Double Bottom Long!$Solana showing strong double bottom pattern!
Long descriptions are making me sick tho xD a clear pattern doesn't have to be 10 paragraphs long!!
SOLWMATIC_898386.USD trade ideas
Solana roadmap to $400-$425Love SOL or hate it. $400-$425 is a magnet.
Solana is showcasing a textbook Cup and Handle pattern on the 2-day timeframe, signaling a potential bullish breakout. Here’s the breakdown:
1️⃣ The Cup Formation:
The base of the cup was formed between May 2022 and January 2023, marking a prolonged accumulation phase.
The lip of the cup rests around $225, a key resistance level tested multiple times.
2️⃣ Handle Consolidation:
After reaching the cup's lip, Solana entered a consolidation phase (the handle), with lower highs and higher lows forming a descending channel.
This phase typically indicates a preparation for the next major move.
3️⃣ Breakout Potential:
A breakout above the $225 resistance level confirms the pattern, opening the door for significant upside.
📈 Bullish Momentum:
With strong momentum and increasing trading volume, a breakout seems imminent.
Watch for confirmation of the breakout above $225 before entering positions.
Key Levels to Watch
Resistance (Breakout Zone): $225
Target Based on Cup Depth: $425
Support (Invalidation): $175 (below handle structure)
SOLUSD Bullish pennantSOLUSD is building up a bullish pennant;
This pattern indicates buyers are consolidating above the major resistance level at $200.00. A valid breakout will validate the pattern, with the next target at $290-300$ and FIB extension level 1.272.
SOLANA should continue rally It broke to new high as expected in idea published month ago. Now it favors pullback in ((iv)) and expect small pullback before it should continue rally in ((v)) to finish 3. It expect few more highs to finish the sequence started from August-2024 low.
Solana Breaks Revenue RecordsIn the latest crypto market moves, Solana ( CRYPTOCAP:SOL ) has shown impressive performance, setting a new record in daily revenue and solidifying its position as a major contender in the blockchain ecosystem. Its daily revenue hit a remarkable $3.8 million, with users paying over $7.6 million in transaction fees, bringing the platform’s all-time fees to a substantial $521.54 million. This achievement not only demonstrates Solana’s scalability and rising adoption but also reinforces its appeal to both developers and users as an efficient, high-performance network. As Ethereum, a long-standing blockchain leader, recorded $16.45 million in earnings, Solana's recent growth brings it closer to Ethereum's dominance.
Fundamental Analysis
Fundamentally, Solana’s growth trajectory is fueled by its rapid transaction speeds and cost-effective structure, which has made it one of the most attractive platforms for decentralized applications (dApps), gaming, and decentralized finance (DeFi) protocols. Unlike Ethereum, which faces congestion and high gas fees during peak usage, Solana can handle up to 65,000 transactions per second, all at minimal costs. This efficiency is a primary reason why transaction fees on Solana have skyrocketed to $7.6 million per day, reflecting growing adoption and user reliance on its network.
The consistent revenue generated by Solana underscores the platform's viability as a sustainable blockchain model. Its growth could also be attributed to various improvements and upgrades, including increased security and enhanced interoperability with other blockchains. As the platform matures, it’s not surprising that Solana's overall market outlook has garnered a positive sentiment from the community and investors alike.
Technical Analysis
From a technical perspective, Solana’s recent performance has been noteworthy. At the time of writing, CRYPTOCAP:SOL is trading up by 0.67%, holding firmly above the psychological $200 level, a threshold that has strengthened its market position. The Relative Strength Index (RSI) currently stands at 70, signaling an overbought condition, yet this does not deter CRYPTOCAP:SOL ’s upward momentum. Since breaking out of an enclosed rectangular pattern—a sign of consolidation—Solana has maintained a solid support base at $200, suggesting investor confidence and reinforcing bullish sentiment.
The chart shows a strong uptrend, and given the sustained momentum, Solana is positioned to potentially reach the $500 mark in the medium term. While this target may appear ambitious, Solana’s continued revenue growth, high adoption rate, and technical resilience provide it with a robust foundation. Key indicators, including moving averages, support levels, and volume, show favorable signals, with minimal resistance levels anticipated until the $250 mark.
