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...
Solana'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...
Many 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...
We 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...
Although Sol is running into fierce resistance we will give the benefit of the doubt to the Bulls.
If they break through we have mapped out next upside target and resistance.
Are you betting on the bulls to break resistance or betting on the bears to fight back and hold the resistance line?
Traders,
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...
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...
Solana_ 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:...
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...
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 races
Sol 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
The SOL/USD 1-day chart presents a complex technical picture, with both bullish and bearish signals vying for dominance. Let's delve deeper into the observed patterns:
Possible Bullish Pennant Transformation:
The analysis suggests the chart might be exhibiting a tight bullish pennant pattern. This pattern typically forms after a strong uptrend and indicates a...
These 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...
