Solana looking bullish for a long trade.Solana has been trading in an ascending triangle since the top of the 2021 bull market. Ascending triangle is a bullish pattern. If Solana can close a few weekly candle and hold support at $250, it would be really bullish for Solana possibly head towards the $500-700 range.
Watch the stochastic RSI on the monthly closely, once it closes above the 20 level it will be bullish as momentum picks up, the last time it did this was in Jan 2023 than solan went from $8 to $295.
Happy Trading
Trade ideas
Bullish but not bullish enough yet for a tradeMy overall bias for Solana is bullish. Currently I only own the underlying asset, but I have been waiting for the right set up to arrive to open a leveraged long position.
The way I am looking at the market right now:
Monthly chart:
In the last crypto cycle, Solana reached ATH in Nov 2021 and started to enter the macro bear trend. The price dropped sharply from $260 to $75 in the matter of three months. The price temporarily bounced up to $125 approx. (Red horizontal line in the chart) but it was a dead cat bounce. It failed to move above it and it was the beginning of the official bear market.
When you look at the price action of the last 18 months in a monthly chart, the price has been mostly moving between $125 and $205. However, the price wicked down to $96 in April this year. Since then the price is forming higher high higher low despite messy price action.
Both RSI and MACD are in the bull territory but they are slowly rolling to the downside. Stochastic on the other hand reached oversold territory and is now moving to the upside.
As long as RSI and MACD stay in the bull zone, the current price move is a corrective one.
Currently the price is sitting in the middle of the range bound of the last 18th months.
Weekly chart:
Price is trapped in the range bound and also is the ascending parallel channel.
EMA21 and 55 are bunched up together and running horizontally.
RSI is trapped in the 40-60 range and sliding across.
MACD is tilting to the upside but failed to enter the bull zone.
Stochastic is showing bearish negative divergence.
Base on all the indicators and price action in the weekly chart tell me the price is in a slow decline, but it is more like a tight sideway consolidation.
Daily chart:
EMA21> EMA 55> EMA200 - bullish but not perfect
EMA 200 is dead horizontal and a today's daily candle is sitting on EMA200.
MACD is entering the bear zone. MACD line is about to enter the bear zone. But the stochastic reached oversold territory and now is moving to the upside.
Conclusion:
My number one rule of trading is I stay away from trading when EMA200 is dead flat and the price is oscillating around it. I have lost money numerous times by trying to guess which way the price will move. No point of front running when EMA200 is flat. The price will break out eventually but I need to wait for a clear direction to emerge.
As I wrote in my previous articles. I think the current price move is a corrective one. The price will eventually move to the upside but I have no idea when. What I am focusing on now is to watch where the price will retrace to before it takes off in the daily chart. It may not take off, so I just want to wait and see.
There are a few fair value gap in the Fib 0.618 and 0.786 zone (blue rectangular box) and it is also where the ascending trendline intersects. So it is possible for the price to move further down to that area.
SOL Institutional Capital Fuels Bull Run SpeculationSolana's Ascent: A Perfect Storm of Adoption and Institutional Capital Fuels Bull Run Speculation
A powerful and rare confluence of tangible real-world adoption, significant institutional investment, and bullish technical indicators is generating a palpable buzz around Solana (SOL). The high-performance blockchain, often touted as a leading "Ethereum killer," is experiencing a resurgence that has captured the market's attention. After a period of sideways consolidation, SOL has decisively broken through key psychological and technical price levels, igniting speculation that this may be the start of a sustained and powerful bull run.
The narrative driving this optimism is not based on fleeting hype but on two concrete, fundamental pillars. The first is the global shipment of Solana Mobile's second-generation smartphone, the "Seeker," a device engineered to onboard millions into the Web3 ecosystem by seamlessly integrating crypto into the user's daily life. The second is a powerful vote of confidence from the traditional finance world, where a growing number of publicly traded companies are aggressively accumulating SOL for their corporate treasuries, treating it as a strategic reserve asset. As these foundational tailwinds gather force, technical charts are beginning to align, suggesting that the path of least resistance for Solana's price may soon be sharply upward.
