Can go long on sol coinIts in consolidation phase the ranges of consolidation is 120-160 and its taking support at fib 0.6 level the 160 level will break within a week or on 19th may as per my data Can go long after the breakout of 160 levels for targets of 240 Happy tradingLongby iashishcomputing224
SolanaDue to its strong fundamentals and recent bullish momentum. With ongoing network upgrades, increasing adoption of its blockchain technology, and a robust ecosystem of decentralized applications (dApps), SOL is well-positioned for significant growth. Target entry: $10X.XX, with a short-term target price of $170.XX, reflecting a potential gain of 60%.Longby CatalystEdge114
✴️ Support Weakens | Solana To Crash Below 100A trend following system uses a moving average as the main tool to generate trading signals for a system trader; the moving average is like the holy grail of technical analysis, together with the RSI. The moving average that is active on this Solana chart is ema100; blue line on the chart. Notice how Solana (SOLUSD) becomes bullish September 2023 as soon as it breaks above this indicator; a test happens in October 2023 of ema100 as support and it holds. From October 2023 through March 2024 Solana moved straight up, trading safely above ema100. Now... Everything changed! ➖ The market sentiment change; ➖ The short- to mid-term direction changed; ➖ Solana is now bearish for almost two months! 👉 ema100 is the last and critical support at $140. If this level breaks, expect a sudden and fast crash below $100 next. Thank you for reading. Namaste.Shortby AlanSantana5535
Needs to hold support or Potential Breakdown AlertSOL needs to hold the upward sloping trendline as support. If not, there is trouble brewing. Potential breakdown alert. We have mapped out the downside support price targets. Shortby JK_Market_Recap1
Solana, reverse head and shoulders, yey or ney?Is what we seeing a pattern for going long? Wdyt? COINBASE:SOLUSD Longby ShayanTawabi4
SOLSOL looks good to run highs in coming weeks, sitting nicely atop midrange, and above vPOC of all price action that has transpired above midrange. Also, has mid BB (weekly) confluence as support from this juncture. Essentially more likely to begin filling inefficiency above than lose support below.Longby jhonnybrah114
Double bottom in sol/usdDouble bottom in sol/usd bearish reversal entry/buy stop -159 stop loss -119Shortby mktk19872
MAY 10 ’24 - SOL - FORECASTMAY 10 ’24 - SOL - FORECAST This is a prediction of the next 24 hours I use a combination of indicators from ChartPrime and luxAlgo. The Green is the daily channel extrapolation continuation ranging from the middle of the previous day’s extrapolation The Orange is the projected extrapolation forecast based on the current day Happy Trading! -MV Longby EnviroElkUpdated 114
SOLANAUSD Projcetion of reversalThe Bat reversal Harmonic Pattern is forming which is going to take some time to mature as there is no divegence. Possible PRZ is 122 to 124 level so add solana in the watchlist for possible trend reversal or trade the bearish trend accordingly due to no divergence.by billly4u1
Solana Slides on FTX Liquidation, Open Interest DropsSolana ( CRYPTOCAP:SOL ) has experienced a drop in price due to renewed concerns over FTX liquidation, leading to a decrease in trading activity and a significant drop in open interest. The token, known for its high speed and low fees, has shown resilience amid the ongoing FTX bankruptcy. However, the price has dropped due to renewed concerns over FTX liquidation, resulting in a decrease in derivatives trading volume and a 5.53% drop in open interest. In the last 24 hours, Solana ( CRYPTOCAP:SOL ) witnessed $7.61 million in total liquidations, with long positions accounting for $4.7 million and short positions for $2.91 million. Long-short ratios on Binance and OKX indicate traders' optimism about a potential rebound, while technical analysis shows bullish signals. Solana's technical indicators show a predominantly bullish sentiment, with both the 10-day Exponential Moving Average (EMA) and the Simple Moving Average (SMA) signaling buy. However, longer-term moving averages, including the 30-day EMA and SMA, indicate potential resistance at higher levels. Oscillators are generally neutral, with the Relative Strength Index (RSI) at 48.35 indicating neither overbought nor oversold conditions. Technical indicators reflect current market sentiment rather than predicting future movements. Solana ( CRYPTOCAP:SOL ) has been battling ongoing congestion issues, largely caused by increased DEX volumes. Understanding Solana's technicals provides insight into the market's reactions to SOL's FTX sales, which is crucial for both traders and investors in the SOL ecosystem.by DEXWireNews3
SOL bullish breakoutAs momentum is building I expect a breakout from this and I've opened a long position. If the price breakouts down the trade is invalidated. Thank you and DYOR. This is not a financial advice.Longby TheSuccessfulOne335
SOL Target Short DailySOL touched the forming trendline as predicted and it will go back to touch again the recently broken resistance and make it a support. And then it will go even higher.Shortby TheSuccessfulOneUpdated 336
bearish harmonic pattern sol/usdbearish harmonic pattern sol/usd entry - 146 stop loss - 156Shortby mktk19871
SOL Potential Further DownsideSOL is currently exhibiting signs of bearish continuation after failing to break above key resistance. We see a possible double bottom forming around the current price level, indicating a potential test of support at $115. Price action has been consolidating after a recent decline, potentially forming a double bottom pattern. Fibonacci retracement levels (not shown, but recommended to add to your chart) suggest a measured downside target near $115. The failure to break above resistance indicates continued weakness in the market. Risk/Reward: The potential reward-to-risk ratio favors a short position, with a target of $115 and a stop-loss placed slightly above the recent resistance level. Then hey, if we're lucky, up to $340.Shortby kakola113
