. Subsequently, astute traders may plan to ride the uptrend, expecting a retest of Q3 2022 highs. Resistance level to watch out for: $40 Support level to watch out for: $30 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Solana Pulling Higher from September Lows, SOL Might Retest $38Past Performance of Solana Solana losses have been profound and rapid, reading from the formation in the daily chart. As an illustration, SOL prices are down 88 percent from 2021 peaks and technically remain under pressure despite gains of October 25. At spot rates, the coin is up four percent and pulling away from 2022 lows, adding 18 percent in four months. #Solana Technical Analysis Higher highs relative to the lower BB point to a possible shifting momentum. However, trading volumes of the past four to five trading days have been low, meaning these upsides might not be with higher participation, an indicator of apprehensive traders. All the same, this can change, especially if there is a decisive break above the dynamic resistance line, the middle BB, confirming gains of the past three trading days. In that case, traders can load the dips above $27, last week's lows, targeting $38, or September 2022 highs. What to Expect from #SOL? SOL is riding the crypto revival, possibly impacting sentiment. As it is, the bullish engulfing bar of October 25 may be the foundation for a leg up toward September highs, an opportunity for aggressive traders. Resistance level to watch out for: $38 Support level to watch out for: $27 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Solana Prices Consolidates, SOL is Firm above $30Past Performance of Solana Like the rest of the markets, Solana prices are depressed. The daily chart shows SOL is within a bear formation, interpreted from a top-down preview. Although bears are in control, prices are inside a bull bar, at least in the short term, and firm above $30, a strong reaction point and support. #Solana Technical Analysis There are flashes of strength, reading from how prices pan out in the daily chart. Despite these markers of strength and rejection of lower prices, sellers dominate from a top-down analysis. Even with SOL accumulating, the immediate trend is southwards from an effort versus result analysis. In the meantime, gains above $33, on the back of rising volumes, may see SOL expand to $35 in a welcomed reprieve. This formation will, most notably, confirm the gains of August 29, laying a base for a possible recovery to August 2022 highs of around $50. What to Expect from #SOL? SOL is at around the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. It is a typical level from where most crypto prices historically bounce after deep retracements. Whether this will be replicated depends on whether SOL bulls hold above the immediate support at $30. Resistance level to watch out for: $33 Support level to watch out for: $30 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Solana is Down 75% from April highs, SOL Support at $32Past Performance of Solana Solana is freefalling when writing, dropping 75 percent from April 2022 highs and approximately 30 percent from August highs. The liquidation at spot rates reflects determined sellers, heaping pressure on the coin in a bear breakout formation. At this pace, it is highly likely that SOL bears may unwind the relief gains from mid-June to early August. #Solana Technical Analysis Yesterday's losses reaffirm the strength of bears and the strong liquidation pressure when writing. Per the formation in the daily chart, SOL is within a bear breakout following losses on August 19. The bear engulfing bar had high trading volumes. It was a break-away candlestick signaling a shift in momentum favoring sellers and continuing the trend from early April. The immediate support line, and bear target, is at $32. Further losses could see SOL tank to 2022 lows at around $26. If sellers press on, Solana may easily break to register new 2022 lows, forcing the coin towards $22 and $16. What to Expect from #SOL? The sell-off across the board is exacerbating the situation in Solana. Combined with fundamental factors, the SOL drawdown could be accelerated. Currently, traders are watching how prices react at $32, projecting more doom if there is an effortless slide below the critical support. Resistance level to watch out for: $40 Support level to watch out for: $32 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Solana in a Rising Wedge, Primary SOL Resistance at $44Past Performance of Solana Solana might be down 75 percent from April 2022 highs but has since recovered, rallying 31 percent from 2022 lows. There are hints of strength following the rejection of lower prices on July 13. At the back of expanding trading volumes and wide-ranging prices from around a critical support trend line, SOL prices might bounce higher in the immediate term. #Solana Technical Analysis From the SOLUSDT candlestick arrangement in the daily chart, sellers have the upper hand. However, the rejection of lower prices with rising trading volumes from the support trend line at around $34 indicates strength. Technically, risk-off traders can load the dips, targeting June 2022 highs of $44. Meanwhile, conservative but bullish SOL traders can wait for a clean break above $44 before buying on dips with targets at $60. Any reversal with rising participation levels below $34 nullifies this forecast, paving the way for sellers set on retesting 2022 lows of $26. What to Expect from #SOL? Solana prices are within a rising wedge as per the formation in the daily chart. With prices reversing from a critical support trend line and bouncing from 2022 pits, prices may inch higher in the short term. Still, a clear trend definition depends on the breakout above $44 or a dump below $34. Resistance level to watch out for: $44 Support level to watch out for: $34 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#Solana Revival, SOL adds 10% and Reverses from $31Past Performance of Solana Solana, like most crypto assets, is rising with the tide. At press time, SOL is up 10 percent in the last trading day but still in red week-to-date. The rejection of