Get started

Solanaanalysis

SOLUSD - MY BEARISH SCENARIO (TARGET $67)I'd like to first mention that the downward breakout is only justified IF Bitcoin does the same. What do we see? (follow the steps) 1) The high that set the downtrend. 2) Price wicking in the daily FVG that will serve as our base ('support'). 3) A false breakout that is a major bearish signal, paired with the fact that BTC is in my opinion bearish too. 4) A short structure with a low taken out and retracement within a bearish FVG (in this case a 4H structure). 5) The expected dump where BTC does too. Hopefully you enjoyed this short analysis and I wish you a lovely day! Happy trading!! ;)
BINANCE:SOLUSDShort
by Lexi_Is_Trading
Solana- Ready for a new leg up to 200In my earlier analysis of Solana, I mentioned that the 130-140 zone was expected to present significant resistance, and there was a high likelihood of a correction toward the 80 zone. True to that projection, SoldUsdt precisely corrected within the specified range and, on three occasions since the beginning of the year, experienced a reversal from that zone. Currently, the coin has retraced to the 100 zone and appears poised to resume its upward movement. Sustaining stability above 100 would place bulls back in complete control, signaling a potential commencement of a new upward trend. While the 125-135 zone might pose some resistance, I believe it would merely serve as a temporary obstacle. Once this zone is surpassed, the path seems clear for an ascent toward the 200 zone. However, it's important to note that a drop below 80 would interrupt this scenario and necessitate a reevaluation of the market outlook.
Long
by Mihai_Iacob
5
Solana Mobile's Second Crypto Smartphone: A Game-ChangerSolana Mobile is set to make waves once again with the upcoming launch of its second crypto-ready smartphone. Building on the unexpected success of its predecessor, Saga, the new device promises to retain the essential features that made Saga a hit among crypto enthusiasts while introducing new hardware and a more affordable price point. The Saga Phenomenon: Saga, Solana Mobile's first foray into the crypto-ready smartphone market, faced initial challenges with struggling sales and a $1000 launch price. However, the tides turned when crypto traders discovered the device's hidden gem—a generous allocation of $BONK tokens that more than covered the phone's cost. In a matter of weeks, Saga phones sold out, creating a red-hot secondary market with prices skyrocketing to five times the original cost. The Airdrop Bonanza: What set Saga apart was not just its hardware but the ongoing benefits for its users. Airdrops from various projects delivered lucrative tokens and NFTs to the 15,000 Saga phones in circulation. This unexpected windfall not only bolstered the Saga community but also prompted Solana developers to explore mobile application development, showcasing the device's potential to influence the broader Solana ecosystem. The Successor: What to Expect Solana Mobile's decision to launch a second smartphone is a strategic move to capitalize on Saga's success. The upcoming device will retain the core features that made Saga popular—a built-in crypto wallet, custom Android software, and a dedicated "dApp store" for crypto applications. However, the company aims to address the challenges faced by Saga by introducing new hardware and offering the device at a more accessible price point. The Impact on the Secondary Market: With the announcement of a new and improved Solana Mobile device, the secondary market for Saga smartphones is likely to witness significant shifts. The anticipation surrounding the successor may influence current Saga owners to upgrade, creating a fluid market dynamic. The lower price point also hints at a more inclusive approach, potentially expanding the user base beyond the initial niche of crypto traders and NFT collectors. The Future of Solana Mobile: As Solana Mobile prepares to unveil its second crypto-ready smartphone, the crypto community eagerly awaits more details on the device's specifications, features, and potential partnerships. The success of Saga demonstrated the demand for crypto-integrated mobile solutions, and the upcoming release could mark a turning point in the adoption of blockchain technology in the mobile space. Unibot on Solana Exceeds Expectations The Unibot, a Telegram-based cryptocurrency trading bot that has recently made its debut on Solana, is outperforming with a trading volume that, as of now, nearly triples that of its Ethereum counterpart, demonstrating $2.5 million against $900,000. Conclusion: Solana Mobile's journey from initial struggles to the unexpected success of Saga showcases the resilience and adaptability of the crypto market. With the impending launch of its second smartphone, Solana Mobile aims to solidify its position as a key player in the crypto-ready mobile market, promising users an enhanced experience at a more accessible price. As the crypto community eagerly watches for updates, the future of Solana Mobile appears poised for continued innovation and influence in the ever-evolving blockchain landscape.
