Idea With A grain of Salt! - ON SOLHello Guys,
this is a potential fractal that might be playing out and actually would create such an insanely beautiful structure for Solana.
Lets see if this will happen lol
SOLWMATIC_898386.USD trade ideas
SOLANA --- How high do you think it will go???You might not have a projection as high as mine.
But here we go
LOG tgt over $ two thousand.
Please @ Me
My initial thought was 50X from the bottom.
so around $350
Clearly
I'm open to higher, now ... based on the chart but also fundamentally
SOYlana has the best normie experience of all blockchains.
So we go WAAY higher than I thought before.
Solana Surges to 25-Month High: A Beacon in the Crypto RealmSolana ( CRYPTOCAP:SOL ) has emerged as a shining star, reaching a 25-month high and captivating the attention of institutional investors and traders alike. This surge in Solana's price has ignited discussions about potential market rallies and reaffirmed its position as a frontrunner in the digital asset space.
Amidst a backdrop of market turbulence, Solana ( CRYPTOCAP:SOL ) has demonstrated remarkable resilience, posting a 7% rally while other cryptocurrencies falter. This resilience not only underscores Solana's ( CRYPTOCAP:SOL ) growing dominance but also reflects investor confidence in its underlying technology and long-term potential.
A significant catalyst behind Solana's recent surge is its integration with Binance's Web3 Wallet, facilitating seamless interaction with decentralized applications (dApps) and simplifying token management within its ecosystem. With easier access to Solana-based dApps like Drift and Dual Finance, Binance's integration is poised to drive adoption and enhance usability, further bolstering Solana's appeal to investors.
Presently, Solana ( CRYPTOCAP:SOL ) boasts impressive metrics, with nearly $4 billion in Total Value Locked (TVL) and a stablecoins market cap of $2.6 billion. These metrics underscore the mainstream adoption of web3 projects and digital assets, solidifying Solana's position as a prominent player in the crypto landscape.
The introduction of BILS, an Israeli Shekel-backed stablecoin, on the Solana blockchain has attracted investor interest, showcasing the platform's ability to pioneer innovative financial solutions within a regulatory framework. This initiative highlights Solana's attractiveness to projects and partnerships that contribute to its ecosystem's growth and development.
Despite reaching new highs, caution is advised as Solana's Relative Strength Index (RSI) stands at 85.50, indicating potential overbought conditions and the possibility of a reversal. Traders are urged to exercise prudence and implement risk management strategies to navigate market volatility effectively.
Nevertheless, Solana's ( CRYPTOCAP:SOL ) recent surge to $181, accompanied by a surge in trade volume to $11.57 billion, reflects growing investor confidence in the cryptocurrency. As Solana ( CRYPTOCAP:SOL ) continues to strengthen its ecosystem and attract investment, it remains well-positioned for sustained growth and long-term success in the ever-evolving crypto landscape.
Solana Surges to 25-Month High: A Beacon in the Crypto RealmSolana ( CRYPTOCAP:SOL ) has emerged as a shining star, reaching a 25-month high and captivating the attention of institutional investors and traders alike. This surge in Solana's price has ignited discussions about potential market rallies and reaffirmed its position as a frontrunner in the digital asset space.
Amidst a backdrop of market turbulence, Solana ( CRYPTOCAP:SOL ) has demonstrated remarkable resilience, posting a 7% rally while other cryptocurrencies falter. This resilience not only underscores Solana's ( CRYPTOCAP:SOL ) growing dominance but also reflects investor confidence in its underlying technology and long-term potential.
A significant catalyst behind Solana's recent surge is its integration with Binance's Web3 Wallet, facilitating seamless interaction with decentralized applications (dApps) and simplifying token management within its ecosystem. With easier access to Solana-based dApps like Drift and Dual Finance, Binance's integration is poised to drive adoption and enhance usability, further bolstering Solana's appeal to investors.
Presently, Solana ( CRYPTOCAP:SOL ) boasts impressive metrics, with nearly $4 billion in Total Value Locked (TVL) and a stablecoins market cap of $2.6 billion. These metrics underscore the mainstream adoption of web3 projects and digital assets, solidifying Solana's position as a prominent player in the crypto landscape.
The introduction of BILS, an Israeli Shekel-backed stablecoin, on the Solana blockchain has attracted investor interest, showcasing the platform's ability to pioneer innovative financial solutions within a regulatory framework. This initiative highlights Solana's attractiveness to projects and partnerships that contribute to its ecosystem's growth and development.