lower prices could signal a local bottom for the coin at around $31, flashing with last week's lows. #Solana Technical Analysis SOL is trading within a narrow range, and sellers are still in charge. However, there are encouraging higher highs with clear support at around $31, marking last week's lows. Currently, prices are recovering from the 61.8 percent Fibonacci retracement level of the June 14 to 25 bullish range. Further gains in follow-through of the June 4 bull bar may draw more buyers into the equation, possibly lifting SOL towards June 2022 highs of $43. Therefore, risk-off traders may find entries on every correction above $31, targeting $43. If not, losses below last week's lows will nullify the bullish preview, paving the way for sellers targeting $25. What to Expect from #SOL? Buyers may take charge in the short term as long as SOL prices are above last week's highs. Further confirmation of June 4 gains may see the coin float towards last month's highs. Resistance level to watch out for: $43 Support level to watch out for: $31 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Solana in Range, SOL Finds Support at $33Past Performance of Solana Solana is still in the top 10 but down eight percent on the last trading day. From the SOL candlestick arrangement in the daily chart, the coin is within a bullish breakout pattern, trading above the middle BB—a flexible resistance level. Overall, buyers appear confident even though prices are within a tight $10 range below $43. #Solana Technical Analysis After deep losses from early April, prices broke above the middle BB for the first time in over six weeks—a shot in the arm for buyers. As prices recover, buyers can add to their longs, provided prices are above the middle BB. The first target is at $43—last week's highs—and if buyers build up momentum, the coin may rally another 40 percent to retest $60—a critical reaction level in May 2022. Conversely, bears will be back in contention once there is a close below the middle BB and $33. In that case, SOL may drop to retest 2022 lows at $26 in a bear continuation pattern. What to Expect from #SOL? SOL is at around H2 2021 lows at spot rates. While SOL is firm, buyers need to break above immediate resistance levels for confirmation. Any drop below $23 may draw sellers angling for $13—or worse. Resistance level to watch out for: $43 Support level to watch out for: $33 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Solana Slumps 90% from Peaks, the SOL Meltdown continuesPast Performance of Solana SOL prices are crumbling in reflection of the entire state of the crypto market. Bears have been relentless, and the sell-off had a massive effect on SOL bulls. At spot rates, the coin is less than $10 from H2 2021 lows. Currently, SOL is down eight percent in the last trading day and 30 percent in the last week of trading. #Solana Technical Analysis Bears are in control, and SOL prices are trading near 2022 lows. A close above $35 would be ideal for optimistic bulls. However, at the current state and sellers doubling down, every pullback provides entries for sellers targeting $22 in a bear breakout continuation pattern. With confirmation of steep losses from early May 2022, bears are likely to fully unwind gains of the second half of 2021. Thus far, there are hints of weakness with SOL bars banding along the lower BB and diverging from the middle BB pointing to strong selling pressure and high volatility. What to Expect from #SOL? SOL is weighed down by apprehensive traders and fundamental reasons such as network failures. These could feed bears, fueling the sell-off. At the current pace, SOL prices are likely to crumble back to $22 and retest H2 2021 lows. Resistance level to watch out for: $35 Support level to watch out for: $22 Disclaimer: Opinions expressed are not investment advice. Do your research.
BINANCE:SOLUSDShort
by Bitcoin_Analyzer
Solana (SOL) to $310 in Q3-2023 (continuation 2)This is an extension post about my previous idea that was well received. I'll post the initial idea down below as a related idea, for easy reading. The bear pattern is officially broken and we have officially entered the bull market. The current trading at $109 is following my initial idea of a variation of the bullish falling wedge pattern. Using the Fibonacci Retracement indicator we can clearly see the that the 1.272 level of Fibonacci is our goal, that would be exactly $310. The idea is that we'll see another long triangle stretch of a variation of a bullish falling wedge, that is if we break through the current bear pattern (which we just broke through as we speak). As everyone knows, the war between Ukraine and Russia is bringing a lot of tension on the markets. These are uncertain times, and with uncertainty comes indecisiveness. We're still in the phase of resistance, the very first step into the journey of acceptance. Google it, it's worth a read and applies to many concepts like crypto. Believing that the cryptocurrency will grow in the future like it is doing now, people will keep on holding their cryptocurrencies with staking. Banks and governments will ultimately have to bend and shape into the new era of digital economy, you see this happening everywhere. Let me know what you think, thanks for reading. Thumbs up to this post are sincerely appreciated. ~ Murkemur
BINANCE:SOLUSDLong
by Murkemur
2
SOL Solana: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Solana (SOLUSD). The chart is self-explanatory. The price is in a Descending Channel and very close to the multi-month Support Line. There was a recent Death Cross (50/200 SMA cross) on the 1D Chart, which is bearish. The RSI and MFI are moving upwards on the support line. Volume is decreasing. Keep a close eye on the RSI and MFI support and resistance line. If price moves up, there may be resistances of the EMA Ribbons and Ichimoku Cloud. Included in the chart: Trend line, Support and Resistance Lines, Ichimoku Cloud, Volume, RSI, MFI (Money Flow Index), Descending Channel, EMA Ribbons, and 50 and 200 Simple Moving Average. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
FTX:SOLUSD
by MillionaireEconomics
3