SOL Re-Accumulation - Watch $138.25SOL looks to be in the last stages of re-accumulation here. I'm currently watching this LPS at $138.25 to finish up the SOS/LPS stage before the next markup
Solanausdt
#SOL/USDT
#SOL
The price is moving in a downward channel and is expected to continue for some time
We have strong support at two areas where the entry can be distributed twice
The idea of correction is supported by the correction in alternative currencies during the current period
First level 60.00
Second level 42.00
With goals up to 160.00
SOL Inverse H&S Target - Monthly FVG $147.96I usually don't trade retail patterns but I do like to take measured moves for additional confluence on my levels to see which ones will be most important. In this case, I could see this playing out like this, right up into the monthly FVG
SOL - Fuel Availability AssessmentAt this time it would be premature to draw definitive conclusions about the situation. We need to be patient and wait for the critical crossover point.
I am leaning towards reducing asset values and taking liquidity down from lower levels while addressing the "FVG" issue.
I intend to explore lower time frames (LTF) of 15 minutes to 1 hour to determine a suitable entry point. If an "OB" breakout occurs, I will switch to capitalize on the prevailing trend.
Conversely, if the bears show resilience and form a downward trajectory, I will position myself appropriately within the downtrend.
solThe red box is a very important area that must be broken in the weekly time to reach the blue lines. Below are the areas that can be checked for buying.
#SOL/USDT#SOL
On the 4-hour frame, we have a good bounce heading into the downtrend
We are about to touch the trend and correction slightly before completing the rise
This rise is supported by the breakout of the Moving Average 100
Entry price is 98.00
The first goal is 103.38
The second goal is 108.63
The third goal is 114.70
The fourth goal is 121.32
SOLANA Traders.....Have you ZOOMED OUT lately? SOLANA has switched from a Bull Channel to a Bear Channel.
We're now on the 7th day of this new bear channel.
RSI and MACD both declining since December 25th and Volume has been declining since Nov 1 2023.
If you found this interesting or helpful, click the rocket! --------->
solWe are in a very important area. The red lines are a very tough resistance. If it is broken with strength, it can see higher targets. Otherwise, I will wait on the lower lines.
SOL trade in best zones📊Analysis by AhmadArz:
Entry in high & low levels
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Solana Re-Accumulation - Look out for the spring!Watch this re-accumulation, the spring should take out the SOW low and bounce back hard. A spring should be a fast manipulation move meant to take out all of the liquidity before moving back the other way. If it doesn't bounce back fast, it's invalidated! Keep an eye out for it and if you play your cards right, you get a fantastic entry for the next move
SOL Accumulation - Nailed the Bottom, Now Take Profits!Another one where we nailed the exact bottom. February 23rd, 2024 @ 11:04 PM
Now make sure you take profits on the way up!
SOL - Long your LongsIf you have been following me, I have been following this CRYPTOCAP:ETH fractal since $8 Solana. We have recently reclaimed prior support and attempting vertical ascent. Please see charts below I have posted on here as we have transcended since $8 Solana. Much Love, @CryptoCurb
2021 CRYPTOCAP:ETH
vs
2024 CRYPTOCAP:SOL
You simply are NOT bullish enough.
Run it, #SOLANA
Solana's Price Spikes to a 22-Month High, Outperforming BitcoinSolana ( CRYPTOCAP:SOL ) is up 16% over the past 24 hours to $131, and rose slightly higher above $134 earlier Thursday morning. That’s the highest price that Solana ( CRYPTOCAP:SOL ) has seen since April 2022, and represents a 26% leap over the past seven days.
By comparison, Bitcoin ( CRYPTOCAP:BTC ) is actually down less than 1% over the last day to a current price just under $62,400, but has climbed 21% over the past seven days. Ethereum, meanwhile, is flat today at $3,450, but up 16% in the last week.
Meme coins on Solana are similarly soaring, thanks in part to the broader market boom and likely Solana’s own accelerated climb. Leading Solana meme coin Bonk ( SEED_DONKEYDAN_MARKET_CAP:BONK ) has more than doubled in price over the past week, up 104% to a price of $0.000024 at present—a 48% spike in just the last 24 hours.
And WIF, aka Dogwifhat—a coin based on a meme image of a dog wearing a hat (yes, really)—has jumped 156% this week to $0.82, and set an all-time high above $0.88 early Thursday. With these latest spikes, BONK has a market cap of nearly $1.6 billion, making it the 64th biggest coin by that metric, while WIF’s market cap has spiked to $823 million.
Why is SOL pumping?
As Bitcoin goes, so too do most major altcoins—and Bitcoin is absolutely booming of late. CRYPTOCAP:BTC nearly hit $64,000 on Wednesday, marking the highest price seen for the leading coin since 2021. At that point, it was also just 12% away from the all-time high price just above $69,000 from November 2021.