SOLANA (SOL)$SOLANA is getting ready for another bullish leg, It's showing a reversal pattern and I'm positive in the next few weeks we will see an incredibly bullish moveLongby ImSoloInvestor115
Momentum still looking bullish. Mapped upside targetsMomentum still looking bullish. We are approaching the resistance area of $162 which is a confluence resistance area with the 50 day moving average. RSI trending upwards. Stochastic RSI bullish crossover Bollinger bands squeezing indicating a big imminent move and most likely upwards We have mapped out two predicted upside targets, in yellow and purple bars. Longby JK_Market_Recap117
SolanaHello to all dear traders. I am happy to be here and analyze cryptocurrencies for you. Based on my analysis, Solana looks like it needs further correction after the new price ceiling is fixed. The currency will move higher to reach the approximate price range of $200, due to the need to attract liquidity. Like Bitcoin, this currency will probably experience weekly and daily correction. After these corrections, Solana will decide whether to move up or down. With thanks for your attention. #Smart money concept #liquidity #hunterLongby fereydoon11992212
MAY 9 '24 - SOL - FORECAST MAY 9 '24 -SOL- FORECAST Leeetss Gooo!!! HAPPY TRADING!Longby EnviroElkUpdated 2
Solana (SOL)Solana needs no introduction as this coin has already proven to be on many people's popular lists. Besides its high-volume trading and great features, its technical analysis is also interesting. After Solana's upward wave finished, a corrective wave, a long one, started. Now, it seems the corrective wave has ended at 0.5 Fibonacci retracement. Also, the correction is unfolding in an inverted wedge pattern. We have to wait for the price to break this pattern upward. Let's see what happens.by SaeedSalehiniaUpdated 7731
Solana/ U.S. Dollar _Under_ Trading _ Venue_ Coinbase: Solana/ U.S. Dollar _Under_ Trading _ Venue_ Coinbase: Once Retest is completed we will expect he following prices! Red area require a correct retest as a fake retest over the 3rd of May that supported over 30th of April! Should take 2 days for the Retest! If lower retest is not done then following strategy must be applied: (1) Prices require to confirmed above day 7 ( week 1) (2) Retest must hold within the key level of $154.69 (3) Further support confirmation over 8th, May. Then it's good for breakout and higher as below! Prices already confirmed as follow: New support over week 1= $160.20 $162.66 $163.83 $164.93 $165.69 $166.79 $167.14Shortby Skill-Knowledge-Conduct335
We are close to resistance area. Downwards now 😱 How to play ⏯️ Solana strategy in the current range? Short at resistance Right now we are approaching the resistance area of $162 which is a confluence resistance area with the 50 day moving average. Latest candle upside wick almost touched it and went down. Time to short into the resistance area Will you be shorting?Shortby JK_Market_Recap221
Solana Price surged 5% Despite Whale Activities Solana ( CRYPTOCAP:SOL ), a cryptocurrency, has experienced a 5% increase in value today, driven by significant on-chain activity and ecosystem growth. The market cap is down by 1%, but Solana's price has risen by 5.5% to $153, with a $69 billion market cap and a $3.2 billion 24-hour trading volume. The central driver behind Solana's recent success is its overtaken Ethereum in 24-hour on-chain trading volume, indicating growing interest in Solana's ecosystem. Solana consistently outperformed Ethereum in on-chain volume as it advanced toward its local highs in Q1 2024, but activity dropped in recent weeks. However, new data suggests momentum is returning, enabling today's strong performance. SOL has been displaying strength against Ethereum, with PaikCapital speculating that it could continue to outperform the second-largest cryptocurrency. Since then, SOL's value has increased over 3x compared to ETH's. Santiago R Santos, a renowned commentator, believes that Solana is the most retail-friendly chain, making memes should do well. As the SOL price increases, holders will take profits and rotate into smaller on-chain projects, vying to compound their gains. One of the hottest new Solana tokens is Sealana, a seal-themed meme coin that has raised over $250K so far. High-profile industry figures are also bullish, with Jacob Bury speculating that Sealana holds 10x potential and could be the "best crypto to buy now." Sealana is inspired by the foul-mouthed cartoon show South Park, reflecting a bright future for the new token. However, the Sealana presale has no predetermined hard cap, so potential investors must act quickly or risk missing out. Whale Alert, a platform tracking large crypto transactions, reported four significant transfers of Solana (SOL), igniting speculations in the crypto sphere. In the latest transaction, an unidentified whale transferred 298,000 SOL, valued at approximately $46.24 million, to Coinbase. Following that, another anonymous whale moved a staggering 1.56 million SOL, equivalent to around $242.26 million, to the same exchange. Speculations over the impact on Solana's price have ignited speculations regarding the motives behind these transactions and their implications for the broader market. Despite the massive transfers, the Solana price has maintained upward momentum today, with the Solana price up 4.55% and trading volume soared 79.72% to $3.14 billion.Longby DEXWireNews115