Solana (SOL): Will it Rebound Back to $170 or Slip Down to $150?With the resurgence of memecoin mania, Solana also received significant momentum. The bulls used all their strength to keep the value above $180 but the growing bearish strength caused a notable pullback. As a result, the SOL price is consolidating strongly within a narrow range of $163 to $172, indicating the possibility of a large move ahead.
While the crypto markets have been outpowered by the bears, can the SOL price initiate a fresh upswing to nullify the selling pressure?
Ever since the start of the rally in March, the SOL price has demonstrated its strength by marking highs above $200 a couple of times. However, a rejection followed, causing a 40% loss in value. Regardless of this, the current trade set-up suggests the bulls to be holding a tight grip over the rally and hence demonstrate a higher possibility of reclaiming $180 in the first few days of June.
As suggested in the above chart, the SOL price continues its trade within a symmetrical triangle and is currently holding above the local support zone between $155 and $160. The tight accumulation has occurred due to the equal participation of the bulls and bears and hence this suggests a huge price action could be on the horizon.
Besides, the technicals suggest a notable change in the trend as the Gaussian channel just turned green, indicating the beginning of an upswing. Moreover, the price is closely ranging just below the upper bands of the channel and if they manage to break above the levels, a fresh upswing may begin. Secondly, the stochastic RSI has also reached below the lower threshold and could be preparing for a rebound, substantiating the bullish claim.
Therefore, Solana’s (SOL) price continues to remain within bullish influence and hence a bullish breakout above $175 may be expected at the beginning of the second half of 2024.
WHITEBIT:SOLUSDT
SOLUSDT trade ideas
Solana Technical Analysis: Key Insights and Strategies 📉Current Market Position:
Solana (SOL) has been in a parabolic movement but is currently losing momentum. If the weekly candle closes as it is now, there's a potential for breaking the curved trendline.
Key Support and Resistance Levels:
Critical Support at $100: If Bitcoin continues to drop and the market remains bearish for the next three months, SOL might reach this level.
Immediate Support: Set a stop loss below $136. If this support breaks but turns out to be a false breakout, consider re-entering.
Buying Strategies:
Long-Term Hold:
Buy after a breakout and stabilization above $205.
Alternatively, wait for a reaction at the $100 support level before making a purchase.
Recommendations for Holders:
Stop Loss: Activate your stop loss below $136.
Re-Entry Strategy: If the support break is false, re-buy SOL.
Watch for Bitcoin's Movement: Solana's next significant move might depend on Bitcoin's performance.
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🔖 Categories: Technical Analysis, Risk Management, Long-Term Investment
📌 Stay tuned for further updates as the market evolves, and happy trading!
SOLANA - Macro DistributionThis is an idea I had posted about a while back that is starting to play out. Now that we have a full picture, it's pretty safe to say that this is a macro distribution. The weekly & monthly TD sequential have both printed 789, which also marked the macro top last cycle. As much as it pains me to consider this possibility, this bull run may get cut short if this plays out
SOLUSDT BULLISHSOL we expecting a strong bullish momemtum , from where the market is at. refer on the analysis
Solana (SOL): Gameplan We Wait For = Selling ScenarioSolana is moving nicely after forming that local top near $188.
Ever since, the price has moved smoothly to lower zones, testing the EMAs and still pressing the zone there.
We are waiting for a clean breakdown from there and a potential movement to the lower support zone (or at least movement towards it).
Swallow Team
SOLANA Short intraday ideaSOLANA is losing momentum and has broken out of its rising wedge. Overall cryptos will suffer dollar strenght on the short term.
Reversal on SOLANA Solana has formed a bottom inversed head and shoulder and has failed to create a lower low. This current condition suggests a reversal...
Solana (SOL): Getting Rejected / Time To Short ?We are back with Solana, where price is seeing some weakness after a nice touch to the upper resistance zone (after a breakout of the local resistance zone / middle blue line).
