Tug of war ahead!Short term bearish momentum but as long as ETH bounces off trendline support we'll see more upside.Longby SmallBagsHereandthere2
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 joyfuldadUpdated 556
Solana Searching For Direction: Will SOL Break Free Or Fall Flat Solana (SOL), the high-speed blockchain once leading the charge in the 2023 bull run, finds itself in a state of uncertainty. Over the past few days, SOL's price has been stuck in neutral territory, oscillating between $155 and $170. This stagnant price action leaves investors both cautiously optimistic and undeniably confused about the future direction of the cryptocurrency. Conflicting Technical Signals Technical indicators often used to gauge cryptocurrency price movements paint a conflicting picture for Solana. On the bearish side, the dreaded "death cross" has emerged. This ominous signal occurs when the 50-day moving average dips below the 200-day moving average, historically indicating a potential short-term price decline. However, a glimmer of hope remains. The Relative Strength Index (RSI) for SOL currently sits in neutral territory. While not a bullish sign in itself, a neutral RSI suggests some underlying buying pressure, even if it's weak. This contradicts the "death cross" and hints that a significant price drop might not be imminent. External Factors Loom Large Beyond technical indicators, external factors could significantly impact Solana's future trajectory. Regulatory decisions from governments and financial institutions remain a wild card. Stringent regulations could dampen investor confidence and hinder the growth of the entire cryptocurrency market, including Solana. Furthermore, the broader market sentiment plays a crucial role. If the overall cryptocurrency market experiences a significant correction, it's highly likely that SOL would be dragged down along with it, regardless of its own technical merits. Solana's Strengths: A Beacon of Hope? Despite the current uncertainty, Solana boasts several strengths that could propel it forward. Its blazing-fast transaction speeds and scalability have attracted developers seeking to build innovative decentralized applications (dApps) on its platform. A thriving dApp ecosystem is crucial for any blockchain's long-term success. If Solana can continue to foster a vibrant dApp developer community, it could drive increased demand for SOL, potentially leading to a price surge. Analyst Predictions: A Mixed Bag Looking ahead, analysts offer a mixed bag of predictions for Solana's price. Some, like the report from CoinCodex, project a bullish surge to $185 by July 10th. This optimistic outlook hinges on the assumption of positive developments within the Solana ecosystem. However, this bullish sentiment clashes with the bearish technical indicators and the "greed" reading on the Fear and Greed Index. A high "greed" reading can sometimes indicate an overvalued market, potentially leading to a correction. The Verdict: Wait and Watch In conclusion, Solana's current state presents a complex picture for investors. While technical indicators are sending mixed signals, the broader market environment and potential regulatory hurdles add further uncertainty. However, Solana's core strengths in speed and scalability remain attractive. The continued development of a robust dApp ecosystem could be the key to unlocking SOL's true potential. For now, investors should adopt a wait-and-watch approach, closely monitoring both technical indicators and external factors that could influence Solana's price. by bryandowningqln1
SOLANA getting ready for big moveSOLANA getting ready for big move Buy near 147-148 Stop loss at 139 Target 180-190 short termLongby profitoptionnew1
SOL AnalysisSOL got rejected from the topside of the diagonal movement. I'm expecting a retracement before continuing up. I'm taking this trade. My Target is the recent liquidity. Shortby TheSuccessfulOneUpdated 779
SOLUSD: Snapping Back to $210 | 70.70% Probability!BINANCE:SOLUSD has been drawing a lot of attention in the crypto space in the past few days due to its integration with NASDAQ:PYPL Let's have a technical analysis breakdown: BINANCE:SOLUSD According to my Free Probability Indicator , There's a 70.00% chance it could climb back over $210 and beyond, which is pretty much encouraging! If you're thinking about trading LINK, here's what you should consider: Entry: Wait for clear signs that the price is going up again. Once you're confident the trend is changing, consider buying LINK. I'm currently looking at the 8H Equilibrium to get positioned. Exit: To protect yourself from drawdowns, consider setting a "trailing stop-loss." This will automatically trigger a sell order if the price starts dropping again after you buy, securing your running profits. Risk Management: Ensure you're not risking more money than you can afford to lose. Only invest what you're comfortable with and consider how much you're willing to lose if things don't go as planned. This isn't financial advice, just some insights to help you make informed decisions. Always do your own research before investing in anything.Longby FractalystUpdated 1114