The Seeker Phone: Solana's Trojan Horse for Mass Adoption
Perhaps the most visible and innovative catalyst is the global rollout of the Seeker smartphone. Following up on its first-generation "Saga" device, Solana Mobile has initiated the shipment of tens of thousands of pre-ordered Seeker phones to a global audience. The market's reception has been nothing short of explosive, with pre-orders soaring past 150,000 units—a dramatic increase from the 20,000 total sales of its predecessor. This overwhelming demand underscores a pent-up desire for a mobile-native Web3 experience.
But the Seeker is far more than just a piece of hardware; it represents a strategic masterstroke to solve the persistent problem of user experience in the crypto space. For years, interacting with decentralized applications (dApps) on mobile has been a clunky, insecure, and fragmented process, creating a high barrier to entry for the average consumer. The Seeker directly addresses these pain points. It features a built-in crypto wallet and a hardware-isolated "Seed Vault," which secures a user's private keys in a protected environment within the phone, drastically enhancing security and simplifying transactions.
This mobile-first approach creates a powerful economic flywheel. Priced accessibly, the phone is projected to generate substantial revenue for Solana Mobile. However, its true value lies in its ability to foster a vibrant, self-sustaining ecosystem. Each device includes a "Genesis NFT," a digital key that unlocks exclusive airdrops, rewards, and early access to new applications. This model, which proved incredibly successful with the Saga phone and the famous BONK memecoin airdrop, gamifies participation and incentivizes users to actively explore and engage with the Solana network. It transforms the phone from a passive communication tool into an active portal for decentralized finance (DeFi), NFT marketplaces, and Web3 gaming.
Furthermore, the Seeker boasts its own decentralized dApp store, presenting a direct challenge to the incumbent duopoly of Apple and Google. By offering developers a platform with lower fees and fewer restrictions, Solana is cultivating an environment where innovation can flourish. This attracts builders to the ecosystem, leading to a richer and more diverse array of applications, which in turn attracts more users. The Seeker phone, therefore, is not just a product—it's a Trojan Horse designed to embed the Solana network into the fabric of daily life, driving network utility, transaction volume, and ultimately, sustained demand for the SOL token.
The Institutional Stampede: Big Money Places Its Bet on Solana
While the Seeker phone provides a compelling grassroots adoption narrative, it is the concurrent wave of institutional investment that adds a powerful layer of validation and financial firepower. A growing cohort of publicly traded companies is now strategically adding SOL to their corporate treasuries, signaling deep-seated, long-term confidence in the network's technology and economic potential. This trend moves Solana beyond the realm of speculative trading and into the domain of strategic corporate finance.
Leading this charge is DeFi Development Corp (DFDV), a firm that has made headlines with its aggressive accumulation strategy. The company recently purchased an additional 110,466 SOL, bringing its total holdings to a staggering 1.29 million SOL. This move is part of a publicly stated ambition to hold one SOL per outstanding company share by 2028, a strategy explicitly modeled after MicroStrategy's high-conviction Bitcoin treasury plan. By securing a multi-billion dollar line of credit for these purchases, DeFi Dev Corp is making a clear and unequivocal bet on Solana's future.
This institutional embrace extends beyond a single entity. Upexi Inc., a consumer brand holding company, has significantly increased its SOL holdings and secured a $500 million credit line for further acquisitions. Bit Mining, a prominent player in the digital asset mining space, has not only purchased millions of dollars worth of SOL but has also launched its first Solana validator, contributing directly to the network's security and decentralization. Perhaps most surprisingly, Artelo Biosciences, a Nasdaq-listed pharmaceutical company, has pivoted to include SOL in its treasury, becoming the first public pharma firm to adopt a digital asset as a reserve.
These companies are drawn to Solana for its unique combination of high throughput, low transaction costs, and yield-bearing potential. The network's ability to process thousands of transactions per second at a fraction of a penny makes it a viable platform for enterprise-grade applications. Furthermore, the ability to stake SOL and earn a consistent annual yield of 7-8% presents a compelling alternative to holding depreciating fiat currencies or low-yield government bonds. This makes SOL an attractive treasury asset that can both appreciate in value and generate a recurring revenue stream. This institutional inflow provides robust price support and has an outsized market impact, as it effectively removes large quantities of SOL from the circulating supply, creating a potential supply shock as demand continues to grow.
