Solana Presents OpportunityWith analysts being bullish on Solana, SOL/USD has gathered momentum and has since gained 25 percent from its low on July 5.
SOLUSD trade ideas
SolanaSolana's robust performance and favorable technical indicators suggest a promising rally. Stay updated with market news to adjust positions accordingly.
Short-term: $160
Mid-term: $175
Long-term: $200
Long Position: Enter at $145.01, target $160, stop loss at $135.
Short Position: Consider shorting below $131.99, target $120, stop loss at $140.
Double BottomWe currently have a double bottom on the Solana chart. With this, I believe Solana would either run to touch the descending line or breakout and up back to $200. There has been a lot of bullish news lately surrounding Solana and it even held up well during last week's bearish market.
Double top formedSolana created double top in 1 week chart
From 145 next stop drop to 50$ to dip into 49$ before pump up to $1,000
Double top showed on the 1W Chart On the solana 1 week chart; bullish isnt going to pump lot more for awhile until the correction is finish and retrace back to the uptrend line
So the dip of the trendline is $50 into $49 should make a reversal bounce back for the bulls and continue this bullish trend rally.
Bearish selling pressure is win ing this one until get to the uptrend to dip into the $50
Solana repeating historySo far Solana has moved nearly identically as the previous cycle, which leads me to believe we'll have a breakout soon, likely following the launch of the ETH ETF's. There's also a massive cup & handle forming. According to the Fib extension, we could see a new ATH of $550, or even $840. In case of a downtrend continuation, the bottom will be at the long term support trendline, ez all in if it gets there.
SOLUSD-BUY strategy 4-hourly heikin ashiThe trend looks like the start of an uptrend, with positive stochastic short-term, and support by GANN and triangle supports.
Strategy BUY @ 130-133 and take profit @ 155. SL below 120 for now.
Solusd buyBreakout the the upside in all time games, bullish market structure, failed to breakout the bottom and now is starting a new bullish trend with multiple ascending triangles in it, reaction at major support line, order book is balanced so now we can expect a buy, bullish engulfing candle, reaction inside the imbalance signals bullish continuation as well as the confluence with the time frames
Solana Potential DownsidesHey Traders, in today's trading session we are monitoring SOLUSDT for a selling opportunity around 150 zone, Solana is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 150 support and resistance area.
Trade safe, Joe.
Solana to $1000?3.618 on the fib is where CRYPTOCAP:BTC and most major alts seem to top in cycles. If that applies to CRYPTOCAP:SOL , then an ~1k CRYPTOCAP:SOL awaits us by December of this year. Let me know what you think in the comments. Thank you.
SOL Analysis: Key Support at $122 & Bull Run ProjectionsSOLUSD is currently showing strong support at $122, providing an excellent opportunity for significant gains. If this support level holds, we could witness a notable upward movement. However, if the $122 support breaks, the next crucial support level lies at $84, from where a bounce is expected, especially with the approaching bull run in Q4 2024.
Historically, bull runs bring high volatility and substantial price rises. This bull run is expected to follow the same pattern, with the market potentially peaking around March or November 2025. It is crucial to be prepared to exit the market around this time, as the bull run is likely to end then.
Based on historical data and calculations, the minimum target for SOLUSD in this bull run is $7,385. If SOL can flip the $7,385 resistance by February 2025, we might see it reaching a maximum target of $9,464. During the previous bull run in 2021, SOL pumped from a bottom of $0.21 to a peak of $260, delivering an astonishing return of 121,295% between April 2020 and November 2021. The bear market began in 2022, consistent with historical patterns of price pumps during bull markets.
We anticipate similar volatility in this bull run. Monitoring resistance zones and adjusting trades accordingly is crucial. Plan to exit long positions by March or November 2025 to capitalize on the bull run's peak.
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SOLANA short to 27,5$In my view SOL will move from 150$ to 27,5$ in 2025 where a new massive bullish wave will start
solusd buydid not breakout to the downside, current has a new bullish trend within all 1`- 1d timeframes. the price is reacting to a major support line signaling the order block being balanced hinting at bullish movement, there is also a breakout happening on all time frame. 1 acedning triangle and breakout,
Comprehensive Analysis of Solana (SOL) Bull Market and Future PrSolana (SOL) has captured the attention of traders and investors alike with its impressive price movements and robust technology. This comprehensive analysis dives into the current state of Solana's bull market, examining key indicators, historical trends, and potential future scenarios based on the weekly chart data.
Historical Context and Past Bull Markets
Solana has experienced several notable bull markets in the past, with the most significant occurring from late 2020 to mid-2021, lasting approximately 7-8 months. These periods were characterized by rapid price appreciation and heightened market activity, driven by strong market sentiment and broader cryptocurrency market cycles.
Current Market Analysis
Key Support and Resistance Levels
Support Zones:
$130.13: Immediate support level.
$99.47: Important mid-level support.
$61.54: Critical long-term support.
Resistance Zones:
$160.79: Significant resistance level.
$204.45: Higher resistance level indicating potential upside targets.
Technical Indicators
Moving Averages (MA):
The fast MA (9-week) is above the slow MA (21-week), indicating a sustained bullish trend.
Relative Strength Index (RSI):
Currently in a neutral zone, not indicating overbought or oversold conditions, suggesting room for further price movements.
MACD (Moving Average Convergence Divergence):
Positive but showing signs of weakening momentum. A bullish crossover in the normalized MACD line above the signal line would reinforce the bullish scenario.
