Solana chart looks bearish#solana #sol price has formed bearish head & shoulders and CRYPTOCAP:SOL price has stepped into distribution phase. A heavy correction is at the door. Invalidation is a quick new ATH. Not financial advice.
SOL
#SOL 4H: EXPECTING A LOCAL CORRECTION. 12/01/24Currently, the price is moving sideways and remains under a descending trendline that acts as resistance. If this trend persists, I anticipate a slight breakout upward followed by a correction to the $222-$218 range. This area could be ideal for considering a futures position or cautious spot accumulation, with near-term targets of $260-$290.
#SOL is definitely a must-have in your portfolio. My minimum expectations for #SOL are $300-$400. Everything is illustrated on the chart.
DYOR.
JUP SWING LONG IDEA - JUPITER COIN SWING LONG - SOLANA CHAINFundamental Analysis: JUP is the top DeFi project on the Solana chain. It’s a strong project and one of my favorite DeFi projects in all of crypto. I have confidence in their team and vision. Recently, we’ve seen strong momentum in JUP alongside SOL's bullish movement.
Technical Analysis: The price is coming from the monthly demand zone. The weekly demand zone supported the price after testing the monthly zone, and it has broken the diagonal bearish trendline that was responsible for the mid-term bearish trend.
We recently hit and got rejected at the diagonal trendline responsible for the long-term bearish momentum. I believe we’ll see a small retracement from here before taking off, potentially aiming for new all-time highs.
SOL/USDT Technical Analysis: Channeling Towards Higher LevelsAnalysis:
Ascending Channel: The price of SOL/USDT is moving within a clearly defined upward channel, with higher highs and higher lows.
Key Fibonacci Levels: The chart highlights Fibonacci retracement levels, particularly around the 0.5 (230.10) and 0.618 (246.62) areas, which serve as potential support and resistance zones.
Current Resistance Zone: The price is approaching a resistance cluster near 246-257 USDT, indicated by the blue box. A breakout above this zone may lead to a rally toward the channel's upper boundary near 265-275 USDT.
Potential Pullback: If the resistance holds, a pullback to the 0.5 Fibonacci level (230 USDT) or the midline of the channel is likely before the next leg upward.
Trend Confirmation: The price remains bullish as long as it stays within the channel, with no signs of a breakdown below the lower boundary near 197 USDT.
SOLANA $1375 TargetA chart showing the current bull state sitting above the 200MA in white/grey
Price is looking to bounce to the upside off this 200MA
Each point in green circles shows these bounces.
573 days was the length of the first bull run so applying the same length to the current bull run we still have one strong move left, up towards $1375.
Very bullish still. Especially as we enter an alt season.
Solana Eyes $290 After Testing $260 Resistance📊 Solana is trading within an ascending channel, currently targeting the key resistance at $260.
✅ If this level breaks, the price could rise further toward $290, the next major resistance.
👉🏼 A rejection at $260 might lead to a pullback within the channel.
SOLANA Is this correction a buy opportunity??Solana (SOLUSD) is on a 5-day pull-back, along with the majority of the crypto market. It is still above both the 1D MA50 (blue trend-line) as well as the 1D MA200 (orange trend-line) coming strong off a 1D Golden Cross. Is this correction, however, a buy opportunity?
Well the last time SOL formed a Golden Cross on the 1D time-frame was exactly 1 year ago (October 22 2023), after coming out of a similar (blue) Channel Down and that initiated the massive October 2023 - March 2024 rally. That rally hit all Fibonacci extensions of the Channel Down successively (2.0, 3.0, 4.0) and consolidated on all of them. Even the 1D RSI sequences between those fractals are similar.
As a result, we expect Solana to hit $315 (Target 1), $515 (Target 2) and $830 (Target 3) within a 4 month horizon.