Conclusion
With a record-breaking revenue stream and a resilient technical setup, Solana is establishing itself as a leading force in the blockchain sector. Its ability to outpace Ethereum in certain performance aspects underscores the increasing demand for scalable and efficient blockchain solutions. For investors, Solana’s combination of strong fundamentals and technical promise make it an attractive buy, with $500 as a plausible price target in the near future.
SOLUSD up 1000% by July 2025?!Using Fib Retracement tool and a basic flag chart pattern measured move they both predict a possible move from current price of $210 to somewhere in the neighborhood of $2000. Long consolidation followed by a breakout with BTC smashing new highs could lead the Alts on a wild ride in 2025!
RETEST COMINGGet ready for a SOL temporary pullback.
Notice my BUY ZONE area for a decent
entry into SOL before heading north to
the 500 range. Good area to accumulate
your SOL position. Keep an eye on BTC...
as we have a BIG CME gap around 78k.
Targets on SOL will be hit no doubt if BTC
decides to come back down a fill that GAP.
Oh...BTW...did you buy SOL @ 121.00?...
BAM!!!
********** HAPPY SOL HUNTING ************
Is Solana the New Bitcoin? Exploring its Stellar Rise Is Solana the New Bitcoin? Exploring its Stellar Rise in the Post-Election Rally
Solana (SOL), a high-performance blockchain platform, has been making waves in the cryptocurrency market, surging past the $200 mark and outpacing even Bitcoin's recent gains. This significant price appreciation comes amidst a broader post-election market rally, fueled by optimism about the regulatory landscape and increasing institutional adoption.
The Solana Surge: A Closer Look
Solana's price has skyrocketed over the past week, gaining an impressive 36%. This rapid ascent has caught the attention of both retail and institutional investors, as the platform's unique features and growing ecosystem continue to attract interest.
Key Factors Driving Solana's Rally:
1. Post-Election Market Optimism: The recent U.S. elections have injected a sense of optimism into the cryptocurrency market. Investors are hopeful for a more favorable regulatory environment, which could lead to increased institutional adoption and mainstream acceptance of cryptocurrencies.
2. Anticipation of Spot Solana ETFs: The potential approval of spot Solana ETFs could significantly boost the demand for SOL tokens. As more institutional investors gain exposure to Solana through ETFs, the token's price could experience further upward pressure.
3. Strong Network Performance and Ecosystem Growth: Solana's high-performance blockchain and rapidly growing ecosystem of decentralized applications (dApps) have attracted developers and users alike. The platform's ability to handle a high volume of transactions at low cost has made it a popular choice for various use cases, from DeFi to NFTs.
4. Institutional Adoption: Several institutional investors have shown interest in Solana, recognizing its potential to disrupt traditional financial systems. As more institutions allocate capital to Solana-based projects, the demand for SOL tokens is likely to increase.
The Potential for Further Upside: A $600 Target
A recent survey conducted by MV Global suggests that Solana's price could reach $600 during the current bull cycle. This optimistic forecast is based on several factors, including:
• Strong Fundamentals: Solana's robust technology, scalability, and growing ecosystem provide a solid foundation for long-term growth.
• Institutional Interest: As more institutional investors discover the benefits of Solana, the demand for SOL tokens is expected to rise.
• Favorable Regulatory Environment: A supportive regulatory framework could unlock significant institutional capital and accelerate the adoption of cryptocurrencies, including Solana.
• Market Sentiment: Positive market sentiment, fueled by technological advancements and economic recovery, could further propel Solana's price upwards.
Conclusion
Solana's recent surge to over $200 is a testament to its growing popularity and strong fundamentals. The platform's high-performance blockchain, thriving ecosystem, and increasing institutional adoption have positioned it as a major player in the cryptocurrency market. As the industry continues to mature and regulatory clarity emerges, Solana has the potential to deliver significant returns to investors.
However, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider consulting with financial advisors before making investment decisions.
SOL UPDATESolana (SOL) is a high-performance blockchain designed for decentralized applications (dApps) and crypto projects. It features fast transaction speeds, low costs, and high scalability, thanks to its unique consensus mechanism called Proof of History (PoH), combined with Proof of Stake (PoS).
