$SOL 4 digit zhuper cycle run solana survived solana gud chain for meme and pajeet to make it off 2$ soalana zhuper cycle confirmed 4 digit target price for blow off top pico euphoria Longby btcpalmer222
SOL Breaks Resistance and May Keep RisingIn the last 48 hours, the Solana price has shown notable volatility on the 4-hour chart, presenting opportunities for keen market watchers. The closing prices have progressed, indicating a bullish trend in the short term. This upward movement is supported by technical indicators, suggesting potential entry and exit points for traders eyeing both long and short positions. The 9 Exponential Moving Average (EMA) has seen a steady increase, staying above the 20 EMA, which itself moved up as well. This bullish crossover, where the shorter-term EMA remains above the longer-term EMA, points to ongoing bullish momentum. Furthermore, the Moving Average Convergence Divergence (MACD) has provided additional bullish signals. The MACD line has progressively risen, outpacing the signal line and moving from a slight negative histogram value to a robust positive at 0.8938. This indicates strengthening bullish momentum. The Relative Strength Index (RSI) has also climbed. This upward trajectory suggests increasing buying pressure, although it remains below the overbought threshold of 70, indicating that there may still be room for upside before any significant pullback. However, traders should consider potential resistance and support levels. The immediate resistance level to watch is at $139.74. A decisive break above this level could open the path towards testing higher resistances. On the downside, support levels are clearly defined at $133.73, $125.37, and $114.54. These levels could serve as crucial points for setting stop losses or considering short positions should the trend reverse. Given the current market conditions, potential entry points for long positions could be around the breakout points above key resistance levels, particularly if the bullish momentum continues with supportive volume. Conversely, should the pair show signs of weakening, entering short positions near resistance levels with tight stops above could be considered, aiming for the aforementioned support levels as exit points. Longby StevenWalgenbach116
SOLANA TO $188BUY SIGNAL on SOLANA Target of $188 Quick rebound from dump Comment belowLongby SpecuVisionary9
Will Solana enter the $200 channel?📊 According to the strong upward momentum of the price movement, if the range of 140 units is broken and the price stabilizes above it, the price may increase to the range of 170 units🎯 , and if the range of 212 units🎯🎯 is strong. 📊 Otherwise, the price may fall to the range of 110 units.Longby arongroups14
solThe red box is a very important area that must be broken in the weekly time to reach the blue lines. Below are the areas that can be checked for buying.by hosseinghaffari671
SOLUSDT| Potential ABC Correction Wave Wave Analysis - weekly timeframe with a possible ABC correction wave > Target: Fibonacci retracement 61.8 - 78.6% +30% upside > Entry: TFD Falling downtrend channel breakout Key support: WMA20W - target correction zone Indicator: RSI Week - overbought but still no signs of divergence Longby dukeposhUpdated 112
Sol usdtSo Prometheum wants the sec to classify Ethereum as a security. I am no conspiracy theorist but Sol is the closes rival to ethereum. If the sec is with them on this move. They will successfully classify ethereum as a security and all the money will flow to sol . then the markets will react to the news. Remember FTX hold a bunch of Solana supply so I would be surprised if that scenario plays out. Remember FTX was meeting with gansler prior to the collapse. So this scenario could play out. I bout not much just a little bit is sol just to see where goes by Todopoderoso0
SOL | bonus update. Fiyat gri kutu üzerinde oluşturduğu konsolidasyon sonrasında manipülasyon yaptı. Grafikte temiz bir PO3 görüntüsü var. Ek olarak SOLBTC pairi de bullish'e evrilmiş. Gri kutu test edilirse pozisyonuma ekleme yapabilirim. Pariteye çok pozitif bakıyorum. ------- The price underwent manipulation after consolidating within the grey box. There is a significantly clear PO3 on the chart. Additionally, the SOLBTC pair has evaluated to a bullish trend. If the grey box is tested again, I may add more to my position. I am considerably looking positive about the pair.by alpystaticsUpdated 3
#SOL/USDT#SOL On the 4-hour frame, we have a good bounce heading into the downtrend We are about to touch the trend and correction slightly before completing the rise This rise is supported by the breakout of the Moving Average 100 Entry price is 98.00 The first goal is 103.38 The second goal is 108.63 The third goal is 114.70 The fourth goal is 121.32Longby CryptoAnalystSignalUpdated 3312
