I'm thinking more downWhile everyone force feeds me bullish content on X I still see something different.
Might be selling the next run up. I'll post a lower time frame soon.
Trade ideas
Where does the price find a bottom? I can see a few patterns in a weekly chart.
1) The price is moving inside the blue descending wedge pattern.
2) The price is moving inside the orange ascending wedge pattern.
3) Green descending support/resistance line is the line that completes a huge cup and handle pattern.
What do you think? I would like to know what others see.
Have a nice weekend.
H&S pattern's right shoulder turned into an ascending triangle!SOLUSD is showing real strength here, the bulls are not giving up. Staying above the $200 was really needed to not form a "perfect" H&S pattern.
I think that we will see a breakout from this point. Please do not see my ideas as your personal investment advise. I am only sharing ideas here.
Anything could happen. Maybe we see another bounce at the high with a poke out and a Turtle soup dumper.
We will have to watch when it gets to the top. As we move through the week this could play out or not maybe it does but faster or slower.
SOL Bearishthis is the last set up for bearish movement ; after retarcing those key level and after the current regulation solana is moving downward
Solana Price Eyes 20% Jump as Bulls Regain ControlCOINBASE:SOLUSD price trades near $184, down 10% this week but still up 2% over three months. Despite recent weakness, both on-chain and chart data point to a possible rebound — provided $213–$222 is cleared.
Short-term holders are buying again. Wallets holding SOL for 1–3 months increased their share by 26% in two weeks, while long-term outflows dropped 59%, easing sell pressure. This shift means dip buyers are absorbing most of the remaining selling.
On the daily chart, COINBASE:SOLUSD trades inside a falling wedge, a setup that often breaks upward. The RSI shows a bullish divergence, where price makes lower lows but RSI makes higher lows — usually a sign that momentum is improving.
If COINBASE:SOLUSD breaks above $213, a 15% move from current levels, a larger breakout could target $222–$253. A drop below $172, however, would invalidate the bullish structure and expose the price to deeper losses.
Solana Scenarios for the monthMonthly Scenarios
Bullish Scenario
SOL holds support in the $180-$184 range and breaks above $184-$190.
This will provide impetus to targets in the $230-$300+ range, especially if the market turns out favorable and there is positive news regarding SOL/ETF/on-chain activity.
Consolidation/Sideways
The price may remain stuck in the $180-$190 range without a clear direction, especially with light volume.
In this scenario, it is important to monitor reactions at the range boundaries.
Bearish Scenario
If SOL breaks below $180-$184 with volume, a decline to the lower support level of $143-$153 or even lower is possible.
Such a correction could serve as a "normalization" after a significant rise.
✅ Conclusion
The current monthly trend for SOL appears generally bullish, with strong potential for continued growth upon a breakout of resistance.
But the key area to watch is the $184–190 zone: if there's a breakout with volume, we expect an upward acceleration.
The $180 and especially $153–143 support zones are areas to monitor for trend stability.
The CoinCodex forecast (~3-5%) suggests moderate growth, but with the potential for strong momentum under favorable conditions.
DO NOT BUY THE DIP!! It can go lower. My overall bias for Solana is bullish, but I must say it has been very frustrating asset to hold and trade for the last 18 months.
There are a lot of positive news coming up in the Solana ecosystem and the value of Solana should be much higher than the current price. However, the current chart set up is very bearish and I think it can potentially go lower. I will happily revise my view when the situation changes but I won't be buying the dip for the reasons below:
Weekly:
Stochastic indicator has formed a very clear negative divergence.
RSI lines have crossed to the downside and breached below the ascending trendline.
MACD histogram is losing bullish momentum and lines are about to cross (not confirmed)
The price has failed to go above not only the previous higher high, but also the previous cycle's all time high.
The price has breached below the ascending trendline, EMA 12 and EMA 21. (no confirmed until the end of tomorrow)
There is an unmitigated fair value gap (order block?) around $100 and $123 area (see light blue rectangular block). That is the April low when the market started to have a V-shape recovery.
I have been hearing over and over in the mainstream media that at the market bottom in April 2025, retail investors went in and bought the dip, but institutional players missed the rally by staying on the sideline. I am just wondering if big players are trying to push the price to the level where they were initially left behind. It is just my speculation, but the price is getting closer to that level.
Daily:
A daily candle closed below EMA55 and is now hovering over EMA200.
The price broke below the first ascending trendline (red line) and now moving toward the second one (black one)
All three momentum indicators have decisively entered the bear zone.
Conclusions:
I will only focus on daily and weekly charts for now. I have been watching the price move in the lower time frames and the price is refusing to go above yesterday's closing price, which makes me think there are lots of selling pressures still.
Good luck, everyone. I hope you are doing ok in this wild market.
Solana, big move in NovemberSolana appears to be forming a pennant, indicates a big move in November, no idea which way, but I would lean towards the bullish side.