Solana Coin (SOL): This is the native cryptocurrency of the Solana network. It’s primarily used for staking, transaction fees, and participating in governance within the ecosystem.
NEXT UPDATE
11/12/2024. SOLUSD Daily and hourly chartsSOL hit is daily 218.52 and hourly 222.50 targets yesterday.
Hourly sell is at 211.08. first target point 205.19
hourly buy is at 214.90
daily could see retrace to blue line, 182.14, if 200+- fails.
(SOL) solana "4th" Solana's market capital has surpassed BNB and is now the 4th largest cryptocurrency in the world.
Solana - We Will See A New All Time High!Solana ( CRYPTO:SOLUSD ) is preparing for an all time high breakout:
Click chart above to see the detailed analysis👆🏻
After dropping -95% in 2022, Solana then rallied an incredible +2.000% and retested the previous all time high. Then we saw a quite long term but tight consolidation and just two months ago, Solana retested the lower support again. It is just a matter of time until we will see a breakout.
Levels to watch: $120, $210
Keep your long term vision,
Philip (BasicTrading)
Solana’s Bullish Surge: $220 High Signals Potential for New ATH Solana’s ( CRYPTOCAP:SOL ) recent performance has been explosive, breaking past $220 for the first time this year and setting the stage for potentially higher targets. Driving this bullish momentum is a unique blend of technical and fundamental factors, particularly the growing appeal of meme coins on the Solana network and robust market sentiment.
Pump Fun’s Significant Sell-Off
Meme coin launchpad Pump Fun has offloaded 43,000 SOL tokens (valued at $9.46 million) as the price hit $220, adding to its cumulative 793,243 SOL sold. Despite this, Pump Fun still retains 220,865 SOL, indicating that this liquidity event may be strategic rather than indicative of bearish sentiment.
Meme Coin Frenzy Boosts Solana Ecosystem
The recent meme coin craze on Solana, with tokens like ACT and PNUT surging 1,300% and 250% respectively, has bolstered SOL’s appeal. This trend has even driven Solana’s DEX trading volume above Ethereum’s for the sixth consecutive week. With $160 million bridged into the ecosystem in the past week alone, this influx of capital underscores the growing interest in Solana-based DeFi and meme coin trading. DeFiLlama data shows that Solana’s DEX volume hit $17.484 billion, surpassing Ethereum’s $14.97 billion.
Technical Analysis
Technically, Solana’s breakout above the $210 resistance, now turned support, is significant. The token is trading within a breakout channel and is up by 5.54% in the last 24 hours. This breakout has set sights on the $235.5 resistance level, followed by its previous ATH of $260.06. Altcoin Sherpa, a well-regarded analyst, even predicts that a breach of this ATH could push SOL towards $290, with speculative targets as high as $1,000 within the current market cycle.
If SOL maintains support around $210 and the $199–$195 range, this area could act as a launchpad for continued upward movement. However, if buyers fail to hold this level, SOL may see a correction toward $183–$172 before another rally.
Market Sentiment and Broader Crypto Landscape
The bullish momentum for SOL is part of a larger upward trend across the crypto market, with SOL benefiting from both the favorable macro environment and its distinct ecosystem growth. The meme coin popularity on Solana, coupled with strong DEX volumes and increasing DeFi activity, adds to the long-term potential of the network as a primary hub for high-volume, user-driven activity.
Conclusion
Solana’s rise to $220 represents not only a technical milestone but also a testament to the network’s expanding ecosystem, especially within the meme coin and DeFi sectors. With strong support from both fundamental and technical indicators, SOL’s trajectory suggests that reaching its ATH of $260 is feasible, with even higher targets on the horizon.
As SOL continues to capitalize on its position within a bullish crypto landscape, market participants should keep an eye on key support and resistance levels, potential corrections, and the broader sentiment driven by meme coin activity.
SOL USD - Bull FlagStrong Weekly Breakout Candle for Solana! This asset continues to show strong potential in what could be the next bull market cycle.
Get Ready!
SOLANA SOLUSD is in short term pullback. Buy entry.
SOLUSD is currently in a FIB pullback on a short timeframe and is at the 50%fib level.
Look for a further pullback in price to just below the 38.2% which would be a price about 217.
Is Solana the Next Big Contender in the Cryptocurrency Market?