SOL/USDT 1DInterval Chart ReviewHello everyone, let's take a look at the SOL to USDT chart on a one-day time frame. You can see how the upward movements have created an upward trend channel, in which we remain for now. Going further, we can mark a strong resistance zone from which the price has gone up and is currently struggling to positively test this level, which may then result in an upward movement towards $156, and then we have visible resistance around $204. Looking the other way, if the price falls below the previously indicated zone again, we have a visible support at $103, then a second support at $92, and a third support at $79. Looking at the RSI indicator, we can see that for the second time we have bounced from a similar place, which creates a support line, while the STOCH indicator remains near the upper limit, so we should be cautious.by cryptodailyuk3
SOLUSDT: Signaling Strong Bullish Trend, Upside Potential +40%?Hi Realistic Traders, let's delve into the technical analysis of $BINANCE: SOLUSDT Embracing Dow Theory's core idea that "history repeats itself. In September 2023, we witnessed a breakout from a falling wedge pattern. Following that breakout, prices kept climbing in a bullish trend. Recently, we noticed a quick bounce at the 0.5 Fibonacci Ratio, coupled with breaking the upper trendline of the falling wedge. This move was confirmed by a bullish crossover on the stochastic—similar to what we've seen before. So, based on these signals, we're projecting a potential bullish run toward our target area. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Solana." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!Longby financialfreedomgoals101Updated 7742
SOLSOL is currently making descending channel and is below 44 MA. MS is bearish it need LH on LTF.According to dailly or Weekly, SOL is Maniputing till now.We can see small recoverey in SOL soon.Wait for breakout of resistance which is 27-28$.Longby hamzashabbir990Updated 116
✴️ Solana 5X SHORT (333% Potential)This has been a long time in the making. Remember to do your research because market conditions can always change. We still have the bearish divergence, weak higher high, etc. The bullish phase has been going for more than a year, a correction is now imminent. ____ SHORT SOLUSDT Leverage: 5X Buy-in: $143 - $127 | Cp: $133 Targets: 1) $123 2) $113 3) $93 4) $87 5) $77 6) $63 7) $59 8) $53 9) $44 Stop-loss: Close daily above $145 Potential profits: 333% Capital allocation: 5% ____ Wishing you good luck and profits, health and success. Thank you for reading. Namaste.Shortby AlanSantanaUpdated 303054
solusdt(Will Sol be destroyed?)((All my analyzes are personal and are never recommended for trading)) What I have understood from my 12 years of experience in the financial markets, and it may be completely wrong, is to say goodbye to Sol. Of course, the possibility that the volume of transactions has an opposite effect on my analysis and reverses the analysis is very high, and it was one of the bugs in my strategy. Fundamental analysis is generally wrong and is based on preconceived information that generally has no role in market movement, so it is ignored in this analysis. Longby Saeid4843Updated 18
2024-2026 Exploration of 5-100x Web3 cryptos and Stock TargeTime flies, nearly four years have passed since we wrote a similar article, and we feel quite satisfied as 95% of the predictions have been met. Except for Boeing, which surprisingly didn't take off, Bilibili ($19), BTC ($3800), Tiger $3, and PDD ($19) achieved the expected 5-10x growth within two years. The subsequent performances of FWB:ACH , LSE:UOS , AMEX:NEAR , and EURONEXT:ALGO provided even greater surprises with 10-80x gains. However, I continuously reflect and hope to improve my judgment since, compared to readers who directly read the articles, those of us immersed in the sea of information sometimes have our initial judgments clouded by various external factors. We prefer to express our views at relatively low or high points in advance, allowing time to silently validate these opinions. Real-time perspectives are highly attractive but also constantly at risk, demanding much energy and health. Many have faced health warnings, and we hope everyone remains healthy and happy in 2024. I lean towards identifying the start and end points, then trusting the driver and natural progression for everything in between. Returning to the topic, it has been over two and a half years since a similar article, and I will discuss a few targets and core catalysts I