SOLUSD 1H BUYING Take a buy @ this strong supported area and was untested.
Can move this back to test around 195.18
Let see if we get bounce from here
My RR is 1:3.49
SOLANA trade ideas
SOL - UPDATE - old eth vs sol now ideaSOL - update old eth vs sol now
just an update of the old attached idea with more data now on the macro momentum.
looking like that final push coming here, the spike before the biggish pull back before ultra moon mission alpha.
or we are about to get gutted like that earlier 'fake' pump. full retrace hell.
the momentum doesnt quite look right overall for that option to me. i think first option is more likely above.
anyway keeping a close eye on all this. would like to catch a big pull back but that is notoriously difficult. :)
gl
Solana Rise in Institutional Capital InflowsAccording to data from CoinShares, Solana ( CRYPTOCAP:SOL ) has emerged as the leading altcoin with regards to institutional capital inflows, surpassing other competitors such as Polkadot, Cardano, and CRYPTOCAP:XRP , with $6.1 million in inflows last week. However, Solana's on-chain activity has experienced a decline, following a spike in the last week of March, and its price dropped nearly 6% on Tuesday, influenced by the steep decline in Bitcoin prices.
Digital asset investment products observed a total of $862 million in inflows, with Bitcoin leading the way, and only $18.3 million directed towards altcoins. While Solana-based funds noted a weekly inflow of $6.1 million, on-chain data from the Block shows a downward trend in the number of new and active addresses on the chain since the six-month high seen on March 22.
Coinciding with a decline in Bitcoin prices, Solana's price has suffered a correction, as large market capitalization assets experience a dip. The price of Solana ( CRYPTOCAP:SOL ) is down nearly 6% on the day, despite rallies and user activity observed in Solana-based meme coins such as Book of Meme (BOME), Cat in a dogs world (MEW), and Tombili the Fat Cat (FATCAT).
Overall, the data from CoinShares indicates a recovery in sentiment last week, with digital asset investment products experiencing a notable inflow of institutional capital. While Bitcoin remains the dominant player in the cryptocurrency market space, Solana's recent performance in attracting institutional investment underscores its potential as an alternative investment option.
SOL fibonacci retracement levels, areas of interest, buy orders.For anyone looking to accumulate SOLANA at lower levels... The local top of Solana on the Daily timeframe and higher time frames is currently $209.64.
On the measured move from SOLANA's bear market capitulation low of $7.89 to the current local top of $209.84... here are the technical levels of interest, based on fibonacci retracement levels (fibonacci math) where I have set limit buy orders on COINBASE to accumulate and dollar cost average (based on technical levels, not time) SOLANA.
These levels and strike prices are based on the COINBASE SOL/USD Chart. So check the exchange you use for differences in strike price between COINBASE SOL/USD pair and the SOL/USD or SOL/USDT pair on the exchange you use to adjust your limit order strike price on any of the technical levels you are interested in setting limit buy orders at with the goal to accumulate SOL at lower levels and DCA into your SOL holdings as price ascends and corrects.
So long as the local top of $209.84 is not defeated , these levels remain technically valid and over time some of these areas of interest will get hit or wick down to.
Personally, my limit buy orders on Coinbase SOL/USD pair are set at the 0.5, 0.618, & 0.786 levels. I have also placed stink bids (limit buys) at lower levels, in the event of a macro global financial or political event that could temporarily drop markets and present a deep discount on SOLANA before buys step in and price reverses. However, it is not unwise to set limit buys at each of the areas of interest or fib retracement levels based on this measured move.
The lower the better, in my opinion, as I would like to accumulate as much SOL as possible before price reverses and the next stage of the macro crypto bull cycle begins.
SOL: If 100 SMA confirmed as resistance is bearish Price reached our target in the 205 area and then nuked to 180s. The price had a retest of the 100 SMA and got rejected, which is short-term bearish. Shall the 100 SMA be confirmed as resistance, we could visit the 200 SMA around 170 (169 for SOL lovers). Bulls could be saved if we recover the 190 trading area. Be careful.
SOLUSDAccording to the waves analysis we can expect that price rise again to the green zone. follow me for more ideas
SOL Looking Bullish (LONG)SOL is making New HH and HL and making the strong support at Fibonacci level, i believe that we have a probability if SOL breaks HH then we can see it moving towards 300.
SOLUSD/ ready for correction ?Elliott 5 on a big time frame has completed in this zone of 203 USD. Now it need an abc correction which can extend until the lower support line 130 USD. The Elliott have been identified using D wave system but have not been marked on chart. This is not financial advice. Make your own research before making any decision.
SOL almost head and shoulders sweep then to moon?It looks like BTC ETH and SOL are printing head and shoulders! Going into the weekend with this makes me feel we are going down to retest under the 163 support then bounce way up! Hopefully SOL will get above ATH this next series of moves! DIY this is NO Advice at all. Good luck!
Get in on the action - Long Solana now!Solana has been on an absolute tear lately, pumping higher than Ether thanks to the higher volume driven by MEV bots and the rising popularity of Phoenix DEX.
If you're not already on the Solana train, now is the time to jump on board. The momentum is strong, and there's no telling how high Solana could go in the coming days and weeks. With all the exciting developments happening in the Solana ecosystem, this could be just the beginning of a major bull run.
So, what are you waiting for? Don't miss out on this opportunity to potentially profit from Solana's surge. Long Solana now and ride the wave to potential gains
$407 Solana by July 2024? Using this Cypher pattern we could potentially be seeing a $400 solana by this July 2024.