COINBASE:SOLUSDLong
by DEXWireNews
SOLUSDT is Bullish now| BUY opportunity !Hello Traders, here is the full analysis. SOL can very easily see some strong growth from this point. GOOD LUCK! Great BUY opportunity SOLUSDT. I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
5
📉📈 SOLUSDT Price Analysis 📊💹📆 Recent Correction: Over the last two weeks, SOL has been undergoing a correction. 🔍 Potential Retracement: Possibility of further retracement to test support at $85 or the next support area at $75 - $80. 📈 Trade Opportunity: Long trade opportunity may arise in the support area, contingent on a successful test and hold. 📣 Key Levels: If it breaks through the $105 - $110 resistance on a higher time frame, the next level is at $140 - $150. 🔄 Market Dynamics: SOL's movements are contingent on testing and holding key support and resistance levels. 📰💡 Conclusion: Potential long trade opportunity if support holds at $85 or $75 - $80. Breakthrough of $105 - $110 resistance may signal further upward movement. #SOLAnalysis #CryptoTrading #MarketWatch
Long
by Richtv_official
Solana ($SOL) Sell Orders and Potential Roadblocks Our previous analysis of Solana has proven to be quite accurate. The asset's price dipped into the $79-$86 support zone before buyers intervened, driving the price back towards $100. CRYPTOCAP:SOL is now contesting a resistance zone between $101.6-$108. Breaching this barrier could lead to encounters with sell orders in the $112.3-$117 range. Beyond this, the yearly high of $126 looms, potentially reachable if Bitcoin maintains its position above $45,000, considering the strong correlation between Bitcoin and altcoins. Should the market turn bearish, CRYPTOCAP:SOL could see its price fall back to the key buying zones at $79.1-$86, $73.1, and $61.8-$68.9.
COINBASE:SOLUSDLong
by DEXWireNews
Solana's Warning Signs: Brace for Impact as Market Signals DumpSolana is sizzling hot, but for the bulls, get ready for another descent. The next target is the $65-$53 support range. Despite remaining within the bullish trend channel, recent rejections at $127 (top of the channel) and $107 (midline – Blue line) suggest a probable visit to the bottom of the channel at $84. In the worst-case scenario, a break or breach of the channel's lower trendline may lead to Solana dropping to $68-$64. For those in short positions, exercising patience is crucial given the current range. Despite optimism about Solana outperforming ETH in the long run, its volatility is on par with ETH, and it's susceptible to Bitcoin's price movements. Brace yourself for potential fluctuations from February to April 2024.
Short
by MachiavelliTrader
3
Am I Right to Short Solana? Let's See! {07/Jan/2024My first trade analysis of 2024 on Crypto Currency. Educational Analysis says SOLUSD may move in this range for some time according to my technical. Broker - Binance This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because Solana Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. Let's see what this pair brings to the table in the future for us. Please check Comment section how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BINANCE:SOLUSDShort
by VishalBudhrani
3
Solana's Rocky Road: Navigating Challenges Amidst Market Trend Solana ( CRYPTOCAP:SOL ), often hailed as the "Ethereum Killer," has recently faced a tumultuous period marked by a significant price dip, sparking concerns among investors. As the broader cryptocurrency market experiences a sell-off, Solana's price has plummeted over 7% in the last 24 hours, dropping below $95. This Idea delves into the key factors contributing to Solana's recent challenges, explores its historical performance, and assesses the impact of recent market dynamics on its future prospects. The Current Landscape: In the midst of a positive trend in the overall crypto market, buoyed by optimism surrounding Bitcoin exchange-traded funds (ETFs), Solana stands out with its struggle to maintain stability. Despite the recent positive momentum, Solana's native cryptocurrency has seen a decline in value, casting a shadow over its performance in 2024. Whale Movements and Market Volatility: One of the contributing factors to Solana's price decline is the erratic behavior of cryptocurrency whales. Recent reports indicate that large amounts of Bitcoin and Ethereum were deposited into centralized exchanges, leading to increased market volatility. Solana, being part of this broader market movement, has experienced a notable drop in price, emphasizing its susceptibility to external factors. Investor Sentiment and Losses: Solana investors have not been spared from the recent downturn, experiencing losses as the altcoin slipped over 7% in the last seven days. Despite its impressive 600% year-to-date surge, Solana is still 64% off its all-time high price set in November 2021. This prompts investors to reassess their positions and raises questions about the altcoin's ability to regain its previous highs. Trading Volume and Market Cap: The dwindling trading volume, down nearly 17% to $2.8 billion in the last 24 hours, suggests a diminishing retail interest in Solana. As the fifth-largest cryptocurrency by market capitalization, Solana's market cap has fallen to $40.5 billion, underlining the need for a comprehensive analysis of the factors influencing its market standing. Stability Concerns and Scaling Issues: While Solana gained popularity as a faster and more cost-effective alternative to Ethereum, it faces its own set of challenges. The network's notable outages and scaling issues from the previous year have highlighted its vulnerability. Solana's inability to process transactions without going offline poses a significant hurdle, prompting stakeholders to reevaluate its status as the "Ethereum Killer." Conclusion: Solana's recent struggles underscore the complexity of the cryptocurrency market, where a confluence of factors can impact an asset's value. As investors navigate through market turbulence, Solana must address its stability issues and scaling challenges to regain confidence.
COINBASE:SOLUSDLong
by DEXWireNews
SOLANA And the Full Picture ( More informative chart )Hi Everyone; today we have one of the best risk to reward Investment opportunity it is more than 1000 times the risk and the chart is look very promising. I expect breaking the previous bear market key point will clear the way to the final target Note: this not the right time to jump on the project, I am just showing the full picture for Solana for the current market Cycle (where it was and where it going) good luck everyone.
BINANCE:SOLUSDLong
by AlQasim_Analysis
3