Solusdt
Solana Price Prediction: SOL’s Recovery Depends On The 200 SMAWith the exemption of a few selected cryptocurrencies in the green on Friday, the entire cryptocurrency market continued to wade in deep-sea waters, unable to stay afloat. Solana’s downside potential was impossible to contain at $150 and $144, resulting in another flash drop below $140. Meanwhile, TRON had slipped below $0.07 bringing the accrued weekly losses to $11.5% according to CoinGecko.
Solana Briefly Holds The 200-day SMA Support
Investors have quickly come to the realization that the do
Head and Shoulders Breakdown on SOLThis is not an investment advise!!!
Head and shoulders pattern formation on SOL on a DAILY timeframe
Target should be around 120-130 levels
* I'm not an expert analyst. This is something is just learnt, so I'm sharing this with public.
If you guys find anything wrong with this post, you can tell me about that in comments.
Have a nice day!😄
💡Don't miss the great buy opportunity in SOLUSD @solana
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (229.97).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51
Take Profits:
TP1= @ 259.00
TP2= @ 275.00
TP3= @ 291.51
TP4= @ 310.00
TP5= @ 340.00
SL= Break be
💡Don't miss the great buy opportunity in SOLUSD @solanaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (218.86).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 236.00
TP2= @ 270.00
TP3= @ 280.00
TP4= @ 300.00
TP5= @ 320.00
SL= Break bel
SOLANA (SOL) USDT PERPERTUAL PRICE ACTION ANALYSISSolana has had a spectacular run in the past 2 weeks. However, the price might correct a bit for a pullback as it is near a supply zone.
The XABCD bearish Gartley and Bat patterns had set a supply zone above which the price is struggling to sustain on the weekly chart. As we can see there's a bearish divergence developing on the RSI chart, i.e., the price is making higher highs but RSI is contradicting.
The XABCD bearish Crab pattern sets us a target of 278.
Trade Setup
1)Buy around 178 and p
Formation of Cup & Handle in SOLUSDT* SOL in 4H time frame forms Cup and handle pattern.
* Cup and handle is a bullish continuation pattern that occurs during the bull run.
* If the price breaks its handle resistance near $160, we can see the continuation of the bullish trend .
* Solona is bearish below the handle.
solano overviewsolano broke its intermediate trendline,
if we draw fib retracement from recent high and low we can see it retraced from 0.5 levels two times it was like a double top formation as well
currently it is consolidating in a short channel, it can be the inverted pole and flag pattern
the prices seems to be mean reverting towards the 50ma on daily chart it is also a round fig 100
💡Don't miss the great buy opportunity in SOLUSDT @solanaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (150.48).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 49.
Take Profits:
TP1= @ 164.54
TP2= @ 175.26
TP3= @ 183.68
TP4= @ 195.52
TP5= @ 213.87
SL= Break belo