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Just a Chill Guy ($CHILLGUY) Surge More Than 40% TodayThe world of meme coins has witnessed another breakout star: Just a Chill Guy ($CHILLGUY). Rooted in the laid-back, "lowkey" meme character, this Solana-based token embodies the spirit of effortless cool. However, behind its relaxed demeanor lies a bullish surge fueled by major exchange listings, celebrity endorsements, and promising technical indicators. Let’s dive deeper into the factors driving $CHILLGUY's rise.
Community and Cultural Appeal
$CHILLGUY draws its identity from the viral "Chill Guy" meme, symbolizing calm confidence and nonchalance. This relatability has captivated the online community, propelling the token into mainstream meme culture. Notably, influencer support—like MrBeast's recent praise—has amplified its visibility, with the YouTube giant calling it the *"Biggest meme of our lifetimes."*
Exchange Listings and Market Reaction:
The recent listings on major platforms KuCoin and Bybit have played a pivotal role in boosting $CHILLGUY’s market traction.
These listings not only validate $CHILLGUY’s credibility but also significantly increase liquidity, drawing both retail and institutional investors.
Market Activity:
- Price Surge: The token saw a 35% intraday increase, currently trading around $0.6312.
- Trading Volume: Up 23% to $244.96 million, reflecting heightened market interest.
- Whale Activity: Data from Lookonchain revealed substantial trades, including a notable $1 million buy-in, signaling strong confidence from major players.
Technical Analysis:
$CHILLGUY is forming a classic Cup and Handle pattern—a bullish continuation signal. This formation suggests a potential breakout, with key resistance and entry points identified.
- Entry Zone: Ideal between $0.590 and $0.610, with a stop loss at $0.36.
- Targets:
- T1: $0.7987
- T2: $0.92
Indicators to Watch:
- RSI: Currently at 65, indicating bullish momentum but approaching overbought territory.
- Support: Strong support at $0.36, which could serve as a long-term entry zone if a retracement occurs.
- Doji Pattern: Emerging on the daily chart, indicating possible trader indecision. A clear breakout above resistance is needed to confirm the bullish trend.
Market Sentiment and Risks:
The bullish narrative is reinforced by strong fundamentals and technicals, but potential legal challenges loom. The original meme creator, Phillip Banks, has expressed concerns over the commercial use of his art, which could impact the project if unresolved.
Conclusion
Just a Chill Guy may embody a laid-back attitude, but its market performance is anything but relaxed. With major exchange listings, celebrity backing, and a promising technical setup, $CHILLGUY stands poised for further gains. However, traders should stay vigilant, monitoring key support levels and emerging legal developments.
In the dynamic world of meme coins, $CHILLGUY is making it clear: sometimes, staying chill pays off. 🚀
ALT SEASON #3After years of waiting, countless false starts, and more hopium than a bull market BBQ, we’re finally here: Alt Season 3 is upon us—or so my trusty weekly Bitcoin dominance chart is screaming.
For the uninitiated, this chart is basically the ancient oracle of crypto, and it’s saying, ‘Hey, Bitcoin, take five. It’s time for the alts to shine.’
Zoom in close and you’ll see the subtle shift—the kind of shift that makes your favorite meme coin go from $0.00001 to ‘retire on a yacht’ territory (not financial advice, obviously).
TL;DR: Pack your bags, but don’t forget to double-check the fundamentals of the random farm token you’re YOLO-ing into. Alt Season 3 is here to remind us all that dreams are made… and sometimes rugged. Stay sharp, my friends. 🚀
$SOLUSDT.P ready for ATHBINANCE:SOLUSDT
Let's try Long from current.
Stop is placed at 219.69.
Take 260-264.
Coin has corrected well and closed the correction targets.
