sol story telling shotbullish on sol story telling bullish mumentum in background reversal and bullish secret counts lead pump partyLongby lAtalha0
Solana (SOL) Breakout Signals Major Upside PotentialSolana (SOL) has emerged as a formidable player in the cryptocurrency space, boasting superior transaction speed, low fees, and remarkable scalability. These attributes position Solana as a leading candidate for substantial growth, setting it apart from other similar coins. Technical Analysis: The daily chart of Solana reveals a significant bullish development. On May 15, 2024, Solana experienced a breakout from a consolidation box, a move confirmed by the FCT (Box Breakout) indicator. This breakout is a robust signal of increased buying pressure and potential for further gains. Additionally, Solana is trading comfortably above both the 24-day and 150-day moving averages, underscoring the prevailing bullish trend. Key Technical Indicators: Breakout Date: May 15, 2024 Indicators Used: FCT (Box Breakout), 24-day Moving Average, 150-day Moving Average Current Price Level: Above 24-day and 150-day moving averages Trend: Strong bullish momentum Price Target: Given the current technical setup and market sentiment, we anticipate Solana's price to reach the $250 to $275 range per coin in the near term. This target is derived from the measured move of the breakout and the strong underlying fundamentals supporting Solana. Investment Thesis: Transaction Speed and Scalability: Solana can process up to 65,000 transactions per second (TPS), far exceeding the capabilities of many other blockchain platforms, including Ethereum. This speed, coupled with low transaction fees, makes Solana an attractive option for developers and users alike. Innovative Technology: Solana’s unique Proof of History (PoH) mechanism, which works in conjunction with Proof of Stake (PoS), enhances its scalability and efficiency. This technological edge provides a strong foundation for long-term growth. Ecosystem Growth: Solana’s ecosystem is rapidly expanding, with an increasing number of decentralized applications (dApps) and projects being built on its platform. This growth fosters network effects and adds intrinsic value to the SOL token. Institutional Interest: Solana has been attracting significant institutional interest, further validating its potential and providing additional liquidity and stability to the market. Recent Developments: Breakout Confirmation: The breakout from the consolidation box on May 15, 2024, marks a critical turning point. The FCT indicator's confirmation adds credibility to this move, suggesting sustained upward momentum. Moving Averages: Trading above the 24-day and 150-day moving averages highlights strong buying interest and investor confidence in Solana’s long-term prospects. Price Projections and Risk Management: Short-Term Target: $250 - $275 per coin Support Levels: Initial support around $180 (previous resistance turned support) Risk Management: Investors should consider placing stop-loss orders below the $180 support level to manage potential downside risk. Chart Analysis: The chart illustrates Solana’s breakout and current trading levels above key moving averages. The annotated chart also highlights the consolidation box and the breakout point, providing a visual representation of the bullish setup. Conclusion: Solana’s combination of innovative technology, rapid ecosystem growth, and strong technical indicators make it a compelling investment opportunity. The recent bullish breakout and sustained trend above critical moving averages point to further upside potential. Investors looking to capitalize on this opportunity should consider Solana for their portfolios, targeting the $250 to $275 range per coin. Stay tuned for further updates and happy trading! Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consider your risk tolerance before making investment decisions.Longby fardycurry0
BULLISH FLIP SOLANA- BUY SIGNAL Let if Fly,🚀 Big week for #Solana! flipped bullish at $153. Get ready! BUY SIGNAL Longby SpecuVisionary0
SOl Awaiting Confirmation Amidst Key LevelsThere is a cascade of levels ahead - we might see a small impulse, but on the daily chart, the coin has already moved significantly, so I don't expect a strong move. I've marked the targets and will enter after confirmation.Longby TradeMaster_Insights0
SolanaThe journey begins to be at an all-time high. Just required patience and a moderate risk:).Longby hafizzzji0
Solana SOL Update: Bullish Breakout or Bearish Retreat?As I have reported out yesterday, technically Solana is trading in the "no man's land" and can move in either direction. A bullish move towards and a break-out of $165 will push SOL towards $205 and, possibly, higher. Below $165 , risk of bearish move towards $131 is still there and, if $131 is broken to the downside, we can see a further bearishness to $113. Note, as long as Solana is trading between $131 and $165, the price action will be slow and choppy.by Cryptoleancom113
Will Solana stay on current support?Hello everyone, let's look at the 4H SOL to USDT chart, as we can see the price is staying in the sideways trend channel marked with blue lines. Let's start by setting goals for the near future that we can include: T1 = $145.9 was rejected T2 = strong zone that effectively reverses the price from $153-$163 AND T3 = $189 Now let's move on to the stop loss in case of further market declines: SL1 = $143.4 SL2 = $133.56 SL3 = $126.48 AND SL4 = $117.53 Looking at the RSI indicator, you can see that we are moving around the middle of the range, which gives a possible move in both directions, but the STOCH indicator is moving at the lower border, which should result in an upward price rebound if the price stays at the current support.by cryptodailyuk115
SolanaThe Solana coin is in the fifth wave. I expect it will go to the place shown on the Chart. The stop loss is if it closed two candles below $100 for a 4-hour frame. by Prinnce_240