We are now looking for the price to move back to that middle blue line and potentially break it as well.
Swallow Team
SOL looks bearish (6H)From where the red arrow is placed, the SOL correction has started.
The correction looks like an ABC and wave B is a diametric.
Where the green arrow is placed on the chart, the SOL diametric starts.
It seems that we are now in wave F of this diametric.
The green range is a strong support range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SOLUSDTSOLUSDT has formed inverted Head and Shoulder with strong bullish divergence. As the buyers are getting bids with this confluence.
If the sell pressure resumes and buyers gets active the optimum target will be 250.
Calm before the storm!Solana, after forming a false breakout, is currently trading in a ranging pattern. This indicates a period of consolidation and indecision in the market.
Given this situation, it seems that Solana is experiencing the calm before the storm. This consolidation phase might serve as a preparatory stage for a strong upward or downward movement.
ICT Long setup SOLUSDT👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Long setup in SOLUSDT for scalping.
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
SOLUSDT IDEASOL breaks its resistance of $160 and now going to test to act as support. Possible pull back is expected for the previous top of $210.
SOL: Pullback in UptrendTrade setup : Price is in an Uptrend. Pullback near $160 support and long-term up trendline ($143) could be an attractive swing trend entry in Uptrend, with +25% upside to $200. Stop Loss (SL) level at $140.
Pattern : Pullback in Uptrend . Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $160.00, then $125.00. Nearest Resistance Zone is $200.00.
Lingrid | SOLUSDT in the CORRECTION phaseThe price perfectly fulfilled my previous idea. It hit the target level. BINANCE:SOLUSDT has rolled back from the resistance zone, and the market is now retracing towards the support level that previously acted as resistance. As the markets enter a correction phase, I believe the price may be poised to rebound from the support area between 160-161 and the upward trendline. The daily timeframe already formed a long-tailed candlestick, indicating an attempt to push the price higher from this zone. If the price can maintain its position above the support level, I anticipate a bullish move. My goal is the resistance zone 176.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
ICT Short setup H4 timeframe SOLUSDT👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in SOLUSDT for Swing trade.
Of course SPY is in up trend in Daily chart, so this is a retracement trade for reference.
Or you could consider to buy SPY after reaching the demand zone marked on chart.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
SOL longSolana bounced off the ascending trendline and the support level. The bullish movement to 201$ is expected to happen.
SOLANA/ Is there anyone who says that it does not grow?!Hello everyone
Solana grows either based on this expansion structure or from the key levels I have shown in the figure
SOLANA BUY Between : 170$ - 100$ and HOLD For Long term
Please support the idea by pressing the like button and writing your opinion in the comment box
Good Luck 🤍
Old Signal 👇🏻
Bullish Continuation Pattern Signals Over 20% Upside Potential?Hi Realistic Traders, let's delve into the technical analysis of BINANCE:SOLUSDT
On the Daily timeframe, the price has ascended above the EMA200 line, signifying a robust bullish trend. Recently, it has formed a bullish chart pattern (symmetrical triangle) and breached the upper trendline. Such a breakout typically indicates the continuation of a bullish trend. Furthermore, the MACD histogram transitioned from the negative zone to the positive zone, further endorsing the potential upward movement toward our first target at 185.72. Subsequently, the price may revisit the pullback zone before establishing a new high and achieving the second target at 227.21.
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 SOLUSDT."
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Sol / TetherUS _ Distribution price _ For 1st _ Week _ June. Sol / TetherUS _ Distribution price _ For 1st _ Week _ June.
Distribution price = $208.63
Market will take few weeks break from here for purpose of repeat cycle and expecting the drop to the level of $124.78
Long on Solana!For My own Record only! Long on Solana! Asia session is best for me. and solana Price Action is so beautiful... I am in the Middel between East Asia and London & NY Session! Understanding and using ICT contents Help me to find the Bios and choose right position to select long or short position! But still I am bigginer.....
