A 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...
These are just price and mcap projections and not to be taken as financial advice. Imho there are basically 3 cryptocurrencies that matter in terms of organic user and developer adoption. That's Bitcoin, Ethereum and Solana, other chains don't come close. Currently Solana is the fastest blockchain, and processing more transactions than Ethereum and it's L2s...
BTC has changed dance partners from ETH to SOL..A clear shift where SOL is outperforming both ETH and BTC on big moves is a deft dance In the latest surge a few days ago SOL hopped around 165- 167 on the way to 175. Today while BTC has dipped to its new strong bounce area around 66100 SOL is bouncing faster around 167 again currently to170. We may consolidate...
Solana, 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...
SOL/USD is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 155.02 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 149.20 Why we like it: There is a pullback support...
Price is falling towards a support level which is an overlap support and could potentially bounce from this level to our take profit. Entry: 138.77 Why we like it: There is an overlap support level. Stop loss: 128.26 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 153.98 Why we like it: There is...
Triangle Tension: SOL is currently compressing within a triangle pattern, indicating a critical juncture that could lead to significant price movements. Support Stress: The ongoing retracement is putting pressure on the long-standing support trendline, heightening the stakes for future price direction. Resistance Hurdles: Solana faces challenges at the overhead...
Solana (SOL) has defied the recent crypto market slump, surging nearly 15% and reclaiming the crucial $150 resistance level. This positive momentum has analysts excited about the possibility of further gains, with $204 emerging as the next key hurdle to overcome. Breaking Through Resistance The recent SOL price increase follows a period of consolidation. After...
SOL is breaking out of base after 16 April. Looks like it will continue it's uptrend.
Sol has taken off but now is in a bit of a pickle. It is in the resistance zone. Can it break through or will it retrace. My short resistance zone is near the $169. If it breaks through that then its off to the races
Due 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%.
pivot point theory on the daily says top of the range is heaven
Solana price action is looking very similar to the previous months before it ran to new highs. I think solana summer is approaching very quickly. COINBASE:SOLUSD
Many altcoins warming up now and although their are many top tier sleeping dogs; SOL is not one of them, pushing on up here. SOL is still only just above the previous high and may yet see a pull back before full breaking out, but its starting to look like the next wave up is underway as we looked at before. Weekly RSI is now pushing into the top quadrant and...
Solana (SOL) has been showing significant bullish momentum, currently trading at $171.51 with a notable increase of 1.23% intraday. The asset's market cap stands at $77.04 billion with a 24-hour trading volume of $2.65 billion. The price action and technical indicators suggest strong bullish trends with potential for further gains. Price Action and Trend...
Its 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 trading
Sol 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
In a significant development for the cryptocurrency landscape, Solana (SOL) has emerged as a more economically profitable blockchain than Ethereum (ETH) for the first time ever. This news comes amidst a strong year for SOL, which has significantly outperformed Ethereum in terms of price gains as well. Solana's Profitability Milestone On-chain analyst Leon...