Targetting SOL for 275As the chart suggests, a terminate hiragagna is going to form where buys from the orange line is eminent to go longs till 275, target may inccreaseLongby MastaCrypta0
SOL: Keep an eye on this level!If you're looking to trade SOL at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above $243 and take profits at the levels shown in the chart. Targets: 1. $246 2. $249 3. $253 4. $259 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!Longby MBM_CryptoUpdated 161643
SOL/USDT Technical Analysis: Channeling Towards Higher LevelsAnalysis: Ascending Channel: The price of SOL/USDT is moving within a clearly defined upward channel, with higher highs and higher lows. Key Fibonacci Levels: The chart highlights Fibonacci retracement levels, particularly around the 0.5 (230.10) and 0.618 (246.62) areas, which serve as potential support and resistance zones. Current Resistance Zone: The price is approaching a resistance cluster near 246-257 USDT, indicated by the blue box. A breakout above this zone may lead to a rally toward the channel's upper boundary near 265-275 USDT. Potential Pullback: If the resistance holds, a pullback to the 0.5 Fibonacci level (230 USDT) or the midline of the channel is likely before the next leg upward. Trend Confirmation: The price remains bullish as long as it stays within the channel, with no signs of a breakdown below the lower boundary near 197 USDT.Longby melikatrader947734
Solana-based ETFs in 2025ATH Most recently, the price of Solana formed a new all-time high (ATH) at $264.39 this November. The previous all-time high was four years ago. On November 6, 2021, the price reached $259.90. Exceeding past highs is a known bullish signal. However, four years ago, the price of $260 should be considered expensive, and now the same price of $260 should be considered cheap. There have been important changes. Correlation The price of Solana has a strong positive correlation with Bitcoin. This analysis uses the daily closing price charts of Bitcoin and Solana on a logarithmic scale. On November 6, 2021, when the price reached its high, Solana was worth $258.44. On the same day, Bitcoin was worth $61,470.61. Solana was approximately 238 times less expensive than Bitcoin. Solana's last closing price high was on November 22, 2024. This price was $256.90. On the same day, Bitcoin was worth $98,892. On that day, Solana was approximately 385 times less expensive than Bitcoin. If the price difference between Bitcoin and Solana were to remain consistent with that of 2021, Solana would be worth about $415 today. Solana has not worsened in those four years; on the contrary, it has improved. This suggests that Solana is currently undervalued. Capitalization Market capitalization is often referred to as 'network value' in the context of cryptocurrencies. On November 6, 2024, Solana’s market capitalization exceeded that of BNB. Since then, Solana’s market capitalization has remained higher than BNB’s. This makes Solana the third-largest blockchain by this metric, excluding stablecoins. Competition Solana's blockchain competes with other smart contract platforms, such as Ethereum. One of the main challenges Solana has faced is its operational reliability, as the network has experienced several outages and performance issues. However, in recent years, many of these technical problems have been addressed, and the network's stability has improved, though occasional issues still occur. Solana is known for its high throughput and low transaction fees, making it faster and cheaper to use compared to Ethereum. While Ethereum's major advantages include its mature ecosystem, wide developer adoption, and integration with DeFi, dApps, and NFTs, one additional advantage is the possibility to invest in Ethereum through ETFs. There are discussions about the potential for a Solana ETF in the future, but no official date has been confirmed. TVL Solana has not only increased its market capitalization, but also improved other important indicators. The Solana blockchain's total value locked (TVL) metric has been showing consistent growth recently. On July 20, 2024, the TVL of the Solana blockchain exceeded that of Binance Smart Chain (BSC) for the first time. At that time, this placed Solana in third place for this metric among all blockchains. By November 9, 2024, Solana's TVL had already surpassed that of Tron (TRX). Thus, Solana became the second blockchain by this metric, holding a 6.78% share of the DeFi market. Just one year earlier, on November 9, 2023, Solana was in 8th place in the TVL ranking with a share of 1.04%. Ethereum (ETH) continues to hold first place in the TVL ranking. Solana's TVL has continued to increase in recent