Despite reaching new highs, caution is advised as Solana's Relative Strength Index (RSI) stands at 85.50, indicating potential overbought conditions and the possibility of a reversal. Traders are urged to exercise prudence and implement risk management strategies to navigate market volatility effectively.
Nevertheless, Solana's ( CRYPTOCAP:SOL ) recent surge to $181, accompanied by a surge in trade volume to $11.57 billion, reflects growing investor confidence in the cryptocurrency. As Solana ( CRYPTOCAP:SOL ) continues to strengthen its ecosystem and attract investment, it remains well-positioned for sustained growth and long-term success in the ever-evolving crypto landscape.
SOLUSD - Still Very BullishI'm bullish on Solana and expect it to soar into the 1000's.
A curved bowl or trend can be drawn and allows the price to climb along up it, until this breaks it is very bullish.
Great buy
Daily chart.
SOLANA Bullish opportunityI believe if price is able to retrace back down as shown in the picture, it would be a great opportunity before it basts off breaking the $200 mark.
Stop loss would be at the swing low, and target would be $200. If you take partials @ $200, then the next available target would be the highest its ever gotten. After that, if you want to hold for a long run, leave some and continue trading with the remaining balance.
SOLANA $8.50 | maybe a good entry for investmenti read that bitmain de listed solana and some projects abandoned solana
i say maybe Binance will buy soalana just like it bought xvg and many projects that were leaders in 2021
SOLUSD You were warned about it. 1st ever 1W Golden Cross formedSolana (SOLUSD) broke above its former Channel Up as we explained on our last bullish call (December 08 2023, see chart below) and hit last week our 144.000 Target:
Right now it is best to take a step back and view SOL's price action on the 1W time-frame, where the clear long-term trend is revealed, and that's bullish within a Channel Up pattern. The Fibonacci Channel levels reveal that it is still in its early stages within the 0.236 - 0.382 Fibonacci range.
On top of that, it just formed its first ever 1W Golden Cross! This is an incredibly bullish pattern and we expect the whole bull run to peak at atleast +5150% from the market bottom just as the November 2021 Top did. As a result, our Target is $4000.
Note that every pull-back inside the 1W CCI green zone, is a long-term buy opportunity.
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SOL - Weekly Educational Bull Run Alt season chartingSimply creating charts of Alt coins for references, of how they will react to this upcoming Bull Run.
Solana’s price action now breaching the larger invh&s necklineNow that we have reached the target of the smaller inv h&s neckline (which is also a right shoulder of the larger invh&s pattern) Getting to that target has allowed price action to rise above the neckline of the bigger inverse head and shoulders pattern shown here with the tan neckline. The right shoulder of the larger inv h&s pattern was not only its own invh&s pattern, but when it corrected 1 time back belo its neckline as these patterns often do, it created a second higher neckline for its self, a double decker invh&s if you will. That second higher neckline price action has now also broke confidently above but has not quite hit its full target yet. I have illustrated it here on the chart with the teal neckline. That one has a target of around $158-159. There is a high probability that once price reaches that height and hits that target, that any retest of the much larger tan neckline will result as support. If so then we should validate the largest inv h&s breakout in short order after that in which case we then begin our climb to its target as you can see I’ve illustrated here with the dotted tan ascending trendline. Usually takes trendlines like this multiple weeks to sometimes even a couple months before reaching their full target, however in our current parabolic phase it could also reach that full target in mere days. Either way patience is a virtue. *not financial advice*
Solana Parabolic Curve Pattern Chart ConceptLooking at the Parabolic Curve Pattern and the chart of Solana, does the idea that Solana is just making Base Level 2 coming out of a cup and handle pattern make sense? Could the long term price target be in line with the two peaks from the prior cycle tops? What do you all think?
Solana +59% price rise confirmed! All set to reclaim ATHPopular layer-1 digital asset, Solana COINBASE:SOLUSD , looks ready to revisit its all time high, around $259.
My thesis is that Solana will continue to lead the charge this Crypto Bull Cycle, coming second only to BITSTAMP:BTCUSD .
Recall that in the last quarter of 2023 we saw the coin rally over 463% from mid-October to the end of the year. Over that same period Bitcoin only moved by just over 73%, whilst Ethereum BINANCE:ETHUSDT did about 57%.