Might do a put protected long trade, I don't trust cryptos enough not to use protection, lol. This will probably coincide with BTC daily MFI going oversold because cryptos tend to move together. (See my BTC plot)
Solana - Market structure Shift - The Levels to be aware of !In this video I look at the higher time frame and point out some key reasons of why I'm expecting a deeper pullback as well as local time frame where we can see the clear levels to be taken if your looking to accumulate or open longs .
Aside from the Solana coin I look at the Eth/Btc pair and BTC which ultimately determines the fate of the alt coin market .
Any questions please feel free to ask in the comments section below
Solana and Bitcoin Update ! Whats Next Quick update covering BTC and Solana .
I had done videos previously anticipating this move to the downside and wanted to cover the current price action and add a little clarity to the situation .
We have had a great reaction off of BTC so far and thus some alts have also followed suit .
Bitcoin holds the fate for the alts so we want to see btc hold the current range 113K .
Take it level by level and dont panic . This is a great opportunity but we want to see a sign of strength in SOL before taking positions .
Preparing for 3 of 3 on SolanaI believe we have completed a leading diagonal on solana and are preparing to head into a 3 of 3 phase and break the massive cup and handle pyscological formation. Cup and handle target is quite high on log, $7500 range. This may be a longer term consideration, but my target range is 1k initialy, 3500 on the next leg after a consolidation around 1k.
SOLUSD H4 | Bullish ReversalSOL/USD is reacting off the buy entry which is a pullback support and oculd rise from this level to the upside.
Buy entry is at 204.32, which is a pullback support.
Stop loss is at 187.97, which is an overlap support.
Take profit is at 228.36, which is an overlap resistance that aligns with the 78.6% Fibonacci retracement.
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Long I opened a long position for a swing trade this morning.
A daily candle is still below EMA 12/21/55 and has not broken above the descending resistance line, however, I see a lot of bullish signs in the chart. I am cautiously optimistic, however, the bull is not in full control yet.
Daily:
Stochastic formed a clear positive divergence and is no in the bull zone.
RSI lines are trapped inside the descending triangle. The momentum is clearly building up and I am anticipating it to break to the upside given RSI line is starting to move to the upside and slow
MA (orange) line is also starting to tilt to the upside.
MACD lines are still in the bear zone, however, histogram shows the bearish momentum is weakening.
A daily candle is still below EMA 12/21/55, however, the price strongly held above the previous higher low at $190 (blue horizontal line) .
A daily candle is also above EMA200, two major support lines (purple and orange lines).
4H:
All three momentum indicators are in the bull zone now.
The price moved to the purple support line, moved up, retraced to retest Fib 0.382 level.
The price is above both EMA 12 and 21.
Trade plan:
Entry price: $202
S/L: $189
Target : $223
15 min zig zaglooking for one more impulsive move down out of this flag like part in this correction.
simple short term
Descending channel: what is next for SOLUSD?There is a head and shoulder pattern drawn starting from 12 october until now. It will most likely go down at first. I hope to see a bounce again from the lower uptrend line (in white). Which would make a big chance to breakout from the descending channel pattern.
What's up with Solana?As we can see, Solana is currently sitting at a resistance level and has managed to hold up well there. In addition, the uptrend has not been broken, since the candle closed back above the potential trend break.
The long wicks we’ve seen across several cryptocurrencies occurred because many trading algorithms on crypto exchanges were not designed to handle such situations properly. These algorithms often compare prices, demand, and supply across different exchanges to determine fair pricing.
For example, if $1 billion were to flow into Solana in a single day, it would have a much larger price impact than $100 million per day over ten days. That’s why traders should always wait for candle closures before making decisions.
The recent crash was triggered by an announcement from Donald Trump, which wasn’t directly related to cryptocurrencies themselves. The broader uptrend remains intact and continues.
Given the current uncertainty, prices are moving sideways. I would consider buying Solana around the $180 level or below, as that still represents a good entry price for this asset. If we soon see rate cuts and the U.S. dollar weakens further under Trump, more investors are likely to move into alternative assets such as cryptocurrencies and Solana remains one of the leading projects in that space.
DUMP IT!Potential dump targets if this crash comes - chart is in log scale because linear targets go below zero lmfao - this probably going to be ugly if it plays out.
Solana's Crucial Test: Approaching Trend Change ResistanceSolana's Crucial Test: Approaching Trend Change Resistance
SOL/USD on the 4-hour timeframe illustrates a significant market movement, characterized by a sharp correction followed by a determined recovery. Solana is currently testing a critical confluence of resistance, which will be instrumental in dictating its near-term direction. This analysis will detail Solana's recent price action and highlight the pivotal levels that define its current standing.