months. At the same time, its growth rate has accelerated. ETF The growth in market capitalization and TVL attracts investors' attention to Solana as an asset. As a result, several companies are seeking to create a Solana-based exchange-traded fund (ETF). Currently, four investment companies have filed applications to create a Solana-based ETF with the Securities and Exchange Commission (SEC). Among the companies that have submitted applications to the SEC are VanEck, 21Shares, Canary, and Bitwise. Thus, the number of companies seeking to create a Solana-based ETF is greater than for any other blockchain. The emergence of Bitcoin-based ETFs has impacted the price. As a result, institutional investors were able to invest in Bitcoin. This, of course, increased the demand for the coins and their prices. However, Ethereum did not grow in price as much after the appearance of its ETFs. The reason is that staking in the independent ownership of ETH coins allows investors to extract more profits. Therefore, Ethereum-based ETFs are less attractive to investors. Chance The applications to create an ETF based on Solana are unlikely to be approved by the current SEC administration headed by Gary Gensler. This is the opinion of James Seyffart, an ETF research analyst at Bloomberg Intelligence. Here's what he wrote on X (formerly Twitter). Covered Solana ETFs' likely approval in the next year or two under Trump's new SEC. *BUT* they could very easily fail to be recognized under this current SEC admin. They were functionally rejected that way in July/Aug when CBOE first filed on behalf of VanEck & 21Shares. But on November 22, 2024, it became known that Gary Gensler would leave office on January 20, 2025, when Joe Biden's presidential term expires. Donald Trump wants to appoint a cryptocurrency supporter to the position of SEC Chair. Trump himself is very loyal not only to cryptocurrencies but also specifically to Solana. Therefore, the probability of ETF approval may be quite high. Mr. President Trump has already used the Solana blockchain several times to sell his NFT collections. Trump chose this blockchain; perhaps he likes it. Besides Trump, the former first lady has also sold her NFTs using the Solana blockchain. NFTs featuring Melania Trump's eyes can be seen in the top chart. However, NFTs were previously distributed by the former president and former first lady. Now that he is president again, Solana will receive much more attention. And where there's increased attention, there's increased investment. Where there's increased investment, there are increased prices. When? An ETF based on Solana is likely to launch in 2025. The SEC has set a final deadline of August 8, 2025. Since it approved previous applications for Bitcoin and Ethereum-based ETFs in the days leading up to the deadline, it is possible that the situation will repeat itself. I think August is the most likely month. “Even if altcoin ETF filings begin the 19b-4 process today, decisions could take until late 2025,” Seyffart stated. Altseason Cryptocurrency market analysts highlight a period of time when altcoin prices rise more strongly than Bitcoin. They call this period the "altcoin season." The altcoin season has not started yet, but it is very likely to start in the near future. During the altcoin season, the price of Solana is more likely to rise because it is also an altcoin. Risks The SEC may reject all applications to create a Solana-based ETF. Most likely, this rejection will lead to a rapid decline in Solana's price. Solana is a high-risk and highly volatile asset. After the last all-time high, the price fell by 97%. Summary Pricing Solana in 2021 at $260 can be considered high. However, in 2024, the same $260 might be seen as undervalued. Solana's performance indicators, such as TVL and reliability, have improved significantly over time. Solana's mass adoption has also grown notably. Solana was 238 times less expensive than Bitcoin at its price peak in 2021, and now it is already 385 times less expensive. I expect the price of Solana to exceed at least $400 by 2025, and with a high probability, it could reach $500-600. However, this would likely require the SEC to approve a Solana ETF.Longby robofi225