believe are underestimated: 1.Bitcoin (BTC) BINANCE:BTCUSD Introduction: Born in January 2009 as a hedge against inflation after the 2008 financial crisis, BTC has experienced nearly 16 years. Its underlying logic and blockchain technology have birthed foundational blockchains like Ethereum, ADA, SOL, AVAX, CFX, and Algo. BTC's development attributes have expanded potential applications, such as Stacks and RGB protocols. My ultimate expectation for BTC is simple: it could be valued highly just as a new E-GOLD for decades to come. If its ecosystem applications further explode, it could become one of this century's leading assets. Key Catalysts: The 2024 halving, reducing block rewards to 3.125 and resulting in a yearly inflation of about 0.782%, which is lower than the inflation rates of most developed countries. The next wave of funding entering the industry could be expedited by the SEC’s approval of ETFs, the alleviation of sell pressure from Grayscale's repositioning and MGOT, and traditional financial risks causing forced rescue actions by BTC-holding companies to pass. ● Expected Valuation : $200,000 MC: 4.2 trillion USD, marking the beginning of a new world, extensively unfolding application scenarios Reminder: It's important to emphasize that long-term expected valuations do not imply a straight path upwards from current price points. There might be an average upward trend, but short-term intense volatility is possible. Always remember not to engage in long-term commitments with high leverage. This reminder is also placed here for additional caution. 2.Telegram Ime ( GATEIO:LIMEUSDT Lime) & TON (TON) Introduction Ime Messenger is a special version of Telegram, integrating functionalities such as a multi-chain wallet, enabling direct transfers of various blockchain assets like BTC, ETH, AVAX, BNB, Polygon, Mantle, AVAX, etc., among Telegram friends. It incorporates features like Binance Pay, direct Google Translate in Twitter and TG conversations, and optimizes Telegram's overall layout and usability. Telegram accounts and chat histories, along with other crucial data, can be directly utilized in the Ime version of Telegram without the need for a new account. Similarly, chat histories in the IME version will automatically sync with the original Telegram version, facilitating easy switching. The Ime version essentially acts as an integrator, merging the Web3 world into the TG ecosystem, with TON leaning towards the chain ecosystem. TON is a native public blockchain ecosystem developed on top of Telegram, serving as an inherited blockchain project from TG's original project team. It introduces more development possibilities and diversity to Telegram's native ecosystem growth. ● Core Logic: Within three years, the user base of the Ime version increased from 2 million to 10 million users, a 500% increase. The friendly relationship with Telegram's founding team enables seamless connection to Telegram's 700 million users. The latest multi-chain Token group red packet function uses Lime as the Gas fee, which will greatly benefit the project's operation and promotion if more convenient modes are optimized in the future. Ime's multi-chain integration feature can help project parties integrate into the Telegram ecosystem faster. Currently, LIME's FDV fluctuates between $5M and $10M, far below the valuation of many primary market projects. TON, as TG's native underlying public blockchain, ranks at the forefront in terms of operational level and market promotion. It can be directly used in the original version of TG, reducing the teaching cost. Although it doesn't support multi-chain, the wallet is a single-chain wallet in the form of a dialogue box. TON itself also has enough potential, and its FDV has surpassed $10 billion, indicating the market's expectations for Telegram. ● Keys to Launch: Ime Lime: Due to the presence of many hardcore tech personnel from Russia and Ukraine, the involvement of core operational PR is needed to enhance the project's self-marketing capability. Further optimization of the TG group members' ability to freely use the red packet function to send various TOKENs as rewards to group members. More optimization of TG functionalities to be utilized. Further support and policies from Russia towards blockchain applications. TON: A more lenient regulatory stance from the SEC towards the official Telegram TON. Collaboration and output of SocialFi Killer-level projects on the chain. An increase in GameFi entering through TG as a portal. ● Expected Valuation: Lime: Current MC FDV: $5.7M, Expected FDV: SEED_TVCODER77_ETHBTCDATA:3B - SEED_TVCODER77_ETHBTCDATA:5B TON: Current MC FDV: MUN:10B , Expected FDV: $60B 