Enhanced Indicators:
Large Traders Index (LTI): Increased activity by large traders often precedes significant market moves.
Retail Traders Index (RTI): Measures the activity of retail traders.
Normalized Combined Volatility: Indicates potential for significant price movements.
Market Sentiment and Volatility
The enhanced normalized volatility suggests a period of high market activity, typical in bull markets. Increased activity by large traders (blue line) and retail traders (red line) provides insights into market sentiment, with large trader activity often indicating upcoming major moves.
Future Projections
Short-Term (Next 3-6 Months)
Bullish Scenario:
If Solana maintains support above $130.13 and bullish indicators remain strong, we could see a continuation of the uptrend, potentially testing the $160.79 resistance level.
Bearish Scenario:
A break below $130.13 could lead to a test of the $99.47 support level. A sustained move below this level might signal further downside.
Medium-Term (6-12 Months)
The bull market could potentially extend, with the possibility of reaching new all-time highs driven by strong market sentiment, technological advancements, and broader market recovery.
Long-Term
Bull markets in cryptocurrencies can last beyond a year, influenced by major events, adoption, and technological progress. Continuous monitoring of key support and resistance levels, along with broader market trends, will be crucial.
Conclusion
The current bull market for Solana shows strong potential for continuation, with key support levels at $130.13 and $99.47 providing crucial benchmarks. Breaking the $160.79 resistance level could signal further upside. Monitoring technical indicators like the moving averages, RSI, MACD, and enhanced volatility measures will provide valuable insights into the market's direction.
Based on historical trends and current analysis, the bull market could last another 3-12 months.
P.S. My scripts are free to download.
SOL longSolana bouncing off the bullish trendline and the major support level. Bullish movement is expected to continue and reach the resistance level at $162.5
So Long, Solana!Though one of the best crypto projects in existence, Solana has topped out for 2024 and will now likely drop below $30 over the next year.
Trust no man who suggests this is a good investment any time soon.
The SOLTrain Pushes to $400Solana prepares to mash to the upside once again. An all-time, macro trend in conjunction with manual wave counting suggests that $407 will induce the next 'crypto winter' for the beloved and most promising Solana ecosystem.
Solana Hits Big Resistance and Drops to SupportGood Morning Traders,
It's important to review price action on Solana because it is our fourth largest altcoin (excluding stables) and does lead much of our altcoin market now in this position.
The inverse head and shoulders pattern is playing out thus far.
Solana touched my $122 support precisely before bouncing and rounding the bottom of our right shoulder.
The 200 day SMA helped to hold price for support.
Price then exceeded our .618 Fib fan level which intersected with a level I had drawn at $145. This now becomes support.
Price had attempted to move higher but there is great resistance ahead on both our price chart and the RSI chart below. Both charts show big areas of confluence that are acting as major resistance. If the bulls can get above these, we are then safe to tackle that neckline. Once broken, we should have a price target of $235-245 before more rest.
Don't forget, holiday weekends often give crypto a big boost. With the 4th of July being a big holiday here in the U.S., I would not be surprised to see price movement float up over the long weekend.
Stew
RR=3 sell ideatrend is bearish + price bounced back at strong resistance level after formation of bearish shark pattern + RSI divergence : price might retest at least 122 $ level
PS never risk more than 2% of your capital per trade
SOL BULLISH SETUPSimple setup with easy invalidation here on Solana. Price is moving following the short term trendline I drawed, and I expect an upside moves in the coming hours. Invalidation is a clean break below $140.0, that could lead the price to retrace till $130.0. First target for the long is $165.00
Solana: Keeping It SimpleA clean and simple overlay of accumulation and expansion regions in Solana's prior trading history. In the prior bull run we had 2 correction regions followed by large expansions, I believe Solana is ready for a large expansion to new ATH's
Target - $1300
SOL UPdateSOL - after hitting previous Res. and break it on closing basis, we're heading to 155
Good Luck
The time for the growth of cryptocurrencies is nearGreetings,
Dear friends, I hope you are well and have had a week filled with successful and profitable transactions.
My analysis text:
"Cryptocurrencies and the Solana market are in the third wave, and of course, we witnessed very good growth.
But currently, the fourth wave can be a zigzag pattern and it is not yet completed. It is expected to go below wave A once again, and then we will see the price action by the impulse pattern.
Although the index of cryptocurrencies, in my opinion, if Bitcoin grows in its current market, then we are likely to see Solana grow, of course, this is in the second interest."
Note: I am a new analyst in the world of wave principles with three years of experience, and I am developing an analytical idea. There is no 100% certainty in financial markets due to the complexity of various patterns that can change. However, I do my best to back up any analysis I share with you guys with everything I've learned so far.
A brief explanation of the three fundamental laws of the wave principle:
1. The second wave should never go beyond the beginning of the first wave.
2. The third wave should never be the shortest wave between waves 1, 3, and 5.
3. The fourth wave must never enter the territory of the first wave.
Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future. It's as simple as that.
May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world.
I am attaching the analysis of this market that I shared with you earlier to this current analysis.
The last word of my analysis text is repetitive, except for the explanation of the current analysis, because I also trade in the financial markets and am active in my social networks, working hard to improve my skills in analysis and trading to reach my goal.
I apologize for repeating the text.
I welcome suggestions and criticisms, and I will certainly respond, but a logical reason is important to me.
Thank you for taking the time to review my analysis, and thank you all.
To all my dear friends and colleagues, first of all, I wish you health and success in your goals.
Mehdi Abbasi with the nickname (Mr. Nobody)