$SOL Road to $400+This write up is about CRYPTO:SOLUSD . For the diagram we have market structure and some nice price action going on. Currently, it looks like CRYPTO:SOLUSD is looking to consolidate its price action to continue its bullish action to soon break through the overhead resistance outlined with the purple box. Price has dipped into the liquidity at least once, and bulls are taking over. Once price breaks out of the overhead supply zone, I do believe price will bounce off of the channel to retest the overhead resistance only to find the resistance will turn into support. At that point, price should have nice stable base to break out of the channel formed from the most recent Highs of CRYPTO:SOLUSD . Maybe all this stalls and take a bit if it gets rejected from the overhead resistance, however, I am loaded up and ready to reach Solana-sphere. If you found this write up useful, please like and follow so my write ups can help more people. Thank you. Longby Decrypted_Defi1
Solana’s Next Big MoveSolana is at a crossroads, and the charts are starting to sizzle with potential. After consolidating within a tight range, SOLUSDT looks primed for a breakout that could send it soaring—or will it fake out and catch traders off guard? Here's what to watch: Key Highlights: 🌟 Strong Support Zones: Solana has been holding critical support levels, signaling buyer strength and resilience. 📈 Breakout Watch: SOL is approaching key resistance levels—keep an eye on the volume for a confirmation of the move. ⚡ Momentum Building: Momentum indicators suggest buyers are quietly stepping in, waiting for the right moment to strike. Solana’s ecosystem strength and recent technical setup could make this a high-reward opportunity for those ready to act. Don’t miss this chance to see if Solana becomes the star of the charts! I don’t clutter my charts with a mess of indicators that look like a toddler went wild with crayons. Clean, simple, and effective—that’s my style. Don’t believe me? Check out my hits below. 🎯 When it comes to trading, I’m all about confidence backed by experience. I’m not claiming to be the best (yet), but my results do most of the talking. Keep an eye on these levels—sometimes the charts quietly suggest what the markets will shout later. Let’s see how this ride unfolds together! 🚀 My Previous Hits 🐶 DOGEUSDT.P | 4 Reward for 1 Risk (or more if you’re bold). DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P | HTF Sniper Precision RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P | Buyer Zone So Accurate You’ll Double Check ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P | Buyer Zone Mastery (CZ vibes). BNBUSDT.P: Potential Surge 📊 Bitcoin Dominance | Called it Like a Pro BTC Dominance: Reaction Zone Now sit back, relax, and watch the market do its thing. Or don’t, FOMO is real. 😉Longby XU996
Will Solana see extreme bullish reversal?Solana (SOL) has been in a downward spiral over the past week. Since reaching a new all-time high of $264.63 on November 22, SOL has encountered a surge in selling pressure. This has caused its price to drop by almost 10% in the past seven days. This decline has led to an uptick in long liquidations in the SOL futures market. With strengthening bearish sentiments, Solana long traders may face more losses. Here is why. Over the past week, SOL’s 8% price drop has wiped out $64 million in long positions from its derivatives market. This is a bearish signal for SOL because as Solana long traders attempt to avoid further losses to their investments, their selling pressure can increase and contribute to further downward movement in the market. Notably, the decline in SOL’s price has led to a significant drop in activity in its derivatives market. This is reflected in the coin’s open interest, which currently rests at a weekly low of $3.34 billion. Solana’s Awesome Oscillator confirms the uptick in bearish bias toward the coin. As SOL’s price records a decline over the past week, the indicator has returned red histogram bars. If selling activity gains more momentum, SOL’s price will break below the crucial support level, formed at $231.54. A dip below this price point will send SOL’s price downward to $205.56. On the other hand, if buying pressure gains momentum, SOL’s price will climb toward its all-time high of $264.63.Longby paul_endeo2
Update SOLANA long 26 novembreNovember 26, I posted my long setup, and it’s going very well. Let’s see if it can break the grey box. As I mentioned in my analysis, I expect a new ATH for Solana.by NuriGG3
Update SOLANA long 26 novembreNovember 26, I posted my long setup, and it’s going very well. Let’s see if it can break the grey box. As I mentioned in my analysis, I expect a new ATH for Solana.by NuriGG0
SOL breakout new ATHEyes on breakout.👀 SOL is breaking out of downtrend line. New ATH soon?Longby Marin_Crypto0
SOLUSDT H&SAfter 3 week of medium term trend SOL now has forming H&S pattern on 4h. will confirm if break the neckline or we are wrong if the trend exceed lift side shoulder Hight. Thanks Comment if you like the idea.Shortby Trader0ZK0
My Trend Following indicator is signalling buy on SOLSeems to be playing out just as expected. Now watching to see if the sell signal is right. Longby shreddykreuger112