3.Conflux (CFX) BINANCE:CFXUSDT ● Basic Introduction: Conflux is a Layer 1 public blockchain supported by a team that includes a Turing Award winner and technical advisors from Tsinghua University's Yao Class, aimed at long-term development platforms for dApps, e-commerce, Web 3, and metaverse infrastructures. Its Tree-Graph consensus mechanism, which combines Proof of Work (PoW) and Proof of Stake (PoS) algorithms, is considered one of the most prominent purely domestic projects in my opinion. ● Core Logic: Conflux's unique Tree-Graph consensus algorithm achieves high scalability and low latency, driven by a technology-focused team, ensuring smoothness and convenience comparable to high-valuation blockchain projects like SOL and ETH. It aligns quickly with the mainstream development pace of Web3, waiting only for further opening and an increase in active users to unlock significant potential. Trendy applications are gradually making their way onto CFX. ● Keys to Launch: Further support and liberalization for blockchain public chain applications and the metaverse by mainland China.Further popularization of the public chain as a pilot test in China's Hong Kong, Macao, and Taiwan regions. More official cooperation and implementation with institutions like CITIC, Xiaohongshu, leading to the complete disappearance of traditional capital suppression. Gradual maturity of Conflux's own development and formal, successful support for BTC L2. ● Expected Valuation: Current MC FDV of CFX: Fluctuating around $0.9B, Expected FDV: $36B-$80B 4.Opulous (OPUL) KUCOIN:OPULUSDT ● Basic Introduction: A music RWA+DeFi project, where RWA has already achieved application cooperation with singers. Investors can participate in purchasing a portion of album rights with OPUL to earn subsequent album revenue shares from the artist. The new feature, Opulous OLOAN, creates a unique bridge between RWA and the music industry. By staking USDC in the pool, it provides funding for musicians and earns extra income on the staked USDC. OVAULT is a unique staking pool on the Opulous platform that allows you to stake USDC to access a diverse music library. This library, curated by Opulous music experts, features popular and high-performing songs. Participating in OVAULT not only grants access to this music library but also rewards, offering a way to engage with the music industry and profit from staking. ● Core Logic: The company has a rich network of core music resources, with dittos being a music collaboration company of ED Sheeran, Overall, Opulous maintains a relatively leading position in market rhythm control, ranking as one of the more playful project parties on the Algorand and Arb chains. The pressure from private placements has been fully released. ● Key to Launch: The further popularization of music applications, as well as the actual revenue generated by high-profit artists. ● Expected Valuation: OPUL current MC FDV fluctuates around $50M-100M, with an expected FDV of MUN:10B -$30B 5.Bilibili (BILI) NASDAQ:BILI ● Basic Introduction: A video creation and live streaming platform, a haven for secondary elements, and a platform concentrated with young purchasing power, which has invested in a bunch of enterprises leading to poor financial reports in recent years. Thus, the stock price has plummeted from its peak, so let's just drink to that. ● Core Logic: Currently, the only platform in China that seems capable of competing with YouTube. Gaming may catch up to the era of Web3 entry points. High user stickiness, but consumer rights are currently somewhat limited to anime series. ● Key to Launch: Encourage more original creative educational videos, as most Chinese videos now are summary-based, and original content is much less compared to YouTube. Activating this "wasteland" could be a significant source of revenue for Bili, as many are willing to pay for quality knowledge, but management needs to be stricter to prevent bad money from driving out good. Investments from the past two years are beginning to generate exit profits. Revise the business distribution; the current mix of live streaming and gaming services with the website is a bit odd. ● Expected Valuation: Bili's current valuation: $3.8B MC FDV, with an expected valuation in 5 years of $50-100B. 6.Avalanche / Polygon / Near / Algorand/ Solana BINANCE:AVAXUSDT BINANCE:MATICUSDT BINANCE:ALGOUSDT BINANCE:NEARUSDT BINANCE:SOLUSDT ● Basic Introduction: Alt-L1 is a core foundational public blockchain infrastructure. AVAX and Polygon are more akin to Ethereum's sidechains, while Sol / Near / Algo have their own underlying architectures + EVM+BTC virtual machine compatibility or stand-alone projects to enhance