SOL to mooooon 500$📌SOLANA signal:
Signal 1: Bullish Confirmation with Key Breakout 🚀
Solana has showcased a strong first pump followed by consolidation and another breakout at the second move. The chart suggests the potential for continuation to higher levels. A critical pullback entry zone lies between $235–$237, offering a safer opportunity for buyers to join the trend. Targeting $270 and beyond is now a bullish outlook! 🎯
Signal 2: Target Open Beyond $270 💰
The breakout above $270 could signal the next leg up toward the $500 target. Current price action suggests a healthy pullback structure, aligning with the big pump setup. Keep your stop-loss tight around $212–$222 to protect against market volatility. 📈✨
🔥 Plan your entries carefully and ride the wave toward $500! 🚀
ALT SENSATIONAL Everyone is watching this 60% level on CRYPTOCAP:BTC.D for the potential reversal from bitcoin dominance into alts. And I agree based on the order block and golden zone confluence.
The next step I take if I believe an alt season is soon, which is around the corner sooner than one would think, is to hawk the btc and ratio pair charts.
Here are a few that have piqued my interest as of now. This does not mean they immediately pump but rather offer some decent risk reward trade opportunities. I have no idea if these are the generational bottom but frankly they could be.
MEXC:TAOUSDT TAO
BINANCE:BNBUSDT BNB
OKX:OPUSDT OP
BINANCE:NEARUSDT NEAR
BINANCE:AVAXUSDT AVAX
BINANCE:JUPUSDT JUP
CRYPTO:WIFUSD WIF
- Robinhood + Coinbase wombo combo listing
Always be pitting your favorite altcoin vs btc or vs the native chain token the coin is on. Like PEPEETH or BONKSOL etc.
Oftentimes the true bottom or the major turning points present themselves once the ratio pair charts begin to reach key levels of support or resistance. Study and track diligently.
Some alts have already had an initial push up probably taking out some short liquidations. The key is looking for the laggards and the bull divergences.
For now SOLUSD is retesting invh&s neckline as precise supportA good sign that the bottom could potentially be in. Of course there’s always the possibility of some sort of unexpected bald swan to dump the market much further, but even then that could be such a temporary occurrence that by the time the weekly candle closed it still closed the candle body above this neckline. At the bare minimum I get the vibe that at least the monthly candle body can maintain this neckline as support, but we will find out soon enough. *not financial advice*
Alikze »» ICP | Forming a triangle corner pattern🔍 Technical analysis: Forming a triangle corner pattern
- According to the analysis presented in the previous post, in the 1D time frame, after reaching the supply range, it has faced selling pressure.
- As can be seen, after reaching the range of the green box, it has had a positive reaction several times and has faced demand.
- Currently, a triangle corner pattern is formed in the green box area.
- Therefore, the last correction leg can be removed from compression by filling the gap of FVG.
- If it exits from the density above, it can grow up to the range of 12.5 dollars.
🛑 The most important resistance: $12.50
💎 Alternative scenario: If the breakout occurs from below and the green box is broken, the correction can extend to the green box.
💎 So as long as it is above the green box, there will be a short-term bullish trend for the target of $12.50.
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BINANCE:ICPUSDT
Alikze »» KSM | Ascending corner pattern🔍 Technical analysis: Ascending corner pattern
- It has had a zigzag correction to the green box area on the 1D daily time frame after exiting the bullish channel.
- In the last analysis presented, after reaching the range of $60, a correction was encountered. In the presented details, two PRZ ranges had short-term fluctuations, which were investigated.
- Currently, according to the structure of the corner pattern and the exit from it, as well as the support within the green box, it has faced demand.
- Therefore, the first short-term target will be the range of the second cluster, and if it breaks upward, the second target will be the first cluster.
🎯 Close targets: 21.30 - 21.88
- If the second cluster area does not fail, there will be a correction to the $15 range.
🛑 Important resistance: $25
💎 In addition, if it stabilizes below the green box area, the bullish scenario will be invalidated.
If the behavior and structure of the post changes, it will be updated.
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BINANCE:KSMUSDT
Solana to $750 - BUY & HODLSolana will not go bust, it's too big for that.
SOL ( SOLUSDT , SOLUSD , SOLBUSD ) has great value behind it.
The project is amazing, and it's on SALE!