What’s driving Bitcoin’s resurgence and potentially impacting the rest of the market? Bitcoin has seen sizable gains in recent months due in part to the approval and adoption of spot Bitcoin exchange-traded funds (ETFs) in the United States. They allow traders to gain exposure to Bitcoin without holding the actual asset.
Billions of dollars are flowing into such funds, and the fund operators are thus buying up loads of BTC to support those funds. On top of that, excitement over the next Bitcoin halving—upon which mining rewards are cut in half, slowing the production of new BTC—may be driving gains ahead of the expected mid-April event.
SOL may be a leading beneficiary of these Bitcoin events, but the Solana ecosystem has seen its own substantial growth and renewed optimism in recent months. The cryptocurrency fell as low as nearly $8 in December 2022 following the collapse of FTX, but has rebounded dramatically since. It’s up 468% in the last year alone.
Solana Path to Reach $317Sol is a few steps away from hitting the target in the monthly frame. The two specified liquidity boxes have the ability to start a downward trend.
2 green dashed lines and then the green box will be buying areas for the target of $317.
NFA
#SOL/USDT#SOL
The price is moving in a bearish channel on a 1-day frame, and it has now been penetrated and is being retested
We have a strong support area at 75.00 if the channel is broken down
Therefore, there are two possibilities that it will continue to rise directly from the current level
Current price 97
First goal 107
Second goal 116
Third goal 126
If the pattern breaks down, we will go to the main support area 75 and thus bounce from it
#SOL/USDT#SOL
The price is moving in a downward channel and sticking to its limits well
It was hacked upwards and is being retold now
We have respect for the lower border of the channel at the 100 level
We have an uptrend on the RSI that the price is following well
The first entry price is 107.41
The second entry price is 102.00
First goal 111
Second goal 115
Third goal 119
As beautiful as the landing of a birdThis currency is forming a corner pattern in the time of 4 hours, so we have to be careful, but before this happens, we have a divergence, so there is a possibility of a correction and a 5% chance of growth when this pattern is formed, we have to see what happens at the price of $121. It will show a reaction, the possibility of falling can be stronger
SOLANA to 120??New week, same old opportunities..
Based on the chart, we are still in a bullish cycle, SOL has just completed a correction to complete wave 4, so from here we are expecting the price to go up, in order for wave 5 of wave 3 to be completed, then we will follow what the market price gives us.
For now ride the wave to the ATHs.
SOLANA UPDATESThis is only my Point of view before we can go higher! first leg must have confirmation, or the 2nd leg too, First target would be the first high 126$ if price keep pushing we might see 143-166$.
This is not a financial advice, trade it or own it.
Follow for more! I dont have reason to short for now. But were heading to march month, that month would be the wild volatility if im correct.
Long Position on SOLUSDTAnalysis:
Bullish Divergence in RSI: A bullish divergence is observed in the Relative Strength Index (RSI), indicating potential upward momentum.
Stop Loss Protection: The Point of Control (POC) from the volume profile can be used to protect the stop loss, providing a key support level.
Take Profit Levels:
TP1: Set the first take-profit level between the 23% and 38% Fibonacci retracement levels.
TP2: Place the second take-profit level between the 50% and 61% Fibonacci retracement levels.
TP3: Target the third take-profit level at the 78% Fibonacci retracement level.
Use of Gray Rectangles: Gray rectangles, derived from open interest and representing areas with the highest volume, are used to set the take-profit levels.
Trade Plan:
Entry: Consider entering a long position based on the bullish divergence observed in the RSI.
Stop Loss: Protect the trade with a stop-loss order placed below the Point of Control (POC) from the volume profile.
Take Profit:
TP1: Close a portion of the position at the first take-profit level between the 23% and 38% Fibonacci retracement levels.
TP2: Take additional profits at the second take-profit level between the 50% and 61% Fibonacci retracement levels.
TP3: Target the final portion of the position at the 78% Fibonacci retracement level.
Risk Management: Ensure proper risk management by allocating an appropriate portion of your capital to this trade and adjusting position size accordingly.
Note: Always conduct thorough analysis and consider using additional technical indicators or confirmatory signals before executing any trades. Risk management is crucial to protect your capital in volatile markets.
Solana Drop to 80 looks imminentA few weeks ago, I mentioned the possibility of BINANCE:SOLUSDT retracing to the 80 zone support level once more.
However, Solana surged upward and triggering my stop loss in the process.
Despite this turn of events, my perspective on the market remains unchanged, and I still anticipate a return to the 80 level.
From a technical standpoint, the recent up move from 80 appears to be corrective rather than impulsive, with 120 emerging as a formidable resistance barrier.
Confirmation of a potential downturn would materialize if the price dips back below 100 once more.
I'm looking to sell again.
