Solana Bullish DivergenceStrong bullish divergence in hourly on SOL. Sign of a short term reversal in the downtrend.
Buy.
SOLANA trade ideas
Solana: Bullish Flag Formation Signals Potential RallySolana is exhibiting a bullish flag formation, indicating potential for an upward rally. Additionally, a bullish divergence is observed on the 1-hour time frame, further supporting the likelihood of a price increase.
Is the bull trend over for Solana?The new head of the SEC, Paul Atkins, with a background in a digital asset think tank, has sparked excitement about the future of crypto. However, as we've seen in recent days, profit-taking has been significant. Solana is down roughly 22% from its all-time high, and the price is now testing the highs from March and the lows from November. This key area spans from approximately $207 down to $194 per coin.
As long as Solana stays above this level, there’s a genuine chance for a push to the upside. What's also notably different now compared to just a few days ago is that funding fees have dropped sharply. For Solana, the funding fee is currently at 11% on the largest crypto exchange.
If the $194 level does not hold, we might see a steeper slide toward the highs of May, July, and October, around $182. However, in this broader area, traders are likely to be keen on supporting the trend. Fundamentally, nothing has changed with the market and it’s likely just undergoing consolidation after the strong gains seen across the board following the election.
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UptrendThe current uptrend has been retraced by over 25%. I see it as a possibility to buy back into the trend.
Perhaps the coin will fall back until the March high. But the trend will be still valid then.
Solana - Finally Initiating The Bullish Breakout!Solana ($CRYTO:SOLUSD) is finally breaking above the highs:
Click chart above to see the detailed analysis👆🏻
In the end of 2023, Solana create a so called reversal triangle breakout and rallied more than +1.000% over the past couple of months. However looking at the current all time high breakout rally, this might still just be the beginning of the next massive Solana bullrun.
Levels to watch: $200, $500
Keep your long term vision,
Philip (BasicTrading)
Roadmap for -60% in Crypto Alts The other day I posted the confluence of resistance patterns in alts. They are now down 10 - 25% depending how much of a gamble the bet was (My idea is if the price starts 0.00000 then there are numbers, this is probably a gamble).
Let's now map the typical downside break path. We're going to use the norms of breaks of 1.27 - 1.61 zone. 2.20 - 2.61 zone and a final target of 4.23.
These are typical things I see in trend development (be it bull or bear).
All updates to:
SOL Swing Trade: From $175 Support to $800 TargetIn this video, we revisit Solana's (SOL) price action, highlighting the progression toward our entry target of $100 as discussed in March. Now facing resistance at the previous all-time high (ATH), a pullback appears both healthy and likely. We'll analyze the potential for support levels to hold, with $175 being a key structural level. From there, Solana could chart a path to our profit targets: $500 for a 2x return and $800 for a 5x return. Join me as we explore strategic entry points, key levels, and market conditions driving SOL's performance, and discuss how to capitalize on this exciting opportunity for swing traders.
SOLANA BUY
SOLANA
Solana (SOL) is a high-performance blockchain platform designed for decentralized applications (dApps) and crypto projects. It aims to provide fast, secure, and scalable solutions for developers and users. Here's a quick overview of its key features and characteristics:
---
### **Key Features of Solana**
1. **High Speed:**
Solana can process over 65,000 transactions per second (TPS) due to its innovative Proof of History (PoH) mechanism combined with Proof of Stake (PoS).
2. **Low Fees:**
Transactions on the Solana network are inexpensive, often costing a fraction of a cent.
3. **Scalability:**
Unlike many blockchains, Solana scales without relying on Layer-2 solutions. Its architecture is designed to grow with increasing network demand.
4. **Proof of History (PoH):**
This is a unique innovation by Solana, which timestamps transactions to create a historical record, enhancing throughput and reducing confirmation times.
5. **Ecosystem:**
Solana supports a wide range of dApps, DeFi projects, and NFT marketplaces, such as Serum (a decentralized exchange) and Magic Eden (an NFT marketplace).
6. **Developer-Friendly:**
With support for programming languages like Rust and C, Solana makes it easier for developers to create robust applications.
---
### **SOL Token**
- **Utility:** The SOL token is used for transaction fees, staking, and governance.
- **Staking:** Holders can stake their SOL tokens to secure the network and earn rewards.
- **Market Performance:** SOL is traded on major exchanges and is one of the top cryptocurrencies by market capitalization.
---
### **Advantages**
- Extremely fast and efficient compared to older blockchains like Bitcoin and Ethereum.
- Robust ecosystem with projects ranging from DeFi to gaming.
- Supported by significant venture capital and partnerships.
### **Challenges**
- **Centralization Concerns:** A relatively small number of validators compared to Ethereum.
