SOL/USDT:-A Bearish Swing leading to Long-Term Buying ?SOL/USDT:- Anticipating a Bearish Swing for Long-Term Buying Opportunity
Introduction:
In this SOL/USDT technical analysis, we'll delve into the current market conditions, potential price movements, and identify an attractive long-term buying opportunity within the cryptocurrency pair.
Liquidity Swipe Area:
Our analysis suggests that SOL/USDT may experience a liquidity swipe area around the $20.620 mark. This area could act as a pivotal point where price manipulation traps buyers before a potential fall.
Anticipated Price Decline:
We foresee SOL/USDT's price declining to the range of $12 to $14.
Traders may consider this potential dip as an opportunity to capitalize on short-term moves and manage risk accordingly.
Long-Term Buying Opportunity:
For those with a long-term perspective, the $12 to $14 price zone holds promise as a buying opportunity. Cryptocurrency markets are known for their volatility, and strategic accumulation in this range could position investors for substantial capital gains over time.
By keeping a watchful eye on these key levels and executing well-informed trades, you can navigate the dynamic cryptocurrency market with confidence.
SOLUSDT.3L trade ideas
SOL/USDT: Inverse Head & Shoulders Sparks Bullish Buzz!💎 Hey Paradisers, let's shift our focus to SOL/USDT. On the 1-hour chart, it's shaping up an inverse head and shoulder pattern, hinting at a possible bullish turnaround.
💎 Should SOL/USDT successfully breach the neckline and overcome the 26.06 supply barrier, we could be in for an upward ride with potential resistance levels at 27.22, 28.47, and 29.09. But, if it struggles to break out and slips below the critical 23.91 level, this pattern might lose its validity.
💎Stay sharp and trade smart, ParadiseSquad!
SOL/USDT:-Potential Bullish Reversal , Price Tests Key Support ?
In this technical analysis, we'll examine the recent price action of SOL/USDT, focusing on crucial support and resistance levels.
Buying Area and Expected Price Movement:
SOL/USDT has found notable support within the range of 23.50 to 24.
Traders should closely monitor this range, as it presents an optimal buying opportunity.
Bullish Signal Confirmation:
A significant sign of bullish strength is the scenario where the price breaches the lower boundary of the range, only to be reclaimed by buyers shortly afterward.
This suggests strong buying interest and the potential for an upcoming bullish reversal.
The SOL/USDT technical analysis suggests a potentially bullish scenario as the price tests the critical support range of 23.50-24. Traders should be watchful for a bounce towards the 26-27 levels. The bullish strength demonstrated by the price reclaiming the lower boundary of the range further supports this anticipated reversal.
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SOL / USDT WILL TOUCH HIGH ?Solana, SOL could hit $6.59 in 2023
Solana’s price prediction for the most bearish scenario will value SOL at $16.03 in 2023
Solana’s previous All Time High was on 7th November 2021 where SOL was priced at $259.96
Solana’s price at the same time last week was $20.57. It has moved by -3.91% in the past week and is currently at $20.04. Infact, in the past 24 hours, SOL has dumped by -7.04%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and SOL could hit $39.14 in 2024.
The total circulating supply of Solana as of writing this article was $397607780.16 and the marketcap of SOL remains at $7,970,200,997.
SOLUSDT 4H TFAfter analyzing SOLUSDT, there are indications that a potential breakout may occur in the near future
However, it's important to note that market investments come with inherent risks, and accurately predicting breakouts or price movements is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
SOLANALONG SOLANA
Charts making higher lows and inverse descending triangle pattern is being formed. Also, the price is near the horizontal strong resistance line. If breaks out from here then a new zone starts for SOLANA. The trendline for lower lows can be considered a Stop-loss. CMP is lying on the support of 60 EMA and the super trend indicator also recognizes the bullish zone.
SOL ( alive for a while )If the below red trend line doesn't break in daily
Then we could test resistance before 22 July
Price could reach 41.75
And if the below major support trend line ( red ) breaks then we could drop to the trend line ( white)
Market is still bearish
But there's some bullishness in a major bearishness .