At present, Ethereum is now only 22% from its all time high whilst Bitcoin has already created a new all time high. Meanwhile, Solana which is already proving to be a favourite for most retail traders and investors due to its cheaper transaction fees and faster speed is still a good 60% away from the ATH.
Going into the technicals, the price chart of the 4th highest ranked digital asset by Market Cap (when excluding stables) is showing a clear cup and handle on the higher timeframes as pictured below.
The handle is formed from another cup which itself seems to have another cup, a cup within a cup, within a cup…. the Cup n Handle Matrix lol
Overall, I think this setup creates a great opportunity for those wanting to shift their positions to capitalize on the potential for larger spot gain in a “blue-chip” Crypto and for those looking to trade it on Margin, Futures or Options too.
(If you found this valuable I’d appreciate it if you would consider following and boosting this trade idea, I’d also love to hear where you thinking Solana is headed and what coins I can look at next)
Happy Trading!
Solana (SOL) Chart Analysis: Observing a Cup and Handle PatternThe SOL/USD daily chart displays a pattern resembling a cup and handle. If confirmed, this technical analysis suggests a potential price target exceeding $160.
SOLANA $SOL is shiningSolana weekly view. Obviously a lot of room for upside, we'll have to see and witness how that gets exploited and when. it could happen like this, probably too ideally. lots of other possibilities as well. ->The main levels are trade entries and exits
SOLANA: Be prepared for 170 Attention here! Yesterday's correction offered a great entry point at the 50 SMA, which acted as support (very bullish). We are on the verge of closing an entire 4-hour candle above 150, which is a very positive signal. If the breakout is confirmed (and the entire market doesn't flush), the price is likely to soar to 170 soon.
Solana- Rising strongly upward Solana is on the way to hit the target of around $300. Wave C is the next leg of an Elliot wave pattern which is an impulse wave, rising upward very strongly. The wave C must overlap the previous wave A as per rule of an Elliot wave.
SOL-USD: Elliott Waves of Solana2024-03-12 SOLUSD (Binance)
I haven’t found much on Elliott Wave work for Solana here on TradingView and that is probably why I have been asked about it.
So here is a quick view. The chart is really similar to Ethereum, in that the 2022 crypto winter bottom extended long into 2023 in form of an Elliott triangle correction in wave four of the Solana Cycle wave. The market is therefore now in Cycle wave five and Primary wave three, having completed waves one and two in Primary degree.
The chart shows that this Primary wave three has potentially a very long trajectory reaching up to at least 2000 USD, if we just accept standard wave ratios. So keep on buying and hodling, people and the chart will like that, if the overall market holds up.
With SOL price Above $150, buyers eye $250!nverted Head and Shoulders Breakout: SOL crosses $150 after an inverted head and shoulders breakout in the weekly chart.
Fibonacci Level Breakouts: With the 50% level already surpassed, eyes are now set on breaking the $158 mark, aligning with the 61.80% Fibonacci level.
Psychological Mark Reclaimed: SOL reclaims the significant $150 mark, signaling strong bullish momentum.
Upside Potential: From a year's low around $10 to crossing $150, showcasing Solana's potential for further gains.
Technical Indicators: The MACD indicator's bullish crossover supports the uptrend, suggesting strong momentum.
Volume and Market Growth: Rising volumes and market enthusiasm bolster SOL's trajectory towards $250.
Current Trading Status: Trading at $151.77 with a 1.94% intraday gain, maintaining a bullish pattern with a 47% increase over the last three weeks.
Potential Targets: Aiming for the $250 peak, with the immediate next step being the successful breach of the $158 level.
SOLPer my last SOL idea, continuation higher so long as above 133.
We're seeing that continuation higher now.
Liking possibility of it mimicking December 2023 price action (mirrored and flipped) to complete an extension above mid equidistant to the move from first quarter to mid.
Gas prices on Ethereum still too high.
Send it to 200+
SOLANA: 150 is coming Solana has been consolidating around 130 in the last couple of days. The uptrend continues to be supportive, if it doesn't break and the price action manages to get above 138, we can expect a rally to 150.
SOLANA: Be patient Don't force the market here, SOL will moon once we break 150. Until then you can chill out. However, market looks stretched on the leverage side and a reset-flush is becoming more likely. Dips could reach 137 or 128. Place your dip buy orders, because SOL is gonna rip soon.
SOLANA resistance turned support?SOL broke above 112-120,
the support tested well.
Bull momentum still good , as long as price above $112.
next resistance at $180-$200 zone.
and ATH at $260.
DYODD
