Solana - Bearish CampaignShort-term downside reversal in a trading range formationShortby BulletproofTraders553
(SOLUSD) Crypto Market Liquidations Top $330 Million in 24 HoursCrypto Market Liquidations Top $330 Million in 24 Hours, Led by Ethereum As Bitcoin and Ethereum prices surged toward new all-time highs, short-term traders have borne the brunt of liquidations. In the past day alone, over $330 million was liquidated from the crypto market, primarily affecting short traders who anticipated a price decline. **Over 78,000 Traders Liquidated for $330 Million** Data from Coinglass reveals that the last 24 hours have been particularly harsh for crypto traders. More than 78,000 traders saw their positions liquidated, resulting in substantial losses totaling $330 million. Of this amount, 81.42%—equivalent to $268.76 million—came from short traders, while long traders accounted for $61.31 million in liquidations. Technically: The price is expected to test the support zone at 169.70 before pushing up again to reach the resistance zone at 192.72. Solana's price is likely to consolidate between 169.70 and 192.72 this week until a breakout occurs. Despite the consolidation, bullish pressure remains, aiming for 192.72 and 202.50. Long-Term Scenarios: Bullish Scenario: A breakout above 202.51 will initiate a new bullish phase, targeting 226.00 as the first bullish milestone. Bearish Scenario: Breaking below the support zone between 169.70 and 159.00 will lead to a drop towards 141.84 and potentially 126.00. Pivot Price: 179.20 Resistance Price: 192.72, 202.51, 226.42 Support Line: 169.70, 158.50, 142.50 The Movement range will be between Resistance 19272 and Support 169.70 Longby SroshMayiUpdated 3323
SOL Down 4% As FTX Bankruptcy Estate Concludes Solana Token SaleFTX's bankruptcy estate has completed the sale of $2.6 billion worth of Solana ( CRYPTOCAP:SOL ) tokens at significant discounts. Figure Markets and Pantera Capital were among the latest buyers, acquiring a block of 800,000 tokens for approximately $80 million, equating to about $102 per token. Solana ( CRYPTOCAP:SOL ) is down 3.3% on the day. Pantera Capital also participated in the auction, although the specific price paid remains undisclosed. Both the FTX estate and the involved firms did not immediately comment on the transactions. The liquidation of Solana ( CRYPTOCAP:SOL ) tokens has been a contentious issue in the FTX bankruptcy proceedings. While FTX creditors will receive full repayment plus interest, they will not regain their crypto assets, potentially missing out on future market gains. Earlier in May, FTX announced that the estate would have up to $16.3 billion to distribute, while it owes approximately $11 billion to over two million customers and other creditors. Pantera Capital aimed to raise $250 million to purchase Solana tokens from FTX in March, winning a batch of discounted tokens in April. Due to the token sale campaign, Solana ( CRYPTOCAP:SOL ) is down 4.54% at $168.14 with the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) showing impending bearish trend coming up.by DEXWireNews229
SOL AnalysisHello, I'm opening a trade long for SOL I'm expecting a breakout and I'm aiming for a quick profit of around 3% Aiming for the circled area and red line. DYORLongby TheSuccessfulOneUpdated 229
$SOLUSDNot financial advice. COINBASE:SOLUSD Currently inside triangle for consolidation or distribution. Scenario #1 Creating a cup and handle for a breakout to the upside. Scenario #2 Breaks to the downside for a wave 2 according to Fibonacci numbers Like and subscribe for more ideas. Thanks. by alex666666116
SOLUSD BUYSOL/USD is approaching a pullback support level aligned with the 38.2% Fibonacci retracement. Entry point: $155.02. This level could potentially lead to a bounce toward our take profit1. Remember that cryptocurrency markets can be volatile, so always conduct your own research and consider multiple factors when making trading decisions. Longby Ink_Artist116
Solana's Phantom Wallet Spike in Popularity, Surpasses Facebook Solana's Phantom Wallet, a popular app for accessing Solana's web3 ecosystem, has surpassed Facebook and ChatGPT in the Google Play Store's U.S. rankings. Currently ranked #11 behind Cash App and Snapchat in the free download category, it saw an estimated 770,000 downloads in April. Phantom Wallet, originally designed to hold only Solana ( CRYPTOCAP:SOL ) tokens, has since expanded to support Bitcoin, Ethereum, and Polygon. It also secured the third position in the Apple App Store's utility category, just behind Google and Google Chrome. In April, it reported over 7 million active monthly users, a sign of growing adoption. The token was trading just above $168, marking a modest 1.35% increase in the last 24 hours and a 16.9% jump over 30 days. Technical Outlook Solana ( CRYPTOCAP:SOL ) is down by 0.26% trading with a Relative Strength Index (RSI) of 54.48 which is poised for a trend reversal. Despite the token sale from FTX, Solana was able to retain the $160 support level.by DEXWireNews225
#SOLANA Breakout Now This idea is for those who own solana coin This is not advice to buy. The currency has great negative news, so it may affect the price in the future and change everything Please support the idea by pressing the like button and writing your opinion in the comment box Good luck 🌹 Longby SALAH-LHUpdated 2215