Coiling for a Breakout: A Technical Perspective
This potent mix of fundamental catalysts is vividly reflected in Solana's price chart, which shows the asset coiling for a potentially explosive move. After establishing a solid foundation of support, SOL has demonstrated significant strength by breaking through the crucial $160 and $162 levels. The price is now trading firmly above its 100-hourly simple moving average, a key indicator that traders use to gauge short-term trend momentum. A price holding above this moving average is generally considered a sign of bullish health.
Currently, a key bullish trend line has formed on the hourly chart, with immediate and strong support located at the $165 mark. This level now acts as the first line of defense for the bulls; as long as the price remains above it, the upward trajectory is considered intact. However, the path higher is not without obstacles. The first major test awaits at the $172 resistance zone. A decisive and high-volume break above this level would signal that buyers are in firm control and could trigger a cascade of further buying.
Should the bulls conquer $172, the next significant hurdle lies near the $180-$182 range. Overcoming this area would open the door to a more sustained rally, with analysts eyeing subsequent targets at $192 and the psychologically important $200 level. While these technical levels present challenges, the underlying momentum indicators are encouraging. The Moving Average Convergence Divergence (MACD) is showing bullish acceleration, and the Relative Strength Index (RSI) is holding strong above the 50 midpoint, indicating that buying pressure is outweighing selling pressure.
Of course, no market moves in a straight line. A failure to break the $172 resistance could lead to a temporary pullback. If the $165 support level were to fail, the next support zones would be found near $160 and $155. A break below these levels could signal a short-term bearish reversal and would invalidate the immediate bullish thesis. However, given the powerful fundamental drivers at play, many analysts believe that any such dips would likely be viewed as buying opportunities.
The Verdict: Is This the Definitive Catalyst?
Solana currently finds itself in an exceptionally strong position. It is one of the few blockchain projects that can boast a clear, tangible strategy for mass adoption through its mobile initiatives. The Seeker phone is a game-changer, providing a seamless on-ramp to Web3 that could onboard a new generation of users.
This powerful fundamental narrative is being amplified and validated by a wave of institutional capital. The strategic accumulation of SOL by public companies lends the asset a new level of legitimacy and provides a powerful source of demand that is unlikely to waver based on short-term market fluctuations.
When these two forces are combined with a bullish technical structure, the result is a perfect storm of positive catalysts. While the broader crypto market will always be subject to macroeconomic factors and regulatory shifts, Solana has carved out a uniquely compelling growth story. The immediate challenge is for the bulls to maintain their momentum and decisively break through the upcoming resistance zones. If they succeed, this confluence of events may very well be remembered as the definitive catalyst that propelled Solana into its next major bull run, solidifying its position not just as a competitor, but as a leader in the new digital economy.
Bulls will be disappointed - Weekly Update August 5-11thSolana appears to be in the final leg of a complex corrective structure. According to the current Elliott Wave count, the larger cycle degree is unfolding in a downward wave c, while the primary degree is in an upward wave B, subdividing into intermediate wave C, which itself is in minor wave C—now developing.
The corrective decline from the July high has retraced toward the 0.618 Fibonacci retracement level (~$157) of the prior move, marking a typical zone for the end of Wave B within a flat or zig-zag formation. From this low, Solana has begun to push higher, indicating the likely beginning of Wave C to the upside. Based on Fibonacci extensions, the potential target zone for this move lies between $236 (1.0 extension) and $254 (1.236 extension).
From a market structure perspective, funding rates across major perpetual futures markets for SOL remain slightly negative or neutral, indicating that the majority of traders are not aggressively long at this stage. This often provides a more stable environment for an upward move, as it suggests the absence of overcrowded long positions that could lead to sharp liquidations. For reference, data from Velo (as of August 5) shows funding on Binance SOLUSDT Perpetual at 6.07%, confirming this neutral-to-slightly-bearish bias in funding.
Additionally, open interest has been neutral since the local low around $157. This is visible on futures data platforms such as Velo.xyz.
However, the liquidity heatmap does not currently support a strong magnet effect toward the $236–$254 zone. There is no significant cluster of stop liquidity or resting orders above $230 that would attract price purely through liquidation mechanics. In contrast, notable liquidity still resides below current levels, making the setup more technically driven than structurally supported by liquidity.
