SOLANA View on Shorter TimeFrameSolana looking bullish in shorter time frame key takeways on chart:- 1.Trendline breakout 2.inverted head and shoulders 3.Uptrend on 1hr timeframeLongby NandhaSaravananUpdated 1
SOL indicates a strong bullish trendThe analysis of the daily chart for SOL indicates a strong bullish trend, suggesting the possibility of further upward momentum for Solana. A bullish indication has been triggered by a breakout from a bearish channel pattern on the daily chart. This sudden increase indicates a change in power from those selling to those buying, indicating that SOL is now ready for more upward momentum. As a result, the upcoming significant positive target is approximately $160.0, indicating the possibility of ongoing price growth in the near future. Trading at around $154.34, the price is upheld by consecutive green candles and a doji candle since early May, signifying continued purchasing activity. The constant backing at $120.0 has enabled Solana to sustain a slow yet stable climb, offering the possibility of testing higher resistance levels. The Relative Strength Index stands at 51.38, indicating that the market is not in either an overbought or oversold state, allowing for possible price growth without hitting overbought levels. In addition, the Moving Average Convergence Divergence indicator also confirms this positive forecast, with the MACD line staying higher than the signal line, and the histogram indicating a growing bullish momentum with a value of 1.93. As on the daily chart, Bulls may target the $160 resistance, with a hurdle at $175.0 beyond that. The $120.0 support provides a strong buffer against downturns, but breaking it could lead to a decline towards $110.0. Longby Sam_TCR1
SOLUSD sell on rise till recent high not break On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
FTX Sells $230M in Solana Tokens Amid Recovery EffortsSOLANA Urgent Update: FTX Sells $230M in Solana Tokens Amid Recovery Efforts ➡️ SOL Sale Details: ▪️Amount Sold: 1.8 million #Solana tokens ▪️Buyers: Galaxy Trading and Pantera Capital ▪️Price Range: $95 to $110 per token ▪️Unlocking Period: 4 years ➡️ Market Chart Analysis Update: ▪️Current Chart Analysis: CRYPTOCAP:SOL is showing bearish signs, struggling to maintain above $127. ▪️Potential Downside: If it breaks below $127, prices could drop to between $70-$80. ▪️Historical Note: #SOL was priced at just $8 about a year ago. ▪️Important Note: Keep an eye on the red trend line; crossing it could mean Solana becomes super bearish. ➡️ Discussion Point: Could Solana hit $50? What are your thoughts given the current market conditions and recent sales? Join the discussion and share your views! Shortby CryptoPatel112
Solana Price Shows Consecutive Gains: Are Buyers Taking Charge? The Solana price witnesses the formation of a bullish pin bar candlestick on the daily chart. The daily chart showcases that the SOL price is stuck between the 50 day and 200 day EMA. The Solana price has been trading higher on the second consecutive day and is trying to stretch higher after stabilizing above the 200 day EMA. The price surge may help the crypto recover the recent losses caused after a double top pattern formation near the $200 level. The daily chart suggests that the SOL crypto loomed sharply after the buyers failed to surpass the $200 level. A double top pattern was observed after which the price dropped breaking below the 50 day Exponential moving average. Currently, the Solana price is stuck between the 50 day EMA on the higher side and the 200 day EMA on the lower side. The long term trend outlook is bullish until the price is maintained above the 200 day EMA. However, the short term trend outlook seems to have weakened after the recent fall. Now, the breakout or breakdown on either side of the EMA may indicate a clear trend in the short term. Solana Crypto: Social Sentiment Data Study The social dominance and social volume of Solana price reveals the activity performed by the social media users. Social media tools like Twitter (X), Telegram, Instagram are a medium to increase the awareness and news about the SOL crypto. The above chart reveals that the social volume and social sentiments were comparatively high in December and dropped in January and February. However, a sharp growth in the social volume and social sentiment was observed in March. The social dominance was 2.8% in February which surged to 12.1% by the end of March suggesting a 600% growth. However, the social dominance curve witnessed a drop in April and currently stands at 6%. The Sentiments Curve Suggest A Slightly Positive Outlook. The weighted sentiment data displays the short term bias among the traders and Investors. As per the chart, the weighted sentiment was bullish in January and turned negative in February indicating a short term correction. Moreover, the overall sentiments turned positive in March and a sharp rally was observed on the charts. Currently, the weighted sentiment curve has fallen back near the mean line indicating a short term correction in the price. The short term trend outlook is neutral to slightly bullish on a combined analysis of sentiment curve and price data. Solana Crypto Forecast 2024 The analysts have a wide range of price targets for April 2024. The most optimistic view of analysts assumes the Solana price could advance to a high of $202.05 suggesting a potential gain of over 39.3%. The lower price target which the crypto could attain as per the analysts is $108.7 if it breaks the recent support and 200 day exponential moving average. Conclusion. Solana price is rising for the second consecutive session hinting at a recovery from recent losses. Recently, the buyers failed to break above the recent swing high and psychological level of $200 triggered a profit booking and slumped below the 50-day EMA. Currently, the SOL crypto is wedged between the 50-day and 200-day EMAs suggesting a bullish long-term outlook but a shaky short-term trend. Also, Social media buzz, reflected in social volume and dominance, peaked in March, signaling increased interest. The sentiment data is neutral to mildly bullish, suggesting a possible short-term price correction. The Breakout of the EMAs on either side may indicate a clear trend. Technical levels: Support levels: $122.61 and $108.37 Resistance levels: $204.09 and $224.86 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.Longby Ritika_TCR1
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. Longby Sam_TCR2
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 $140.0 as well. by Sam_TCR6
Solana Swing Long Idea - Solana Trade Setup - Solana is currently an out performer in the market - Solana is in a strong bullish trend - IMO solana can easily take out previous high and mitigate 80-90$ 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 Longby VKtradesimbalance8
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! 📊✨Longby stromm_by_wmc6
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. Longby xTako1
SOLANA SHORT SETUP ....higly risky dont do overtrade rrr - 1:1.5 based on pure technical analysis Shortby forsakenSeagul14572
Double bottom in SOLUSDThere is double bottom and divergence on RSI(14), in SOLUSD. The height of red volume bars is decreasing.Longby Sumanyu_Aggarwal3
SOLUSD ANALYSIS Market now forming an symmetrical triangle pattern structure, wait for the trend line support or resistance level breakout after entering the trade by PRAKASHNEPA3
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 by PRAKASHNEPA0
SOLUSD ANALYSIS Wait for the trend line resistance level breakout after entering the trade Longby PRAKASHNEPA0
SOLUSD BREAKOUT TRADE Hello traders , breakout daily timeframe target is 19.1175 short term bear market nxt pull run start, comment section below if you have any questions, This is not a financial advice Shortby diwan881
SOLUSD ANALYSIS Market now breakout the trend line resistance level, it's time to buy opportunity Target 🎯37.80 🎯38.64Longby PRAKASHNEPA0
SOLUSD ANALYSIS Market now forming an symmetrical triangle pattern, wait for the trend line support or resistance level breakout after entering the trade by PRAKASHNEPA220
Solana ready to trendSolana is in a rising wedge pattern. It can break the triangle and trendLongby Sumanyu_Aggarwal1
SOLUSD cryptocurrency #crypto #blockchain #forex #btc #ethereum #money #trading #bitcoinmining #investment #business #forextrader #investing #bitcoinnews #bitcoins #entrepreneur #invest #trader #binaryoptions #bitcointrading Longby diwan881