Solanausdt
SOLUSDT, key zones to watch and two points to buy 📈 UpdateHello guys, This is an update of previous analysis (blow link), Everything is explained on the chart for you like always. Our first buy point has been activated and you can manage your position and profit. The price is still below its main resistance. The second buy point will be activated after breaking the resistance and pullback to 28$. The targets will be 38 and 48.
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APTOs is taking the place of SOLANAMuch has been said about the dramatic increase in the price of APTOS this year. Surely it looked like a good short ... as @cryptomanran said, it is up 100s of percent. But, when you consider the price behavior of Solana during this time, regress the two against each other or against ETH ... You will see that it has really been a typical pattern that indicates a bullish bet is being made for APT in favor of SOL ... look at the way they trade and you will see them get jiggy when we approach the level of 0.60 - 0.62 for the ratio of APT to SOL (APT/SOL). Seems like some big Solana bag holder is doing the swap. Not investment advice ... just what I am working on right now.
SOL positioned for breakout! (mobile phone releasing early 2023)Right shoulder is above the head and is primed to move through that ascending channel into a range of $26 USD. Don't be surprised if we achieve that before midnight Sunday. Be enthused when you see it back at the $30 USD mark. Sell pressure has waned for a reason. Fundamentals are out, Solana Mobile is releasing the worlds first and only crypto phone & every SOL based project is making a push to be in the dApp store. The major caveat being the SEED Vault.
A SEED is like having a phone in a phone. Your passwords & seed phrases are essentially air gapped. No one can access your SEED Phrase. No malicious third party can use an ad network too violate permissions. Thus making the phone & your Solana Quantum proof.
This isn't an ad, i'm not sponsored... i own a developer test kit model so i could beta test GRIZZLY HACK-A-THON projects. For the past two weeks it's given me overwhelming confidence to UP UP UP my SOL bags. No other chain has a 512 GB phone or a Quantum seed vault. Holding Solana is like holding Tesla stock pre-split. The business venture is backed by Google & Android.
EoY prediction for SOL:
$1355 USD is what i have personally set targets for on a per unit basis. No price prediction target forecast genuinely factors in the Solana Mobile venture.
The phone is ideal for .... "Blockchain Gaming", "Solana Pay", & NFT/credential storage
An analysis of the total Blockchain-wise NFT sales volume over the last 30 days would reveal that Solana is at the second position. Recently, Solana Ventures and the Solana Foundation formed a $100-million fund to help support the growth of NFT, blockchain gaming, and DeFi projects in South Korea.
The blockchain registered a month-on-month increase of over 18%. Ethereum, on the other hand, saw a decline of 23.75% during this timeframe. The recent spike in these NFT volumes ultimately renders SOL to be more useful while revealing the underlying growth of its NFT projects.Also, Meta's intentions to include Solana-based NFTs on Instagram reignites recovery hopes for the token.
USD 15.54 Billion
The global Non-Fungible Token (NFT) market size was USD 15.54 Billion in 2021 and is expected to register a revenue CAGR of 34.2% during the forecast period. In 2021 North America was attributed to 52.8% of global volume.
DYOR | Not financial Advice
Solana SOL price will reach $31, the only question is how)Now, SOLUSDT buyers have one goal: to push the price as close to $31 as possible. There is a powerful liquid zone there, which is pulling the SOLANA price towards it like a magnet.
The only question is which way they will go there:
If they can confidently fix the SOL price above $23, then the blue route is realistic.
If buyers relax even for a second, sellers will become more active. They need to defend their short positions, which were gained on the "negative news around FTX and SOLANA." As a result, the red scenario and the drop of SOL price to the $13-15 range
Which scenario do you prefer, and which is more realistic in your opinion?
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SOL: Approaching ResistanceSolana (SOL) technical analysis:
Trade setup : Price bounced off of $10 support and broke above $15 level with robust volume, making a Higher High, a sign of potential trend reversal. Price has reached our target $25-30 resistance zone, which also lines up with 200-day moving average and a long-term down trendline. That makes that a very stiff resistance zone. Hence, we could see some profit taking pullback near-term. (set a price alert). Price needs to break above this stiff resistance area to indicate that buyers have soaked up all the supply overhang.
Trend : Downtrend on Short-Term basis and Neutral on Medium- and Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance Nearest Support Zone is $15 (previous resistance), then $10. The nearest Resistance Zone is $25 – $30, then $40.
SOL: Approaching ResistanceSolana (SOL) technical analysis:
Trade setup : Price bounced off of $10 support and broke above $15 level with robust volume, making a Higher High, a sign of trend reversal. Price has reached our target $25-30 resistance zone, which also lines up with 200-day moving average and a long-term down trendline. That makes that a very stiff resistance zone. Hence, we could see some profit taking pullback near-term. Price needs to break above this stiff resistance area to indicate that buyers have soaked up all the supply overhang.
Trend : Uptrend on Medium-Term basis and Neutral on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $15 (previous resistance), then $10. The nearest Resistance Zone is $25 – $30, then $40.
Solana TriangleSolana has been consolidating in a triangle after breaking the bullish trendline (grey). downside is more likely imo because of multiple divergences on Sols pump to $26, resistances (blue trendline, 200dma in yellow) just about current price and crossover on MACD. Price target of triangle breakout $18ish
SOLUSDT SHORT OPPORTUNITYHere we can see that "SOLUSDY" in 1 day time frame has a major resistance zone at "26.57" and price may fall from that point also you can see that STOCASTIC RSI is trying to reach overbrought zone from oversoldzone and we can get a good candle wiik entry for short trade.
ENJOY!!!!!!!!!
#Solana SOL/USD -Daily chart#SOL - From analysing the chart, it is clear that the overall sentiment is bullish, meaning that we expected to increase.
However, it's important to take note that the relative strength index (RSI) is quite high, which may indicate that the market is overbought and could experience a short-term pullback.
Additionally, it's important to be aware of any resistance levels that may be present on the chart and to consider the historical patterns and trends. Despite the high RSI, it's important not to jump to conclusions and to evaluate the chart with a critical eye. It's essential to not make hasty decisions out of fear of missing out (FOMO) and to take a moment to think critically in order to come to a conclusion.
Overall, it's important to be careful and to make well-informed decisions.
"SOLUSDT" NEXT MOVE!!!Here we can see that "SOLUSDT" in 1 day time frame has taken breakout from the TRENDLINE and trying to retest ont the line and if it takes a healthy retest we can see a good bounce in the price and price could rise till the zone of "31.485". And if the its a fakeout then we can see downfall in the price till the zone of "20.313". Till then keep an eye on the smaller timeframes of the market and if the price hits the support mant times then there is a high change to break the candle in the downwards direction and same things applies for the resistance zone. And according to the TRENDLINE make your TRADE ENTRIES.
ENJOY!!!!