compatibility with Ethereum. Each public blockchain has its own unique ecosystem. In 2024, it's more suitable for each chain to be discussed separately in a comprehensive series due to their foundational architectures, which cannot be fully covered here without extending into tens of thousands of words. ● Core Logic: The security of L1's underlying architecture has become increasingly refined. Although there have been debates regarding Sol's foundational security, it's undeniable that Solana has become the largest ecosystem outside of Ethereum, even leading in popularity at times. However, with the initiation of Ethereum's layering series, Ethereum's ecosystem could potentially introduce more gameplay. AVAX, SOL, and Matic are perfect examples of market rhythm mastery, with Near being average in convenience, and Algo being the least market-savvy but having the highest prestige in terms of technical strength and collaborations. The other L1s are advancing similarly, now engaging in mutual competition. After an uninteresting two years, the public chain ecosystem is finally starting to show some vitality again. ● Key to Launch: After global macroeconomic black swan events are thoroughly cleared, the new era's focus will shift further towards AI, blockchain, and informational fields, increasing the exploration desire for reservoirs and funds. LSD, Restaking, Rollup, and various new DeFi gameplay will further penetrate major ecosystems, sparking new value bubbles. ● Expected Valuation: Future MC FDV: AVAX: 150B SOL: 300B ALGO: 60B-150B (300B--- if the team optimizes and gets designated by US policies) NEAR: 50B-100B MATIC: 80B-100B (250B--- if designated by Indian policies) 7.Tiger Brokers (Tiger) ● Basic Introduction: A youthful brokerage with excellent trading experience, superb data provision, and UI design, providing ample information on financial reports and data. ● Core Logic: Undervalued, with virtual licenses approved. The support for compliant tokens like USDC for deposit could significantly increase trading volume and financial income. ● Key to Launch: Further relaxation and support for compliant KYC by domestic policies. Overall recovery and accumulation in the financial markets. ● Expected Valuation: Current FDV: 0.58B, Expected FDV: 10-20 B 8.Planetswatch (Planets) ● Basic Introduction: An eco-friendly project monitoring air quality through air sensors, allowing for real-time air quality data transmission via different sensor nodes in exchange for token rewards. ● Core Logic: High early valuation and low circulation rate, with prices significantly dropping due to the bear market and inflation impacts, a common issue for early-stage projects with low circulation rates. ● Key to Launch: Further global emphasis on environmental infrastructure, with Eco projects becoming a focal point in blockchain discussions. ● Expected Valuation: Current MC FDV: 2M, Expected FDV: 20M-200M 9.ContextLogic (Wish) NASDAQ:WISH ● Basic Introduction: Wish is a U.S.-based e-commerce platform founded in 2010 by former Google employee Piotr Szulczewski and former Yahoo employee Danny Zhang. Its parent company, ContextLogic Inc., is headquartered in San Francisco, USA, primarily selling inexpensive household items, clothing, jewelry, electronics, toys, etc. ● Core Logic: Overhyped by consortia like Goldman Sachs in 2020, leading to a steady fall to the verge of delisting. Prices are near low, with recent market actions and promotions starting to revive. ● Key to Launch: Further reliance on group buying, especially the expectation of cheap group purchases by the consumption downgrade population. Entry of new major institutions into the acquisition process. Revival in financial reports and business. ● Expected Valuation: Current MC FDV: 0.1B, Expected MC FDV: 2B-10B 10.Waves Enterprises (West) KUCOIN:WESTUSDT ● Basic Introduction: Waves Enterprise is an enterprise-grade blockchain platform for building fault-tolerant digital infrastructures. As a hybrid solution, it combines enterprises, service providers, and decentralized applications in a trustless environment, leveraging the advantages of public permissioned blockchain across a wide range of business use cases. Sidechains are used for building private or hybrid infrastructures, storing metadata on the mainnet. The platform is powered by Waves Enterprise System Token ( NASDAQ:WEST ), the native utility token for all network operations. ● Core Logic: Enterprise-grade public and private hybrid blockchain protocols may be more easily accepted by traditional enterprises. ● Key to Launch: Further support for blockchain technology from Russia, with traditional oligarchs and consortiums responding to