Given these conditions, the case for a C-wave rally remains technically intact, but traders should be cautious: the absence of upper-side liquidity and the corrective macro context imply that this move, even if successful, is likely a countertrend rally within a broader bearish cycle structure.
In conclusion, as long as price holds above the $157–$166 support zone and maintains impulsive structure on lower timeframes, the outlook remains short- to mid-term bullish toward the $236–$254 area. Yet, any breakdown below $157 would invalidate this wave count and suggest that Cycle Wave c may already be resuming to the downside.
SOL Breakout + Retest? RSI Oversold SOL's back at a key trendline with low RSI and a full EMA cross loading. This could be the bounce if bulls show up.
📌 Breakout + retest holding trendline support
📌 Full EMA cross potentially forming
📌 RSI deep in the oversold zone
⏱️ Timeframe: 1H
#sol #solusd #crypto #tradingstrategy #tradingview #technicalanalysis #quanttradingpro
SOL 15m Ready to Rumble? Possible Double Setup!Two decent setups on Solana’s 15m, one bounce play off key support, the other a breakout rip targeting quant resistance.
Setup #1 — Mean Reversion Long:
• Entry: 161 to 162
• Stop: 158.78 (sits on quant S1 = 158.67)
• Target: 166.62
• R/R: 2.4x
This setup rides the bounce from support that matches pivot S1. Confirm with candle wick + volume punch.
Setup #2 — Breakout Continuation:
• Entry: Above 166.62
• Stop: 164 (tight) or 154.86 (sits above quant S2 = 153.41)
• Target 1: 171.38 (just under quant R1 = 172.46)
• Target 2: 180.99 (quant R2 if price rips)
• R/R: 1.6x to 3.4x
Break needs volume. R1 is the battlefield. If we nuke through, R2’s next.
Quant Levels to monitor:
• Support:
S1 = 158.67
S2 = 153.41
• Resistance:
R1 = 172.46
R2 = 180.99
R3 = 186.25
Daily ATR ~11 pts — volatility is favorable
Structure and confluence are clean. Execution depends on price confirmation.
Still bullish My overall bias for Solana is bullish.
It has been a difficult asset to trade, however, I can still see bullish momentum is building up in higher time frames:
Weekly:
1) MACD line (faster line) has finally entered the bull zone since it dropped to $95 on April 25.
2) RSI line (orange one) has entered the bull zone.
3) EMA 5 > EMA21> EMA 55
Daily:
1) EMA 21> EMA55> EMA200
2) MACD lines are still in the bull zone.
3) Stochastic has reached the oversold territory and crossed to the upside.
4) The price is still forming higher high higher low above the ascending trendline.
5) The price has retraced to Fib 0.618 and now it is bouncing up.
6) The daily candle on 2n August closed at Fib 0.618 and yesterday's candle closed above both EMA55 and 200.
As I mentioned in my previous articles, when EMA55 crosses above EMA200, the price often retraces significantly before it starts to move to the upside. So I was prepared for the price to drop to Fib 0.382, 0.5, 0.618 or 0.786. At the moment, Fib 0.618 seems to be working as the lines of support.
The current price action looks good for the bull, however, $185-200 zone has been a very tough area to break. Therefore, I am prepared for a few scenarios:
Scenario 1: The price will move to Fib 0236 zone at $188 area. It fails to break above and drops to retest either the ascending trendline or wicks down to Fib 0.786/$143 area.
Scenario 2: The price will move to Fib 0.236 zone, consolidates in the area and moves up.
Scenario 3: It fails to move above Fib 0.236 level, drops below the ascending trendline and Fib 0.786. If it happens, I need to re assess my bullish bias.
Solana definition of movementSOL is in a squeeze phase: the price is holding above $163, but meets resistance around $183-186. Indicators show neutral, slightly weak momentum. A break above $186 with increasing volumes will open up potential at $190+; a break below $178 will lead to a deeper correction to $171-170. Until then, it is worth watching the 20-d EMA hold and reactions to it.
SOLANA Chart Fibonacci Analysis 080325Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point 160/61.80%
Chart time frame:B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress:A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
SOLUSD- Has a long-term sport between 155 and 158Technical Analysis by AI
💵 Current Price & Market Context
• SOL trading around $158–$160, down about 2–3% today, still down ~14% from last week’s top near $180+.