Solana (SOL), the high-performance blockchain platform, has surged to a 7-month high, surpassing the $200 mark. This significant price surge has ignited excitement within the cryptocurrency community, with analysts predicting a potential massive upsurge in the coming months.
Key Factors Driving Solana's Rally
Several factors have contributed to Solana's recent price surge:
1. Network Upgrades and Scalability: Solana has consistently focused on enhancing its network's scalability and performance. Recent upgrades have significantly improved transaction speeds and reduced fees, making it a more attractive platform for developers and users.
2. Growing DeFi Ecosystem: The Solana ecosystem has witnessed substantial growth in decentralized finance (DeFi) applications. With a growing number of DeFi protocols and projects building on Solana, the demand for SOL tokens has increased.
3. NFT Market Boom: Solana has emerged as a popular platform for non-fungible tokens (NFTs). The increasing popularity of NFT marketplaces and collections on Solana has driven demand for SOL tokens.
4. Institutional Adoption: Institutional investors are increasingly recognizing the potential of Solana as a scalable and efficient blockchain platform. Increased institutional interest has led to significant capital inflows into the Solana ecosystem.
Analysts' Predictions and Future Outlook
Cryptocurrency analysts are bullish on Solana's future, citing several factors that could drive further price appreciation:
• Continued Network Development: Solana's ongoing commitment to network upgrades and scalability improvements will attract more developers and users.
• Expanding DeFi Ecosystem: As the DeFi ecosystem on Solana continues to grow, the demand for SOL tokens will increase.
• NFT Market Growth: The NFT market on Solana is still in its early stages, and further growth in this sector could significantly boost SOL's price.
• Institutional Investment: Increased institutional adoption of Solana will provide a strong foundation for long-term price growth.
Technical Analysis
From a technical perspective, Solana's recent price surge has broken through key resistance levels. If the current bullish momentum continues, the price could potentially reach new all-time highs. However, it's essential to consider potential risks, such as market volatility and regulatory uncertainty.
Cautious Optimism
While Solana's recent price surge is undoubtedly exciting, it's crucial to approach the market with a cautious optimism. Cryptocurrencies are highly volatile assets, and prices can fluctuate rapidly. Investors should conduct thorough research and consider their risk tolerance before investing in Solana or any other cryptocurrency.
Conclusion
Solana's recent price surge and positive market sentiment indicate a strong bullish outlook for the platform. However, it's essential to remain vigilant and monitor market developments closely. As Solana continues to evolve and innovate, it has the potential to become a major player in the blockchain industry.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Massive Cup & Handle on Solana about to pop!Solana has been building an absolutely massive cup & handle for the past four years, and with the market perking up since the elections, it may just be the time for it to pop!
Good luck, and always use a stop-loss!
SOL - New High!On the line chart (which only accounts for candle body closes) has just made a higher high than the one established around $200 in March of 2024.
Now any retest and candle bodies holding this level should establish a floor of support around $200. If we see this level continue to hold it could be a launching point for new all time highs.
Remember we can wick lower, but seeing daily candle bodies close above will be a very very bullish indication of strength.
SOLUSDT 6R short Crypto is over extended after a massive surge beyond ath.
Expecting a downtrend to start here to take out all the late long and generate enough short liquidity for the next run up.
Keeping a tight SL at 218
Final tp 180 take profits along the way.
SOLUSD I feel good I had my price target set at $213 It hit $213, But I sold early just cause of boredom, but it feels good to know that it hit it. In the future maybe I will find something more fun to do like not write an essay about discourse communities for class lol.
Anyway, I sure hope a lot of people are making money during this bull market. Bitcoin hit $80K so congratulations to all of you who are buying bitcoin. Sure, wish I had real money in this lol ugh I would be a millionaire right now lol. Oh well it is continuing to paper trading for me.
Solana (SOL)Solana needs no introduction as this coin has already proven to be on many people's popular lists. Besides its high-volume trading and great features, its technical analysis is also interesting. After Solana's upward wave finished, a corrective wave, a long one, started. Now, it seems the corrective wave has ended at 0.5 Fibonacci retracement. Also, the correction is unfolding in an inverted wedge pattern. We have to wait for the price to break this pattern upward. Let's see what happens.