- **Network Outages:** In its early days, the network experienced periodic outages during high-demand periods.
- **Competition:** Faces strong competition from other blockchain platforms like Ethereum, Binance Smart Chain, and Avalanche.
---
Would you like more details about Solana's technology, investment potential, or specific projects in its ecosystem?
Resistance Levels in altcoins Concurrent with the indices being at major inflection points crypto has broadly also filled major inflection points.
Let's look at the different setups.
First we have SOL in the main chart. Inset is the BTC high before the 2022 bear market. Different in a few ways but both the same general idea of a nominal spike above the previous high that fits inside of a harmonic pattern.
Most of the things we're going to be looking at have extreme bullish momentum at time of writing but the patterns we're going to be looking at all forecast extreme momentum into their fills. For example, in SOL we are using a harmonic. If this was the end of a harmonic, we'd have just seen the D leg.
It is a hard set rule of all harmonics that the most aggressive part of the move is the D leg. Always. The defining characteristic of a D leg is exceptional momentum that builds to the point of looking unstoppable. So anything based on momentum, breaks of anything that's not the actionable fib levels, candle patterns etc - these are all annulled.
The D leg is defined by being exceptional by all momentum metrics.
I'm sure the other recurring point made against my ideas here will be the halving cycle break out and it's not being enough days yet etc etc. I still have my doubts about the efficacy of the halving thing. I need longer to determine 4 year cycles. Breakout did come right when predicted through. Well done to those who benefited from that.
My stance on the halving theory hasn't changed because
when people brought it up before I always just told them I don't care. I'm trading TA patterns. They'll get me out early if I am wrong. I'm going to make 1,000s of trades in my life - lots of them will be wrong. It's fine. Everything you can explain with the halving I can explain with fib breaks.
And it's still conspicuous to me that BTC and indices continue to move in tandem. Meaning we'd have to class the halving as coincidence or a driver of indices moves.
But none of that matters to me. The TA implications if the reversal patterns fail here are quite similar to the bulls halving forecasts. If we break we may end up agreeing on the same thing for different reasons. Or if this is just stop gaming / FOMO inducing, we should be at or very near the end of it now.
I like the fibs.
Here's some other patterns;
Solana Short Term Bearish Moment, Still Bullish LongtermHoping for a reversal of the bearish trend to challenge levels back into the descending channel. I have created 2 parallel retracements within a the descending channel to provide a good snapshot of good buy zones. When i say good buy zones i mean for DCA levels...
We are still in a bullish crypto cycle but a pullback to the 80 levels for BTC is still possible. I'm not overally phased by this and wouldnt mind it to be honest for a flush out.
Yellow trend lines are now broken support levels and i just want to keep an eye out of what happens next to those levels, if they now turn into resistant levels but overall still expecting a consolidation phase now before another move up.
This won't be a quick reversal, there is also heavy resistance at the 247 and 264 levels.
Short term i'd like it to first jump into the 26-50th area in the descending channel then try break the 206 level which is the next level of resistance to break.
*non financial advise.
Solana Solana two levels, I think 600 in q1-2
Then
200 in summer
Then
888 in q4
May the odds be in your favor.
the market has sold!this is a perfect example on why we should not only focus on a strategy but also on fundementals
Solana Best DCA LevelsAs an investor who likes to act with the DCA strategy, I have compiled the best buy zones for you by determining the support and resistance points for Solana on a weekly basis. I will explain why I named these buy zones in this way.
$260 - $202.29 (Not Preferable): Since this level is the psychological resistance level where the previous ATH is located, I think those who have Solana in their pocket should keep it at this level. If an investor who does not have Solana in their pocket wants to buy Solana, since this level is psychological resistance, the probability of rejection and breaking is 50-50. Therefore, it is not a very suitable position for buying. In the correction that will occur in the event of a resistance break, buying would be much more logical.
$202.29 - $128.16 (Good to Buy): This level has found good volume in 2024 and a side channel has been experienced. As long as the price does not fall permanently below the moving averages or the Hodrick-Prescott filter that I am currently showing on the chart, this level is a very good buy level. Investors who are especially waiting for an ATH breakout have made their preparations at this level.
$128.16 - $87.79 (Cautious): Although it has been used as support twice, this level cannot be considered a perfect buy area since it is a level with relatively low volume. Therefore, it would be more accurate to expect Solana to converge to one side.
$87.79 - $48.72 (Not Preferable): Probably one of the worst buy areas on the chart. Volume is almost non-existent. There is a big gap. Therefore, the price moves very sharply from $87 to $48.
$48.72 - $28.26 (Good to Buy): This is the area where Solana is starting to recover. It is a good area to buy.