related policies. Further popularization Expected Valuation: Current MC FDV: 2-5M fluctuation, Expected MC FDV: 2B-5B (20-50B--- if designated by Russia) Summary: This article analyzes the long-term potential value of several projects. Some have survived through significant trials and tribulations, and others possess superior fundamentals and philosophies but lack market operation capabilities and are in need of a discerning eye. Therefore, while they have potential, it does not guarantee they will meet expectations, and they may also suffer unexpected setbacks. The global economy has not yet emerged from the mire; in fact, it can be likened to treading on thin ice where the superficial prosperity cannot mask the unresolved core flaws. Certain festering issues and malignancies have yet to be addressed, so even as the future for AI and blockchain seems bright, it's prudent for individuals and institutions to adhere to a set of personal principles. For emerging public chains like SEI, TIA, and Layer 2 solutions, as well as diverse projects like Altlayer, Manta, Dymension, Edenlayer, Zeta involving Restaking, LSD, and other novel mechanisms, the extended lock-up periods of this investment round make early valuations even more challenging to gauge. This tests the responsibility and habits of the project teams since the majority of tokens are still in their hands. If the foundation dumps early, new projects could experience significant setbacks. However, there's also the possibility of projects like TIA achieving "vintage" valuations, though such outcomes are difficult to predict swiftly. The development of the blockchain industry is expected to be relatively bright in the coming years. However, it's important to reiterate the caution stated at the beginning of this article: long-term valuations do not mean a continuous upward trend from current price points. The market could experience intense volatility, similar to a scenario where BTC suddenly drops to MIL:1K and then rebounds to $40k, although such an event is highly unlikely. If one can maintain a healthy position in such scenarios, there should be no cause for concern. Remember not to engage in long-term commitments with high leverage. Try to avoid or minimize engagement with contracts unless for entertainment and if you possess sufficient self-discipline. Do Your Own Research (DYOR) remains the primary way to maintain a healthy investment strategy. Disclaimer: This article is not intended as investment or financial advice but merely reflects the author's opinions and insights, hoping for mutual learning and progress. by OuChiBoy3
SOLANA UPDATES Price is dipping, Observation of the price is on Sign of weakness, Im expecting price would manipulate the previous high , for buy OP on CRYPTOCAP:SOL look for demand zone being noted. 130-169$ is top? what you all think? Trade it or Hold it. This is not a financial advice, CRYPTOCAP:SOL is on distribution above atleast 130$. Follow for more .. Congrats who short it.Shortby keno1989Updated 445
cluster support is here 💪🦅SOL bounce from cluster support and break of 20.41 and we should rally to 23.69-25.21 🎯 break of 18.50/trend support and we downside to 14-16 can come quick..🐻 I think we can see a big bounce soon, boost and follow for more.. thanks 💚Longby Vibranium_CapitalUpdated 9934
SOLANA: Approach to important support areaHi everyone! Solana's main trend is up in the long term. After completing the bullish structure in the $265 area, SOL triggered an important corrective structure which correctly reached the first support area around 8.50. That said, a consolidation is possible in short term but from a technical point of view, it should be interpreted as an opportunity to take a long position. NB: Analysis shown is on a logarithmic scale. Trade with care.... 💖 Support our idea with your Like & Comment, thank you! 💖Longby TheAnonymousBankerUpdated 5542
solWe are in a very important area. The red lines are a very tough resistance. If it is broken with strength, it can see higher targets. Otherwise, I will wait on the lower lines.by hosseinghaffari671
SOL USDT TECHNICAL ANALYSISThe trend previously running was bullish there was a continuation of HH & HL ,there is no divergence spotted & last HL is also not broken ,so trend is more likely to continue, market is currently traveling side to side so upon candle closing above 131.10 the chart will will most probably rise Longby asadmohammad01910