🧭 Trend & Momentum
• RSI near 41–47 → not oversold but on the lower side.
• MACD still leaning bearish. Momentum: neutral to slightly bullish across indicators.
🛠️ Support & Resistance
• Immediate support at $160, stronger support at $154.
• Resistance at $172–$176, bigger barrier around $180–$190.
📈 Pattern Behavior
• Still holding an ascending channel, currently sitting near the lower band.
• Failed breakout at $180–$190 means that’s a hard ceiling unless broader market turns bullish.
⸻
✅ Trade Thoughts Based on This
Aspect
Bias Neutral to bearish short-term
Entry Zone Valid? Yes, $156–158 is still solid
Key Level to Watch
$154 — if breaks, downside likely
Upside Potential Target $172–176 short term
Breakout Ceiling $180+ tough without volume/sentiment
⸻
🧭 What You Should Do Now
• You’re in near $156–158 → good spot as long as $154 holds
• If price dips to $154 and bounces: still valid
• If breaks $154: prepare to cut, next support is ~$145
• If price moves above $170: momentum could take it to $176+
• Don’t chase anything. Wait for volume or bounce from support
My View for SOLANA next moveMy View for SOLANA next move.
Technically, SOL has been trading within a channel for a while now, with the formation of HHs and HLs.
If fundamentals play out positively long to mid-term, we are likely to see SOLNA fall to $150 zone before another upward leg forms. This leg may rally to as high as $220.
Trade with care.
If you found this helpful, please connect with me.
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Very Bullish!!
Solana chart looks very bullish. The price is currently dropping but I think it is a very healthy correction.
Weekly chart:
1) all momentum indicators just entered the bull zone.
2) The chart is forming higher highs.
Daily:
1) EMA55 finally crossed EMA200. The last time they crossed was October 2023 (see red vertical line in the chart) and it was the beginning of the macro bull trend.
2) Momentum indicators have reached overbought territory and crossed to the downside, however, given weekly momentum indicators have just entered the bull zone, this move is likely to be corrective action.
3) When EMA55 and EMA200 cross, the price often retraces initially to EMAs (21, 55 or 200). Once it completes the pull back, I anticipate the price to move to the previous ATH and beyond.
This is the time when high leverage trading volume increases.
Be careful not get wicked out. Focus on monthly/weekly/daily charts and ignore the noise in the lower timeframes.
Still bullish in the higher time frames Solana has been struggling to break and stay above $170-200 zone this cycle.
It has been a very difficult asset to trade, however, I can see more bullish setups than bearish setups in higher timeframe charts.
Monthly:
1) July monthly candle closed above Fib 0.618 and formed higher high higher low.
2) RSI and MACD are still in the bull zone.
3) Stochastic are in the bear zone, but they are pointing to the upside.
Weekly:
1) EMA21 is still above EMA55.
2) The current weekly candle is forming bearing engulfing candle, however, there are two more days before it closes. It is still above EMA 21.
3) RSI orange line (RSI based moving average) is moving upwards and entering the bull zone.
4) MACD is about to enter the bull zone.
5) Stochastic hasn't reached overbought territory yet.
6) The set up of these three momentum indicators is very similar to the set up in Oct 23 before Solana started a massive bull trend. (see red vertical line)
Daily:
1) EMA21>EMA55>EMA200
2) As I said in the previous articles, EMA 55 and 200 don't cross easily. But when they do, the price often pulls back significantly before it starts to move in the direction of the trend.
3) Daily candle broke below EMA21, however, the price is reacting strongly to EMA55.
4) The price is still higher high higher low.
I will wait and see if the price is going to bounce off from $143 -157 region. (see blue rectangular block).
SOLUSD H4 | Bullish bounceBased on the H4 chart analysis, the price could fall to the buy entry, which acts as a pullback support that aligns with the 50% Fibonacci retracement and the 138.2% Fibonacci extension and could bounce to the upside.
Buy entry is at 167.42, which is a pullback support that aligns with the 50% Fibonacci retracement and the 138.2% Fibonacci extension.
Stop loss is at 157.16, which is an overlap support that aligns with the 61.8% Fibonacci retracement.
Take profit is at 181.53, which is a pullback resistance.
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