SOLSol Analysis: Holding trend well, Fib retest and strength Provided market conditions remain favourable overall looking to target full extension.Longby Nikash01115
Sol SpeculationSol currently at 2 major supports Could we see a rally up after the shakeout that just happened? Regardless of the big drop the general sentiment is bullish. We will see if the bulls can keep the buys flowing through.Longby TradeforthepeopleUpdated 1113
SOLANA WHAT NOW??We have been following the trend of Solana for some time now. We are now seeing buyers trying to push prices higher this is after market made a high around 209.90 . After which the market moved lower to make a retest at a crucial low around 159.20 - 167.70 . Now that we are seeing some signs of the buyers coming back, I will be looking to see if we can get a break and close above 191.80 . for possibility of another push higher towards the previous high 209.90 . I still maintain interest of possibly seeing price move towards the ATH 260 level. I keep an eye out as price can push lower towards support range 1 59.20 - 167.70 . Longby geekyfxkeUpdated 117
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 5522
$SOL price analysis #sol #solana price has broken down the trend line and had bearish retest, then failed to reclaim the trend line zone. #solusd may have test the trend line resistance (formerly support zone). If hard declines occur, daily ichimoku cloud bottom is the support zone. Also this ~144 #usd zone is the historical support zone. Not financial advice.by naphyse113
Solana Moving accroding to chart solana all time high soon. an it will create new high Longby KashifCh_eth223
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 JosePipsUpdated 334
Sol for dynastic wealthSol is coming back. bigly. new ATH in 2024, 4 digit SOL in 2025/26Longby Herb_cryptoUpdated 8830
$SOL good RR LongCRYPTOCAP:SOL has great potential in coming week. a good entry for a weekly swing game. coming week will be a green week for crypto followed by a panic sell off next coming weeks. Play correctly and dont miss the run. PORTFOLIO ALLOCATION FOR TRADE 10% 25x leverageLongby NerdFoxUpdated 2212
Could price reverse from here?SOL/USD is rising towards a resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 175.23 Why we like it: There is an overlap resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 188.78 Why we like it: There is a pullback resistance level. Take profit: 158.28 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarkets6
Solana Daily ChartSolana Daily Chart map if it bounces haha.. take it with a grain of salt.Longby itsNahmy0
Sol Still in DowntrendSol 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 Shortby tradertezUpdated 444
Bearish divergence H&SMarket is weak and the price is strong, mean hard reversal. Clearly, H&S 99% is formed.Shortby AzozYB0
Solana's Magic Eden NFT Volumes Top Bitcoin and EthereumSolana's Magic Eden, a non-fungible token (NFT) marketplace, has seen a surge in trading volumes, dominating the Solana ( CRYPTOCAP:SOL ), Ethereum, and Bitcoin networks. This surge comes as total NFT volumes have dropped in the last 30 days. The platform has surpassed NFT marketplace Blur on Ethereum, with its market share increasing to 41.39%. On Solana ( CRYPTOCAP:SOL ), Magic Eden maintains its lead with 75.79%, with assets worth over 17K SOL. Recent market activity has boosted its lead, with Tensor and Sniper coming up next with 19.38% and 2.40%, while Hyperspace and Hadeswap rank next with 1.21% and 0.98%, respectively. On-chain data from Tiexo points to a rally in Solana volumes, with volumes 18% to 22.7 SOL, approximately $3.81 million. Magic Eden dominated NFT volumes in the Bitcoin ecosystem, posting 55.07% of the market share. In December, Solana ( CRYPTOCAP:SOL ) topped Ethereum in NFT volumes as users purchased projects based on the platform. However, recent data from CryptoSlam shows a drop in overall volumes, with volumes plummeting 54% to $624 million from last month's over $1 billion volume. Bitcoin NFT sales plummeted 68%, while Ethereum and Solana experienced a 55% and 48% drop, respectively.Longby DEXWireNews1113
SOLUSD Tight Risk Buy PointWorking up the right side of a quality base, digesting the 1,100% run from September 2023 thru March 2024. High volume flush in April that was quickly bought up, shakeout in early-May, reclaim of important VWAPs, volume declining as it works its way up the right side. Now with the current volatility contraction, it setups up a potential early buy point within the base over 175 on a thrust in volume. The most aggressive stop placement would be just under the 163.50 low from 5/30. I will personally give it room to fluctuate until a decisive break below my cost basis around 150-ish.Longby apaqu224
May Closing BullishAfter starting May at 117 SOL began to claw back up and actually led BTC and ETH for sometime hitting 133 mid month. But then it made a new support area at 166-67 which is where we are back to today after some nice pumps. You know how it goes here we have to break through the 200 to 10 area for continuation. Otherwise we may be coming down like a popped like a balloon in June! Longby cryptoseedjohnny2