Solana bullrun is over. Next bear market lowsSolana has super nice bullrun in 2023-24 but all good things comes to an end.
I will talk about long-term targets and not about short-term movements.
StochRSI formed bearish divergence on 1M timeframe. It continues to move down.
Price formed double top (clearly see if you change chart to line chart)
Price touched 2021 bullrun highs. It took all liquidity at this level.
Current candle is bearish engulfing candle (but month is not over yet)
It will be interesting again in coming bear market when price reaches 15-30$ region (liquidity level of spring-summer 2023) most likely in 2026
Trade ideas
Key: 3 day close below or above $170 line
SOL's indicators are showing strength here at the key $170 line. However, I believe with a 3 day candle close below this key line, we will see a continuation down to the support line that started Jan 22 24 and was confirmed Aug 4th 2024.
Somewhere around $150-$155. It's bounced nicely off this line two times.
A break of this line indicates to me a further retracement to $120. This still leaves us in a bullish formation as it would be a higher low than August 2024.
SOL Historic rise Paused for GasolineForget the Argentina Texas Tango, SOLANA has endured far worse (FTX) and is still on a historic rise that has seen go 800% in 2 years and has tons more upside left to go THIS CYCLE! But yeah a few dubious things are happening. Unlocks followed by ETFS next month -- hmmm the ETFS will mean companies want to SELL shiny new ETF products to customers.... Don't you think they a CHEAPER SOL to SELL? FUDD and Unlocks are good excuses to BRING THE PRICE DOWN! So whether that little conspiracy theory is correct or not, We are STILL ABOVE the HANDLE on the Historic CUP and HANDLE in SOL Price action. 149 is a particularly strong level that supports the ENTIRE HANDLE in this CUP. Rock SOLID 123 is a possible WICK target. BEARS BEWARE any down side on SOL will probably be quick and happen this week. After unlocks I think it is ETF time and the buzz alone could send SOL to 450.
SOLANA SHORT OPPORTUNITY Possible Solana short (5m TF)
Solana is still trending down on the higher timeframes, down on the very low intra day TF's and ranging on the mid intra days so good confluence all round for a short position.
Pull back on the fib would line up nicely with a previous LL which is now a resistance level which would create a nice rejection and push to the downside. Also not this area of rejection would also align nicely with the 50 EMA which would be an additional level for price to reject.
Overall many good confluences which could align nicely for a short entry. Let's see how this plays out. Again 1:3 RR on this as normal with the possibility to take partials and let 25% run to a further downside target of the major lows at $160
Will set a Limit sell for this, no need for manual entry on confirmation as all criteria should align nicely.
SOL Hit the BrakesCOINBASE:SOLUSD
After attempting to add a note to my previous Published Idea regarding SOL, it seems TV is having issues adding that note for me. So I will make a new Published Idea regarding SOL.
I have an updated chart image on for a smaller TF.
I suspect SOL to make a slightly lower low here soon, retracing into the GW. I am favoring the 2.272 as the targeted area.
Right now it looks like a Bull Trap Shakeout is printing. Interesting to see how it develops.
- Catch the dip of the dippity dip dip -
SOL/USD Bulls in ControlFrom the daily timeframe, SOL/USD (Solana versus the US dollar) recently connected with support from US$163.90, aided by the H1 timeframe chalking up an inverted head and shoulders pattern. With the formation’s neckline consumed (taken from the high of 107.88), further outperformance towards the pattern’s profit objective at 179.90 could be seen.
SOLUSD Megaphone bottomed. $205 min and $340 max Targets.Solana (SOLUSD) has been trading within a Megaphone pattern, which technically had the price bottomed on its Lower Lows 3 days ago. That bottom was also a 1D RSI oversold barrier (30.00) test, which is exactly where the December 22 2024 Low was priced.
Being below both the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line), the natural short-term Target is again the 1D MA50 at $205.00, similar to the January 03 test.
On the longer term, if SOL makes a 1W candle closing above the 1D MA50, we can resume buying and target the top (Higher Highs trend-line) of the Megaphone at $340, which is where the 1.236 Fibonacci extension is, exactly where the January 19 High was priced.
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Solana 2-21🔥 Market Overview:
Trend: Solana is in an uptrend, trading above the 200 EMA and showing strong bullish momentum.
Key Levels:
Resistance: $176.50 – Next key level to break for further upside.
Support: $173.90 – 200 EMA acting as a solid floor.
Indicators:
EMA 200: Price is well above, confirming an uptrend.
MACD: Bullish crossover, indicating further upside potential.
RSI: 63 – Slightly overbought, but still has room for growth.
🔥 Scalping Strategy:
🩸 1. Momentum Scalping
Buy near: $174.50, targeting $176.50.
Sell near: $176.50, targeting $177.50.
Stop-loss below: $173.50.
🩸 2. EMA Scalping
Long entries near: 200 EMA ($173.90).
Exit at: $176 resistance.
🩸 3. Breakout Scalping
If Solana breaks $176.50, go long toward $180.00.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If Solana holds above $173.90, expect a move toward $180+.
A drop below $173.50 could lead to a retrace toward $170.
🔥 News & Market Context:
No major bearish catalysts—Solana continues to gain institutional interest.
Bitcoin’s trend will play a role in Solana’s next move.
Strong volume suggests continued bullish pressure.
🔥 Decision:
🩸 Short-term: Favor scalping longs while above $173.90.
🩸 Mid-term: Needs a breakout above $176.50 for more upside.
🩸 Ideal Play: Buy dips, aim for $180.00.
👑 Final Verdict:
Solana remains bullish above $173.90. The trend is strong, and scalping longs are favored. Break $176.50, and the next stop is $180+.
🔥 "Dominate the trend, or be crushed by it. Strength is in movement, hesitation is defeat." 👑
$SOL RSI Fully Reset! Could Very Well Have Seen the BottomI’ve been waiting a few days before posting an update on CRYPTOCAP:SOL to see if it forms a cluster that mimics the fractal before the Trump Pump.
So far it has been playing out perfectly.
I still think we might have a wick at the very least to retest $155, but it does not necessarily have to happen as we’ve already have some confirmed price action in that region.
Main target is reclaiming the DMA9 and then prior Trend.
The RSI has FULLY RESET, so we could very well have seen the bottom here.
Solana Wave Analysis – 20 February 2025
- Solana reversed from the support zone
- Likely to rise to the resistance level 186.60
Solana cryptocurrency recently reversed up from the support zone between the support level 165.65 (the previous monthly low from January) and the lower daily Bollinger Band.
The upward reversal from this support zone will likely form the daily Japanese candlesticks reversal pattern Morning Star – if Solana closes today near the current levels.
Given the strength of the support level 165.65, Solana can be expected to rise to the next resistance level 186.60 (former support from the start of February).