So, I am holding and adding even more @ $5 .
Yeah... when people are panicking, I buy. :))))
My Technicals:
* Elliott Wave A-B-C Pattern
* Double Bottom
* Demand Zone
* Double Bottom
* Fibonacci Retracements
The Fibonacci Time Zones point me to a Bull Market Cycle starting with '23.
Good luck getting rich! :D
Solana (SOL) Price Technical Analysis - Nov, 2024Solana SOL, priced at currently ($256.83) picked up momentum after breaking out of $249 on Nov. 21st and hit a new all-time high above $264 on Nov. 22nd, breaking from the previous high from 2021.
The new all-time high is a bullish sign as it shows solid demand for the asset from the bulls. With no overhead resistance above the region now, a new high clears the path for further gains. If buyers maintain the price above $248, the SOL/USDT pair is likely to skyrocket to $300.
SOL looks bullish againsol seems to have completed a diametric correction as the g wave is dwarfed another bullish trend is expected to form.
By maintaining the green range, it can move towards the targets.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
NOTHING !!Finally, the Cup&Handle broke .The price can reach the shown targets. That's it.
previous analysis
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SOLUSDT: Bullish Momentum Building for a Potential All-Time HighSOLUSDT is demonstrating strong bullish potential after bouncing off a key support zone and breaking through a descending trendline. This breakout suggests a shift in momentum, indicating that we could see a significant upward movement in the near future. With the price gaining traction, traders should monitor the market for opportunities to enter positions as SOLUSDT approaches recent resistance levels.
To capitalize on this potential uptrend, consider placing entries on confirmed breakouts while managing risk with stop losses below the recent swing low. As bullish indicators align, the prospect of SOLUSDT reaching new all-time highs becomes increasingly likely. Stay vigilant, as this may be the beginning of an exciting phase for SOLUSDT traders!
SOLUSDT Currently trading at $146
Buy level: Above $146
Stop loss: Below $135
TP1: $152
TP2: $160
TP3: $175
TP4: $195
Max Leverage 3x
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SOL / USD ConsolidationNeutral consolidation for a week heading into major economic data. Any sort of risk-on response from the overall market could lead to significant upside. However a breakdown could flush out a lot of bulls in quick fashion.
Upwards price targets of: 151, 158, 163, and 184+
Downwards price targets: 134, 110, 104
Solana (SOL) Hits New All-Time HighBreaking Records After Near Collapse
Solana ( CRYPTOCAP:SOL ) has achieved a remarkable milestone, surpassing its previous all-time high of $260. This new peak represents an extraordinary comeback from its low of $8 in late 2022 following the FTX collapse. The cryptocurrency market is buzzing with renewed optimism as Solana's trajectory mirrors the broader market resurgence, including Bitcoin's recent record highs.
Fundamental Drivers: Why SOL is Surging
1. Market Sentiment and Political Shifts
Solana’s resurgence coincides with major political developments in the U.S. The recent presidential victory of crypto-friendly candidate Donald Trump has infused fresh optimism into the crypto market. Additionally, the announcement of SEC Chairman Gary Gensler's resignation in early 2025 signals potential regulatory easing, which has boosted investor confidence across the crypto landscape.
2. Resilience and Technological Advancements
Solana's developers have worked diligently to address past issues, notably network downtimes. These improvements in stability, coupled with a strong focus on scalability, have restored faith in Solana's long-term potential. Solana Labs’ expansion into mobile hardware and decentralized apps has also contributed to this positive sentiment, reinforcing the ecosystem's robustness.
3. Alignment with Bitcoin’s Momentum
SOL's surge is closely aligned with Bitcoin's performance. As Bitcoin smashed past $98,000, Solana's price movement echoed this bullish trend, suggesting that institutional and retail investors are diversifying their portfolios within the crypto space.
Technical Outlook
Despite a minor pullback of 0.5% at the time of writing, CRYPTOCAP:SOL remains in a bullish zone. Its Relative Strength Index (RSI) stands at 64, indicating strong upward momentum without being overbought.