PayPal USD (PYUSD) Goes Live On SolanaPayPal USD ( SEED_DONKEYDAN_MARKET_CAP:PYUSD ) has gone live on the Solana blockchain, marking a significant expansion beyond the Ethereum ecosystem. This collaboration between PayPal and Solana ( CRYPTOCAP:SOL ) offers millions of users guaranteed access to the token with guaranteed speed. The integration allows PayPal to leverage Solana ( CRYPTOCAP:SOL ) and the token extension to serve over 30 million merchants globally while offering transactions at a lower cost. This marks a milestone for USD-pegged stablecoin as it is its first move beyond the Ethereum ecosystem. PYUSD is also expanding its utilization as a payment method for small and daily purchases. PayPal USD has found new ways to evolve in a bid to compete with dominant alternatives like Tether ( CRYPTOCAP:USDT ) and USD Coin ( CRYPTOCAP:USDC ). Xoom, PayPal's cross-border money transfer service, recently launched a new funding option that allows U.S. users to finance international transfers using PYUSD. Users are exempt from paying transaction fees when using PayPal USD to fund eligible transfers to recipients in over 160 countries. Solana's speed and low cost may impact the PYUSD market outlook positively. Over time, Solana ( CRYPTOCAP:SOL ) known to process over 5,000 transactions per second, costing only about $0.0025. Compared to Ethereum's 15 transactions per second with higher fees, Solana offers significantly cheaper fees. PayPal's senior vice president of blockchain, Jose Fernandez da Ponte, stated that making PYUSD available on the Solana Blockchain furthers their mission of enabling a digital currency with a stable value designed for commerce and payments. Despite the fundamental, Solana ( CRYPTOCAP:SOL ) is still trading with a weak Relative Strength Index (RSI) of 54.89 signifying a bullish reversal trend in the long term.Longby DEXWireNews113
POTENTIAL BUY OPPORTUNITY SOLANA (SOLUSD) Alright! Here is post #2 for the week! I figured this week I would give you guys a couple different markets than I usually post about! Since I do mainly specialize in FX markets since I have put the most time into them. But wanted to add some value for those of you trading multiple or different markets! So here we go! OK so obviously Solana is a hot Cryptocurrency right now...showing huge upside potential. Recently prices have been making an uptrend in price with recently back in Mid-May prices went from $140-$185+ per coin. Showing a huge influx of demand coming into this crypto-currency. After seeing this bounce I had seen the demand for this coin is there... SO when looking at lower timeframes you can see a strong demand level around $151 per coin. Where the origin of that last bull run was in prices. Another good technical confluence is the Fibonacci alignment of the 78.6% fib (discount) level aligning with the overall demand. Simple breakdown on Solana but overall a hot coin..large market cap..and a bullish/demand driven market to back it...more signs pointing bullish then bearish for me on this crypto coin! Please boost and follow my page for more accurate analysis! Cheers! Longby JosePips222
5 day chart SOLSOL 5 day chart Expansion of volatility on bbwp has lead to big moves on average. 212% Average move excluding the 2 outliers where we saw 400%+ moves would bring it down to 74.84% Stochastic momentum has been correct in getting the direction of the move right 71% of the time. Upside more likely right now but it could change with time, volatility is still contracting and hasn't expanded yet. 52 days on average to play outLongby Azad69221
Solana to tap around $150 before sending to new ATHThis wedge pattern is a strong bullish signal for Solana, in my opinion. It's in a slight downward trend currently, but I do believe considering the high volume support around the $150 zone, that it will tap there and then eventually soar to new all-time highs.by joyfuldad221
Solana SOLUSD appears ready to reverse SHORTThis is a 33-40% swing trade short crypto SOLUSD. The idea is on the daily chart.Shortby AwesomeAvaniUpdated 121211
SOL analysisI'm expecting a breakout from this trendline. I will be chasing the lower trendline that can become a support. Stop loss is placed at the recent high, which I am expecting that it will be not reached.Shortby TheSuccessfulOneUpdated 448
Solana bearish feelingThis is not a financial advice, I'm just expressing my first thought how Solana price may move. Think of this as my personal prediction, to later evaluate, as of how accurate I was. Why I feel bearish: The memecoin ecosystem, in Solana DeFi, is packed with con artists, that find ways to trick the masses into "investing" in fraudulent schemes, consequently resulting in a loss of interest by the fresh rookies, that find their way into Crypto.by ESiiner112