solana wave count#sol was the leader of the market rise in last months and actually solana made the pattern for market rising now i think its in the 5th wave and its still bullishby stratus_co2
SPOT SOL LONG 28.11.2024🎯Purpose: 408,95 ‼️We enter at 0.5% of the allocated money for spot trading. Longby Trades_for_Traders0
Solana (SOL): Possible 5% Drop Incoming!Solana has broken recently from long trend holder 200EMA, which has also been successfully retested and is getting ready for another 5% move here potentially. We wait for our entry to be reached, and then a good short position could be opened from here towards our target zone! Swallow Team Shortby SwallowAcademy2
Is Ethereum lagging behind the market and competitors?Btc is thr king and Eth is ghe queen of the cryptocurrency . Now. Question is here, Does Ethereum want to remain queen? I have been checking the status of 4 rival coins since September 1st. Bitcoin Ethereum Cardano Solana ====≈=================== The following section shows a comparison of prices from September 1st to now and their growth percentage. Btc 52500 >> 99600 ≈90%🥉 Eth 2140>> 3425 ≈ 60% 🧸 Ada 0.3 >>> 1.15 ≈ 283% 🥇 Sol 120>>> 255 ≈ 112% 🥈 As we can see, Ethereum growth has been very, very low. I think if Ethereum fails to make significant growth in this uptrend, competitors will take Ethereum's place and the crown will be taken from Ethereum's head. What is your judgment and analyzing? Please share your comments with me 🙏by Habib-TafazoliUpdated 2
SolanaSol usdt Daily analysis 2 strategy for Solana Red and green Sol will break 259$ , fall down to 250 AMEX:AREA and rise up to 290 area Longby Habib-TafazoliUpdated 2
SolanaSol usdt Daily analysis 2 strategy for Solana Red and green Sol will break 259$ , fall down to 250 AMEX:AREA and rise up to 290 area Longby Habib-TafazoliUpdated 223
Solana 27 Nov 2024 zonesBullish zone is above 235.5 Bearish zone is below 226 Note: This is not a buy/sell call. Use stop loss whenever trade. by W_0300_82082103
Solana Eyes $290 After Testing $260 Resistance📊 Solana is trading within an ascending channel, currently targeting the key resistance at $260. ✅ If this level breaks, the price could rise further toward $290, the next major resistance. 👉🏼 A rejection at $260 might lead to a pullback within the channel.by MonoCoinSignal229
Solana faces $6 billion short bet as price drops 12% from peakSolana (SOL) has faced increased selling pressure since it climbed to an all-time high of $264.63 on November 24. Exchanging hands at $232.72 at press time, the coin’s value has since dropped by 12%. With waning bullish sentiment in the broader cryptocurrency market, this downward trend has prompted a surge in short positions, with traders betting on a further SOL price drop. According to Coinglass, over the past 24 hours, the total value of Solana short positions has reached $6 billion, significantly outpacing long positions at $5.38 billion. This indicates a strong bearish sentiment among traders. On the daily chart, SOL’s price is poised to break below its 20-day Exponential Moving Average (EMA). This indicator tracks the asset’s average price over 20 days, giving more weight to recent prices. Since October 11, it has consistently served as a dynamic support level for SOL. Currently, the 20-day EMA provides support at $226.52, and a decisive break below this level would confirm the shift toward bearish momentum. If this happens, the SOL price drop may reach $205.56. On the other hand, if market sentiment becomes more bullish, SOL’s price may rally toward its all-time high of $264.63.by paul_endeo1
SOLUSDT - UniverseMetta - Signal#SOLUSDT - UniverseMetta - Signal D1 - Potential retest of the support level, in continuation of the upward movement. H4 - Fixation behind the trend line after the 5th wave correction. You can consider entering from these levels or wait for the formation of the 3rd wave. Stop behind the minimum. Entry: 234.82 TP: 247.84 - 272.79 - 290.47 - 306.87 Stop: 220.45Longby Trade-U-Metta4
SOLUSDTDecision time. Bullish divergence on the hourly but hasn't been able to break above the high and formed a pretty substantial hidden divergence. Break above the high would invalidate hidden divergence and we likely push back up into price discovery. Break below the line we could see us consolidating around that box. This is the first time SOL has been this high in the rankings so its hard to tell where it were play in the altcoin cycle and if it pumps and distribute profits at the same time as ETH or if it will have its own period of the cycle Best to just wait until it tells you what its going to do than guess by Cmo221