SOL possible resurrection? SOL is one of the most affected cryptos by the FTX crash. Without knowing much about its fundamental, I would like to give my view based on TA. In my opinion, along with other large cap cryptos, SOL may have found its bottom (at $8). What will be the worse scenario for SOL than the FTX's fall? May be the crash of all markets? Except this extreme scenario or a similar one, I expect a recovery of crypto market in general and of SOL in particuliar. Now let talk about SOL. My idea is quite simple: On weekly time-frame, CMF values seem to cross 0 from negative values. It would indicate that the bottom is in and the trend is about to reverse for SOL. Prices are now above the lowest ascending trendline (black continous line), but it would approach this support in the future, at a higher prices. By this, I suppose that the lowest trendline depicted in chart would be the last support, if the considered structure holds. Certainly I need to search/update on this project, but for a possible investment strategy, I put in chart a referenced "Accumulation area" and a very optimistic target. What do you think about this analysis and the price projection? Do you believe in a possible ressurection of SOL (and why)? Thanks for your comments and for any piece of information about the project. All the best with your trades! Longby evasivesteeringUpdated 6645
Solana's Strong Bullish Momentum:Solana's Strong Bullish Momentum: A Comprehensive Analysis and Future Outlook 📈 Abstract : Following a decisive breakthrough of the $26 resistance level, Solana (SOL) has initiated a robust bullish run on the weekly timeframe 🚀. This upward movement marks approximately a 370% increase, propelling SOL to the $136 zone. Historically, this area has been significant, as Solana previously experienced a steep correction of around 93% after a pullback to this zone, highlighting its importance on initial contact. Currently, SOL is attempting to breach this critical area again. Should it succeed, the potential for a parabolic ascent to its all-time high (ATH) becomes plausible 💹. This analysis delves into Solana's current market position, providing insights for a potential long position with a stop loss below $92 and targeting its ATH 🎯. Conversely, failure to surpass this threshold may signal the formation of a double top pattern, with further declines anticipated. In such a scenario, considering a short position following a break below $85, with a stop loss above $136, becomes viable 🔻. This update will closely monitor Solana's market behavior, providing timely analysis updates. Please note, this analysis is a financial perspective and not a buy or sell recommendation ❗️. Analysis: Solana's recent rally beyond the $26 resistance level has ignited a significant bullish trend in the weekly timeframe, culminating in an impressive 370% increase to reach the $136 region 🌟. This zone bears historical significance due to a previous substantial pullback that marked a nearly 93% decline, underscoring the critical nature of this level upon initial encounter. Presently, Solana is retesting this pivotal zone, endeavoring to establish a new breakout 🔄. Potential Long Position: Should Solana successfully navigate beyond this resistance, the door opens for a parabolic journey towards its ATH 📊. Investors might consider a long position with a strategic stop loss positioned below $92, aiming for the ATH as the target 🎯. This move anticipates leveraging Solana's breakout potential for significant gains. Risk of Rejection: However, the risk of rejection at this crucial juncture cannot be overlooked. A failure to breach the $136 zone could indicate the formation of a double top pattern, suggesting a bearish reversal and potential for further declines 🔽. In this adverse scenario, a break below the $85 mark could validate a bearish outlook, justifying a short position with a stop loss set above $136 to mitigate risks associated with unexpected bullish reversals. Conclusion: As Solana tests a critical resistance level, its ability to sustain momentum and break through will significantly influence its short-term market trajectory ✨. This analysis aims to equip traders with insights for navigating potential market movements, emphasizing a cautious approach given the volatile nature of cryptocurrency markets. It's crucial to stay updated with market trends and adjust strategies accordingly. Remember, this analysis provides a financial perspective and should not be construed as a direct buying or selling recommendation. Disclaimer: This market analysis is for informational purposes only and does not constitute financial advice 🚫. Investors are advised to conduct their own research or consult a professional advisor before making investment decisions. by javadroid1
SOL trade in best zones📊Analysis by AhmadArz: Entry in high & low levels 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!by ahmadarzUpdated 4