$SOL - LONG to ~$919CRYPTOCAP:SOL Plan for CRYPTOCAP:SOL Remains Un-Changed. Consolidation Before Much HIGHER. Study CONVICTION. #SOLANA ⚡️ --- A study on chart fractal / greater cycle theory/fib extensions. CRYPTOCAP:SOL to ~$919 area this cycle. - @CryptoCurb Longby CryptoCurb222
Solana trade ideaOn the daily timeframe there is an impulse correction impulsive phase I'm expecting solana to buy a little bit before a big sellby Lanruzee2
SOL Elliot wave triangle/neutral triangle setup, 30% move awaitsIgnore the ABCDE count if you wish to, lets just focus on the liquidity and sideways formation while looking at the trend. The safest of plays would be the first break of either range and it can still lead to a 30% move on the breakout/breakdown. This setup alone is enough to print in May.by importedFlamin20791110
SOLUSDT 1W#SOL is testing the support zone which is the neckline of the rounding bottom pattern on the weekly chart. In case of a bounce, $300 is on the table. Targets are: $186.02 $207.66 $229.29 $260.08 $299.31by Bithereum_io117
Solana (SOL): Change Of Trend / Shorting? Solana had made a nice resistance zone near $160 where we had so far 2 full rejections and 1 smaller one (at the beginning). We are now monitoring the EMAs that are trying to perform a change of trend, which would mean a nice movement to lower zones towards our target line (red). Swallow Team Shortby SwallowPremiumUpdated 118
BULLISH WHITE-SWAN HARMONIC PATTERN ON SOLANANYSE:SOL is printing a bullish white-swan harmonic pattern. A clear reversal will be a bullish momentum crossing above $93.by Raf_Krypto1
#SOLUSDT, doing healthy correction to gain momentumHello, traders. Welcome to our crypto community! 🚀We're delighted to have you here, whether you're an experienced trader or new to the world of cryptocurrencies. We are willing to talk about #SOL. #SOLUSDT 🔥🚀. Update: 💹. #SOLUSDT broke the trend line in the 12 hr time frame. Newly formed support retesting is in process✅. Struggling to break through the resistance💹🚀. We anticipate a nearly 40% increase in the near future 👉✅.Longby CryptoAnalystHub113
Potential Reversal from 0.76 Fibonacci LevelThe recent price movement of Solana (SOL) has seen a noteworthy interaction with the 0.76 Fibonacci retracement level, hinting at a potential reversal in the cryptocurrency's trajectory. The Fibonacci retracement tool, a widely utilized technical analysis instrument, assists traders in identifying key levels of support and resistance based on the Fibonacci sequence. Understanding Fibonacci Retracement Levels: Fibonacci retracement levels, such as 0.236, 0.382, 0.5, 0.618, and 0.76, serve as critical reference points for traders analyzing price movements. These levels often indicate potential areas of trend reversal or continuation. 0.76 Fibonacci Level as a Reversal Zone: The 0.76 Fibonacci retracement level, also known as a retracement of 76.4%, is considered a significant zone where price reversals may occur. When an asset approaches this level and shows signs of rejection, it suggests a potential reversal from the prevailing trend. Implications for Traders and Investors The interaction with the 0.76 Fibonacci retracement level carries important implications for traders and investors assessing Solana's price dynamics: Reversal Signal: Solana's bounce from the 0.76 Fibonacci level could indicate a potential top and reversal in its price trend. Traders may interpret this as a signal to consider short positions or reduce exposure to long positions. Confirmation and Risk Management: Confirmation of a trend reversal is crucial before making trading decisions. Traders may wait for additional confirmation through bearish price action, increased selling volume, or breaches of key support levels. Implementing effective risk management strategies, such as stop-loss orders, can help mitigate potential losses in volatile market conditions. Market Sentiment and Fundamental Factors: Monitoring market sentiment and fundamental developments within the Solana ecosystem is essential for gaining insights into potential price movements. Positive developments or partnerships may counteract technical signals, emphasizing the importance of a comprehensive analysis approach. In conclusion, Solana's interaction with the 0.76 Fibonacci retracement level suggests a pivotal moment in its price trajectory, potentially signaling a reversal from the recent uptrend. Traders and investors should closely monitor price developments, confirmatory signals, and risk factors to make informed decisions in response to evolving market conditions.Shortby AlenCiken112
Sol/usdt analysis by ict price action and trend lines Solana successfully break triangle to up and accumulated down liquidity and now going up for accumulat up liquidity. Tp1 = 237$ Tp2= 279$ Tp3 = 300$ Longby ICTTRADER20246
SOL priceThe Solana (SOL) crypto gained investor interest and was returned to the bullish trackLongby TheCoinRepublic1
Solana's Intraday Surge: Will $157 Mark the Path to $170?Yesterday, Solana moved bullish in the H4 chart towards $157. 1. A bounce off $150, followed by a bullish surge to $157, could pave the way for $169-$175. However, reclaiming $157 is essential first. 2. A move to below $143 may exert further downward pressure towards $137 and $131, the key intraday support, with expectations for a slow and choppy price movement in this scenario. Find more information in signature! Longby Cryptoleancom2
The SOLANA elevator is going downTime for Solana to make a major retracement. It is my prediction that the buy zone will be between $79 and $114 if you are viewing things on the weekly time frame. I'm happy to hear from folks if you think I am wrong, and if so, please provide links to other charts or provide information to discredit my idea. All the best. Thank you.Shortby TheCoinCowboy114
Looking for long shot Major rejections of downtrend. As per Fibonacci 0.5 golden zone rule. I will wait for breakout of today high and but trade for long.Longby MeghalTrivedi2
SOLUSDTExpecting consolidate between the highlited support and resistance the break into bullish.Longby vistaprimefx1