The Retreat and The Resilient Foundation
Solana experienced a robust uptrend that peaked near the 240 level in early October. This was succeeded by a notable decline, as price broke down through several key levels. It pierced the 230 1st Resistance (now support), the 220 to 224 Deciding Area, and the 215 Key Support (now resistance). A particularly sharp drop on October 11th brought Solana down to establish a firm base around the 175 support level. This zone demonstrated strong buying interest, effectively halting the decline.
The Grand Comeback: From Depths to Decision
Following the bounce from the 175 support on October 11th, Solana initiated an impressive recovery. This upward movement is marked by a series of strong green candles, indicative of renewed bullish momentum. The price has successfully climbed from its lows, consolidating above the Next Support near 190 (green band) and showing a clear upward trajectory, as depicted by the dotted white lines forming a potential ascending structure.
This significant comeback has now brought Solana directly into the 200 to 205, Trend Change zone (light green band). This area is further reinforced by a descending red trendline, creating a critical overhead resistance confluence.
The Current Crossroads: 200 to 205 and the Trendline
Solana is currently engaged in a battle within the 200 to 205, Trend Change zone, simultaneously confronting the descending red trendline. This convergence of resistance is crucial; a decisive break above both this zone and the trendline would signify a potential shift in the short-term trend from bearish to more neutral or bullish. Conversely, a rejection here could lead to a consolidation or a retest of immediate support levels.
Key Levels to Watch: Resistance & Support
On the Upside (Resistance):
200 to 205, Trend Change & Descending Trendline: This immediate confluence represents the most critical overhead barrier. A sustained break above these would be a strong bullish signal.
215 Key Support (now potential resistance): Above the 200-205 zone, this red band represents the next significant resistance, which previously acted as crucial support.
220 to 224 Deciding Area: This grey band is a higher resistance zone that previously served as a consolidation and pivot point.
230 1st Resistance: The yellow band marks another significant resistance point, aligning with prior peaks during the earlier uptrend.
240: The dark red band represents the previous local top.
On the Downside (Support):
Next Support near 190: This green band acts as immediate support for the current recovery. Maintaining price above this level is important for continuing the upward momentum.
175: This dark green band remains the ultimate foundational support. A break below this level would invalidate the current recovery structure and could signal further downside.
Potential Scenarios from Here
The chart illustrates potential paths forward with dotted white lines:
Bullish Scenario: A successful and sustained breakout above the 200 to 205, Trend Change zone and the descending red trendline could propel Solana towards the 215 Key Support (now resistance) and subsequently the 220 to 224 Deciding Area.
Correction Scenario: A rejection from the current resistance confluence might lead to a retest of the Next Support near 190. A deeper pullback could see the price testing the 175 support if the 190 level fails to hold.
Conclusion
Solana has demonstrated strong resilience, bouncing robustly from the 175 support. It now faces a critical test at the confluence of the 200 to 205, Trend Change zone and the descending trendline. The ability of Solana to decisively overcome this resistance will be key to determining whether its recovery can evolve into a more significant trend reversal or if a period of consolidation or deeper retracement is more likely. Close observation of price action around these crucial levels is essential for understanding Solana's short-term market direction.
Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
Solana making the first move?Something unexpected happened: solusd broke through the upper side of the descending channel compared to ethusd. Really bullish!
Can we buy?Most likely this can hit 150s and turn around, this has to happen with in a month or so. If it did then we will see it at 375. Happy trading !!
Not a financial advise.
SOLUSD Long Idea: Bullish Reclaim of Key Support/Resistance LeveHello TradingView Community,
This post outlines a potential long trade setup for the Solana / U.S. Dollar (SOLUSD) pair, based on the 15-minute timeframe.
Technical Analysis:
The chart shows a key horizontal price level that has acted as a significant pivot point, serving as both support and resistance. After a sharp breakdown below this level, the price has shown considerable strength by rallying and breaking back above it.
This is a bullish signal, suggesting that buyers are stepping in to reclaim control. The trading idea is based on a classic "break and retest" pattern. The price is currently consolidating on top of this former resistance zone. The expectation is that this level will now act as new support, providing a solid base for a potential move higher.
Trade Setup:
The long position tool on the chart visualizes a potential trade plan for this bullish scenario:
Entry: Approximately at the retest of the new support line.
Stop Loss: $184.43 (placed below the key support structure to invalidate the idea if the level fails to hold).
Take Profit: $232.24 (targeting a new potential higher high).
This setup provides a structured plan with a favorable risk-to-reward ratio for a potential continuation of the bullish momentum.
Disclaimer: This analysis is for educational and discussion purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk. Please conduct your own due diligence and manage your risk appropriately.
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Pennant pattern observedCOINBASE:SOLUSD if the massive bull flag for BITSTAMP:ETHUSD will play out perfectly, then this pennant pattern from COINBASE:SOLUSD would play out perfectly too.