$28.26 - $14.48 (Best Place to Buy): I don't know if this level will be seen again, but it is the level where Solana is extremely cheap. While most investors cry at this level, smart investors continue to collect Solana.
Any DCA is suitable for investors who think Solana has a 4-digit intrinsic value. This analysis only indicates the best areas.
Solana SOLUSD Periodic Analysis (Issue 51)The analyst forecasts a rise in Solana's price within the next 24 Days.
This prediction is based on a quantitative analysis of recent price trends
SOLUSD BUY ANALYSIS FALLING WEDGE PATTERN Here on Solusd price form a falling wedge pattern and now try to go up so as line 236.55 has broken price is likely to go up more and trader should go for LONG with expect profit target of 255.19 and 272.69 . Use money management
Solana (SOL/USD): Eyeing a Return to All-Time HighsSolana is in a critical phase, attempting to reclaim its all-time high (ATH) of $260 as it builds bullish momentum. With Bitcoin (BTC) stabilizing in the $92,000–$103,000 range, the broader crypto market is ripe for a rally, providing the perfect environment for SOL to break its ATH and target a new high of $400 by March 2025.
Key Factors for SOL’s Rally:
Bullish Momentum Curve:
December will be pivotal as Solana needs to form a steady, upward momentum curve. This means a series of higher highs and higher lows, with minimal volatility to maintain investor confidence.
Critical Support Levels:
$200: Key psychological and technical support. Staying above this level will signal strength and resilience.
$180 (Worst Case): If SOL drops to this level, it must find strong buying support to avoid breaking the bullish structure.
Resistance at $260:
The $260 ATH will be a critical barrier. A successful breakout here will not only confirm the bullish trend but could ignite a wave of buying that propels SOL toward its next target of $400.
Positive Scenario:
If SOL/USD continues to defend the $200–$180 range and Bitcoin remains stable, Solana can gain the momentum needed to break $260 by early 2025.
Once this level is breached, SOL could rally quickly, entering price discovery mode and targeting $400 by March 2025.
Risks and Challenges:
A failure to maintain support above $180 could lead to increased selling pressure, disrupting the bullish outlook.
Broader market volatility or BTC dropping below $92,000 might also hinder SOL’s progress.
Outlook for SOL Holders:
This December is crucial for Solana as it battles to establish a solid base and regain momentum. Holding above $200 while building a steady bullish curve will set the stage for SOL to not only reclaim its ATH of $260 but also push toward a new milestone of $400 by March 2025, marking a significant achievement for the ecosystem and its investors.
SOL - Bullish or Bearish?SOL seems to be facing an unstable head-and-shoulders pattern, with the possibility of striking key support levels. The Moving Average Convergence Divergence (MACD) shows that SOL struggles to cross the zero line, indicating bearish sentiment. The Relative Strength Index (RSI) has been coming down from overbought conditions since December 3rd. The 20-day moving average (20ma) and the 200-day moving average (200ma) are converging, potentially undoing the golden cross formation observed on October 13th. This could signal a possible reversal. It's possible that we might see a shakeout followed by a bounce to the upside, or SOL may consolidate at key support levels before bouncing. Keep an eye on its movements.
Support - $215
Resistance - $246
Fear and Greed Index - 78 (Greed)
Norms of a butterfly reversal SOL has a big pending butterfly reversal. Here's the typical things we see if and when there is a butterfly reversal.
The first drop is usually consistent until it takes out the low of C. This is a breaking of the uptrend but it will usually setup a bull trap.
There will be a parabolic bounce. Some chop. Second parabolic and then reversals typically come around a 76 retracement of the drop.
If a follow through leg comes off this, it's typically very strong.
SOL USD short term bearish, mid term bullishSOL looks toppy, seems to have lost steam with retaking ATH and will need one more round of reaccumulation, which seems to have multiple convergences around the red box area. From there it is likely to rip to ATH and into price discovery.
SOL Price prediction by Christmas Eve 2024Simply using the 200 day MA as a guide, the base price for Solana should be around $275 by Christmas Eve 2024
SOLANA // Neutral within the Daily Bearish CountertrendThe market is in a neutral zone, so there is no use going down in the timeframes.
The primary bull trend may continue after the Daily impulse base (brown) is broken on the daily, but the best chances are in the expansion above the clear H4 breakdown (green).
In this case, the weekly target fibo 200 is my target.
On the short side, it's more risky now, since the market is in the accumulation phase, but below the H4 impulse base (also brown), we have a chance to visit at least the daily zone again (blue dashed).
Stay Patient, Stay Disciplined!
🏄🏼♂️
Your comments and questions are very much welcomed, not mentioning your boosts! 👊🏼 😀