Key Indicators:
- Support Level: $223, which served as a resistance-turned-support during the recent breakout.
- Resistance Zone: The next significant resistance is at $300, we are suggesting a potential run to $500 before the end of the year.
- Moving Averages (MAs): SOL trades well above key moving averages (50-day and 200-day), indicating strong bullish sentiment.
Future Outlook: Can SOL Reach $500?
Given its current momentum and broader market conditions, Solana's path to $500 seems increasingly plausible. The ecosystem's growth, strategic improvements, and favorable macro conditions provide a robust foundation for continued success. However, investors should watch for potential market corrections and external regulatory shifts.
Conclusion
Solana's rise to an all-time high underscores its resilience and the growing confidence in its ecosystem. With a bullish technical setup and strong fundamentals, CRYPTOCAP:SOL could potentially hit the $500 mark by Christmas, further solidifying its position as a leading blockchain contender.
MAD's Next Move: Is a Retracement Coming After Its 500% Rally?
BCBA:MAD has emerged as one of the most dynamic tokens in the market, experiencing a remarkable surge of 74% within the past 24 hours and an astounding 500% over the last 7 days. This growth underscores significant investor confidence and community momentum, despite the absence of a Centralized Exchange (CEX) listing. Currently trading on decentralized platforms like Meteora and Raydium, MAD's success highlights the strength of decentralized finance (DeFi) and the potential for niche tokens to carve out substantial market presence.
The trading volume of MAD stands at $5.5 million in the last 24 hours, reflecting a recent decline of 41.5%, which signals a cooling-off period after its rapid ascent. However, this does not diminish the token's impressive performance. With a market cap of $63.6 million, MAD is ranked #699 on CoinGecko, indicating room for significant upward movement, especially if it secures CEX listings.
Key Metrics to Note:
- Current Price: Just 8.38% below its all-time high of $0.00007062, set only hours ago.
- Market Cap: $63.6 million, with a circulating supply of 1 trillion tokens.
- Fully Diluted Valuation (FDV): Also $63.6 million, implying all tokens are in circulation—a transparent indicator for potential investors.
Technical Outlook:
From a technical perspective, MAD recently broke out of a falling wedge pattern, a classic bullish reversal formation that often precedes significant upward momentum. The breakout has been validated by strong trading activity and price appreciation, pushing the token into an overbought zone, as indicated by an RSI of 91.
Key levels to monitor include:
- Support Zones: 38% Fibonacci retracement level at approximately $0.00003526, a crucial area where the price may stabilize if selling pressure increases.
61.8% Fibonacci level represents a deeper support zone that aligns with investor sentiment, suggesting strong buying interest at this level.
- Resistance Levels: Immediate resistance sits at $0.0000859, a threshold that, if broken, could signal a continuation of the bullish trend. Long-term target of $0.0012 remains feasible, given the current market cap and trading dynamics, especially with potential CEX listings or ecosystem developments.
Comparative Performance:
MAD's performance has far exceeded both the global cryptocurrency market, which is up 9.2%, and similar meme tokens, which are up 7.9%. This outperformance suggests strong investor enthusiasm and a growing community base that could sustain long-term growth.
Catalysts for Future Growth:
1. CEX Listings: A listing on a major exchange like Binance or Coinbase could significantly boost MAD's visibility and trading volume.
2. Community Engagement: Continued community-driven initiatives and potential partnerships could further solidify MAD's position in the market.
3. Ecosystem Development: Expansion of utility or integration into DeFi projects can add intrinsic value beyond speculative trading.
Conclusion:
MAD's recent performance is a testament to its strong market positioning and the potential for further growth. While a short-term correction might be on the horizon due to overbought conditions, the fundamental and technical indicators suggest that MAD is well-poised for long-term success. Investors should keep a close eye on support levels and upcoming announcements, as the token could continue to make significant strides in the crypto space.
