the price is showing a surgeThe price actions show a fierce battle between bulls and bears at the supply level, after a long bullish rally on the daily chart. the price action highlights that the price is trying hard to sustain at the upper levels.
At the time of publishing, the price is showing a surge of 0.90% with the price trading at $181.20, the price is trading above the 20-day and 50-day EMA band. Moreover, the MACD histogram has started converging and the RSI is at 53.15 approaching 14-SMA to cut from below.
Therefore, if the price manages to maintain support at the $170 price level, the price could advance higher from the supply level and could blast upward to achieve targets like $200, and $210.
However, if the SOLANA price decreases below from $170 price level, it could deteriorate below and towards lower levels.
Trade ideas
the Solana asset is showing bullish signs The price of Solana crypto has formed a mighty comeback, beating its previous high level, beginning from a major support level of around $81.0. The SOL has already gone past its previous high price mark of $121.0 and has banged the above resistance level reaching new price peaks.
At the time of publishing, the crypto had inclined by 4.17% in the last 24 hours and was trading at $170.91 at press time. Therefore, if the demand for Solana increases unexpectedly more on the upside, the asset price could continue to jump from the current level. Then the next goal for the price could be to reach $200.0 while the resistance would be at $185.
It further exhibits a great price surge possibility to new peak levels. As price structure shows good inclination from the current resistance turned support level of $121.0.
On observing the price chart data over the daily chart, the Solana asset is showing bullish signs and the price structure presents the capacity over the daily chart that it has the potential to extend further. It has performed well in the past week, month, and quarter with a 29.14%, 51.32%, and 123.39% surge respectively, implying a solid uptrend. Moreover, the SOL crypto asset is revealing bullish potency and rising capability as it maintains above major 20 and 50-day EMA bands.
However, if the Solana crypto price fails to stay above the $160.0 level, it could decline further and could reach $140.0 as well.
Solana Swing Long Idea - Solana Trade Setup
- Solana is currently an out performer in the market
- Solana is in a strong bullish trend
- IMO solana can easily take out previous high and mitigate 80-90$ soon.
- If you are holding solana then you add more size once it closes above 65$
- If you are not holding Solana then kindly do not add or rush because of any FOMO.
- Wait for a 20-30% retracement before entering
Solana - New AnalysisHello Traders! 👋 BITFINEX:SOLUSD
Since our last analysis, we've established a new high, now representing our Wave (3). While there's potential for another significant upward surge in Wave (3), it's increasingly probable that the wave has reached its peak. The anticipation is that Wave (y) of (4) will ideally target the price range between $47 and $40.
The exact structure of the correction remains uncertain, so we must stay nimble and be prepared for shifts in the micro wave counts. However, my expectation is that we'll witness substantial momentum around the 38.2% Fibonacci level.
Exciting times ahead! 📊✨
Bid SOLETH perp and hold until ATH
SOL trades to ETH; not to USD.
SOLETH moved from 2% to 3% in a ziffy.
By the looks of it, all set to move to 6%, or double in some time.
This consolidation is a good time to bid.
2.131% at the weekly demand zone, is a great place to get a high leverage position.
2.131% (or 21.31 in this chart) was the lowest it was before the FTX saga. Not going below.
Anywhere below 2.6% is a good bid.
Acquire perp in this range without liquidation risk, and don't sell until ATH.
SOLUSD ANALYSIS Market forming an symmetrical triangle pattern structure formed and inside of side ways market going on wait for the box level breakout after entering the trade and another trade for symmetrical triangle pattern of trend line support or resistance level breakout after entering the trade
Solana long term viewHere is monthly chart of FTX:SOLUSD . It shows clear 5 wave impulse followed by ABC correction that is still not complete. Once we get a positive monthly close then we can expect the next 5 waves impulse on the upside that the size of it should be at least same as the upmove of previous 5 impulse waves (1-2-3-4-5).
It's a wait and watch game from long term investment perspective. Incidentally, most other cryptos too show same ABC correction and chances are most of them will turn together with possibly BITSTAMP:BTCUSD turning up a little sooner than the rest.






