Solana's Growing Prowess: The Surge in Open Interest (OI)Solana's recent surge in price has garnered substantial attention from investors and analysts, signaling a potential shift in market dynamics. The rise in value comes amidst heightened volatility and speculation within the cryptocurrency space, further emphasizing Solana's resilience and attractiveness as an investment option.
The current price of Solana ( CRYPTOCAP:SOL ) stands at $195.72 USD, with a significant trading volume of USD 3.5 Billion in the last 24 hours, solidifying its position as a major player in the cryptocurrency market, ranked Number 5 on CoinMarketCap. With a live market cap of $86.8 Billion and a circulating supply of 444,409,630 SOL coins, Solana continues to exhibit strong liquidity and investor interest.
At the core of Solana's success lies its high-performance blockchain, renowned for its unparalleled speed and efficiency. By leveraging a hybrid consensus model that combines proof-of-history (PoH) and proof-of-stake (PoS), Solana ( CRYPTOCAP:SOL ) has overcome scalability challenges faced by other blockchains, paving the way for seamless transactions and decentralized applications. This innovative approach to consensus mechanisms sets Solana apart, positioning it as a leader in the rapidly evolving blockchain landscape.
Despite a market correction, Solana's price trajectory remains resilient, characterized by a Bullish Relative Strength Index (RSI) of 65.21 consolidation pattern and bullish indicators. With potential price targets of $210 and USD 240, Solana demonstrates strong upward momentum, supported by favorable market conditions and investor sentiment. This trajectory not only reflects the inherent strength of Solana's technology but also underscores its potential for sustained growth in the foreseeable future.
The Solana ( CRYPTOCAP:SOL ) ecosystem has experienced notable developments in recent times, further solidifying its position as a vibrant and innovative blockchain platform. These developments reflect a growing trend of adoption and expansion within the Solana community, driven by a shared vision of decentralization and scalability.
Solana's decentralized exchange platforms, such as Raydium and Jupiter token, have witnessed significant price jumps in response to increasing market demand and liquidity. Raydium, currently priced at $2.26 USD, and Jupiter token, priced at $1.51 USD, exemplify the dynamic nature of the Solana ecosystem. With Raydium boasting a market cap of $588 Million and Jupiter token commanding a market cap of $2 Billion, both projects demonstrate substantial market traction and investor confidence.
The resurgence of Solana-based meme coins, exemplified by projects like SEED_DONKEYDAN_MARKET_CAP:BONK and CRYPTOCAP:WIF , highlights the diverse and dynamic nature of the Solana ( CRYPTOCAP:SOL ) ecosystem. As these meme coins garner attention and traction among investors, they contribute to the overall vibrancy and innovation within the Solana community, where creativity and experimentation thrive alongside technological advancement.
Solana Open Interest (OI) has surged by 7.86% to reach $2.6 billion, demonstrating growing confidence in Solana's market potential and ecosystem development, as investors seek exposure to the platform's innovative technology and expanding use cases.
Leading cryptocurrency exchanges, such as Binance and Bybit, have recorded high levels of open interest for Solana ( CRYPTOCAP:SOL ), with figures reaching $1.3 billion and $745.2 million USD, respectively. This influx of institutional and retail interest further validates Solana's position as a premier blockchain platform, capable of supporting diverse financial instruments and applications.
SOLANA will it break all time high ? the idea is to SOL have a correction level on the levels of 184-185 then have a pull back and acceleration to the 200-209 level and from there to the ATH
SOLUSD-SELL WEEKLY CHARTIt appears to stay behind the others in terms of correction. Excellent opportunity seeing hammers, doji's etc and above Keltner, suggest a decline is likely, is my personal view. we have negative divergence as well with much lower highs and higher highs now with lower high RSI. The GANN lines also suggest we will correct.
Strategy SELL current @ $ 190-200 and take profit @ 135.00 for now. SL is a finanvcial question, but suggesting @ 225 for now.
SOLANA Will it hit $155 or $310 first?Solana (SOLUSD) is trading within a Triangle pattern within a longer term Channel Up on the 1D time-frame. The 1D MA50 (blue trend-line) has been basically supporting since late September 2023 (it only broke once for 4 days in late January 2024) when the previous similar Channel Up started.
That Channel Up also formed a Triangle half-way through and when the price broke to the upside, it peaked on its 1.5 Fibonacci extension. As a result, we will buy in case a similar bullish break-out takes place and target $310. If the Triangle breaks to the downside first though, we will short and target the 1D MA50 at $155.
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Unpopular Opinion: SOLANA: 10 to 100k...Here's another unpopular opinion...
We can see that we had a clear 5 wave impulse for wave 1. We are now in wave 2, which is an ABC correction. We're looking for one final move down to complete wave 2 correction.
It may happen, may not happen. If it happens, you know what to look for!
For confirmation that we're moving towards the $10 mark, we can look for the break of the red trendline.
See below to see where we are in the Elliott Wave schematic.
What do you guys think?
Goodluck and as always, trade safe!
$SOL SOLANASolana in the 4Hour chart is showing a bullish pennant flag and a very tight squeeze. My sentiment would be a rip to the upside. DYR/NFA
SOL wedgeCRYPTOCAP:SOL is in a wedge. Once a breakout occurs we can take action.
Keeping a close eye on this one.
On of the strongest alts in the last couple of weeks.
SOLUSDT - in Bullish trendSOLUSDT making HH and HL, we are going to LONG at HL and targeting next HH
Simmetric triangle SOLANAIt seems SOLANA is close to breakout a simmetric triangle that has been consolidating after a bullish trend.
If the breakout happens to be above the resistance, the target price could be 240$
SOL : Looking In berish trend in 1 hourSol Looking bearish in 1 hour as this is making HH, HL, and LH and LL,
solana analyse*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