Solana at a Pivotal AreaWith respect to Solana I'll say two things. First, and probably in jest, I had no idea Venezuela was important to crypto mining. lol. (reference to the news why crypto rallied yesterday). Second, I am still awaiting signs that price has the intention to follow the purple alternative path. The attached Daily chart shows there is a full count to the upside complete with alternating 2's and 4's. Granted this does not preclude price from subdividing in a manner that extends the previous trend, but in those cases, we should see clear evidence of such. As of this morning, CLEAR, would not be a word I would use to describe the current pattern. C-wave is, however the label I would so far characterise as this current pattern. However, if price can rally into the $194 area, and hold the $179 area on any retrace, and then rally for OMH towards the recent highs I can become open to price moving higher. In lieu of that sort of price action playing out I await clues that price is completing it's minor B wave.by maikisch3311
Solana's Explosive Surge: Is $236 the Next Stop?Solana (SOL) has been showing significant bullish momentum, currently trading at $171.51 with a notable increase of 1.23% intraday. The asset's market cap stands at $77.04 billion with a 24-hour trading volume of $2.65 billion. The price action and technical indicators suggest strong bullish trends with potential for further gains. Price Action and Trend Analysis Over the past week, Solana has demonstrated a robust performance with a 17.48% increase. The price has been oscillating within a range of $168.74 to $176.00 in the past day, indicating healthy volatility. The chart patterns reveal higher highs and higher lows, signifying a well-established uptrend. Ichimoku Cloud Analysis The Ichimoku Cloud indicates a bullish sentiment as the price is above the Kumo (cloud), with a significant distance from the baseline (Kijun-sen) at $147.40. The Leading Span A and B also indicate support levels are well below the current price, providing a strong safety net for bullish positions. Price Targets and Trade Strategy Given the current technical setup, the immediate price target for Solana is $181.68 (R1). Should the bullish momentum continue, the secondary target extends to $236.63 (R2). Long Position: Entry Point: Enter a long position at the current price level around $171.51. Stop Loss: Set a stop loss slightly below the 50-day EMA at $150.00 to minimize downside risk. Take Profit: Aim for the first resistance level at $181.68 and extend to $236.63 for a more aggressive target. Short Position: Entry Point: Consider shorting if the price drops below the pivot point at $149.33. Stop Loss: Place a stop loss at $155.00. Take Profit: Target $94.38 (S1) for a conservative approach. Solana exhibits strong bullish tendencies with solid support from technical indicators and moving averages. The current trend suggests potential for further upside, making it an attractive candidate for long positions. However, traders should remain vigilant and use tight stop losses to manage risk, especially if the price approaches key resistance levels. As always, continuous monitoring of market conditions and news is essential to adjust strategies accordingly.Longby AxiomEx1110
SOL 4H - Ascending Channel, Potential Pivot to $210 & Breakout CRYPTOCAP:SOL has been respecting an ascending channel for some time. Fibonacci zones and the parallel channel show SOL respecting some demand zones. It appears SOL may be gearing up toward a new ATH. Stronger support remains around $157. I would not be surprised to see CRYPTOCAP:SOL pump with CRYPTOCAP:BTC & CRYPTOCAP:ETH towards $210, retest the $200 zone, and then break out into new all-time highs toward $270. Fundamentals remain bullish in my view. SOL has increasingly strong utility in crypto this bull run, some may anticipate a future SOL ETF approval, other leading coins are showing bullish possibilities of growth this year, and North American economies may eventually be pressured into implementing rate cuts to avoid recessionary risks. Let me know what you think!Longby MakkInvests4
$Sol Macro chart ( My play )🔨 Key Resistance: $70-120 📍 Buy Zone: $13-25 🎯 Target 1 - $48 🎯 Target 2 - $77 🎯 Target 3 - $116 🎯 Target 4 - $138 🎯 Target 5 - $200 🎯 Target 6 - $260$ 🎯 Final target - 400$ I believe SOL will break ATH, patient is the key Longby SakozaUpdated 6565172
Is SOL following the 2020 ETH fractal? SOLUSDSolana, SO FAR, has been following in the same path as ETH 2020-21. This DOESN NOT mean it will continue. It will likely deviate in it's own way but so far, it's very similar. $700 - $1000 is not too entirely off the table. $777 is my personal target. NFA. I will keep this updated as we go and will show when or if we invalidate this altogether. No panic either way. Please keep going SOL:) Longby rme564960Updated 4420
Bearish divergence in SOLUSDA bearish divergence is observed in SOLUSD pair in 4-hours timeframe. Previous bullish trend is reversed as new HL and LL have formed. This can be a good place to shorting.Shortby wakqas121
Solana / U.S Dollar_ Prices_ For_ Quarter 2 & 3_ Under _ TradingSolana / U.S Dollar_ Prices_ For_ Quarter 2 & 3_ Under _ Trading _ Venue _ Coinbase. Let's breakdown the next prices for Quarter 3. Quarter 2, 2024 Distribution price: $192.96, It may also touch, $200.22 From here market will take few weeks break then expecting the following distribution prices, ( Do expect little turbulent during the Descending period) Quarter 3, Distribution prices: $220.22 $225.96 $234.87 $240.18 $252.37 $255.69 Longby Skill-Knowledge-Conduct224
Shark pattern on solana HI, 1-we have shark pattern 2-flag pattern 3-demand zone 4-TP 264 GOOD LUCKShortby amineGann4