SOLUSDT - Will this nightmare come true?On October 22, I published this chart, and many were skeptical about what I was talking about.
"I share it and u can check the link i left in attachment."
Now, this scenario is highly likely, and everything is unfolding as shown in the chart below.
You can clearly see the Wyckoff Distribution pattern already formed, and so far, price movements align significantly with the illustration provided.
Currently, the price has returned to the distribution zone, hitting the "failed rally point"
. All of this appears to have been a trap.
And why not?... SOL is one of the largest coins in the market by market cap. Everyone is expecting SOL to achieve x3 or even x10. This makes it entirely logical for the price not to move higher amidst this level of optimism.
I’m not entirely pessimistic, but I view things from a purely logical perspective.
This pattern is not yet confirmed—we need a massive red candle closing below the distribution zone to confirm it. However, the price movement so far is perfectly aligned with the Wyckoff Distribution logic.
If a close below this red zone happens, consider it a signal to exit the market entirely."
Solusdtlong
$SOLUSD BuyCOINBASE:SOLUSD
Technical Analysis
This chart suggests the price is in a corrective phase, with confluence around key Fibonacci levels. Divergences in RSI, Williams %R, and MACD support this corrective structure, while the Elliott Wave count indicates the potential for a strong rally in the next impulsive wave.
Fundamental Analysis
1. Anticipation of Solana Spot ETFs:
Following the successful launch of Bitcoin spot ETFs, there is growing speculation about the introduction of Solana-based ETFs. Such financial products would make SOL more accessible to traditional investors, potentially increasing demand and positively impacting its price.
2. Positive Technical Indicators:
Analysts have observed bullish technical patterns in Solana's price charts, suggesting the potential for significant growth. For instance, the formation of a 'cup and handle' pattern indicates a possible upward breakout, with some projections estimating substantial price increases if this pattern holds.
3. Evolving Regulatory Environment:
The recent approval of Bitcoin spot ETFs and a shift towards a more crypto-friendly regulatory stance in the U.S. have increased optimism for the approval of Solana-based ETFs. This regulatory shift could enhance Solana's legitimacy and attract a broader investor base.
These developments contribute to a positive outlook for Solana, indicating potential for continued growth in the near future.
#SOL/USDT Ready to go higher#SOL
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 205.00
We have a downtrend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 209.68
First target 215.40
Second target 221.87
Third target 231
SOL | ALTCOINS | Does Solana Have One More Push?Solana has barely just made a new ATH, and it's likely at the end of the correction after trading red for 3 weeks consecutively.
It's likely that once ETH has made a new ATH, Solana will be soon to follow. More on that topic here:
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BINANCE:SOLUSDT
SOL/USDT Weekly Chart: Cup & Handle Pattern Signal 115% Breakout(I'm not a financial advisor)
The chart reveals a classic Cup and Handle formation on the weekly timeframe, signaling a continuation of the bullish trend. The cup represents a period of accumulation and consolidation, while the handle indicates a minor pullback before a potential breakout.
Key Levels:
Breakout Point: ~$235
Current price: $222.73
Target Projection: ~$500 (based on the measured move from the bottom of the cup to the breakout point, mirrored upwards).
Bullish Outlook:
A confirmed breakout above the handle resistance could trigger a strong move upward, fueled by the continuation of the prior uptrend. The measured move aligns with a target near $500, reflecting a potential 2x increase from the breakout point.
Why This Setup is Significant:
Cup and Handle patterns are reliable continuation patterns in technical analysis.
The handle's tight consolidation shows reduced selling pressure, increasing the probability of a breakout.
Volume confirmation upon breakout would strengthen this bullish forecast.
Watch for:
A weekly close above the breakout point (~$235) with increased volume.
Potential pullbacks to retest the breakout zone as support.
SOL / USDT : Approaching trendline resistance SOL/USDT: Approaching Trendline Resistance with Strong Breakout Potential
SOL/USDT is gaining momentum 📈 as it nears a crucial trendline resistance zone 📊. The pair has been consolidating tightly, building up energy for a potential breakout 💥. This could be the breakout we've been waiting for, signaling the start of a strong bullish trend 🚀. Stay alert and watch for confirmation signals before making a move.
Key insights:
1. Trendline resistance: SOL/USDT is testing a significant trendline that has acted as a barrier in the past. A breakout above this level could unlock substantial upside potential.
2. Volume surge: A noticeable increase in trading volume during the breakout will confirm strong buyer interest 🔥.
3. Bullish signals: Momentum indicators such as RSI and MACD are turning positive ⚡, indicating growing bullish strength.
Steps to confirm the breakout:
Look for a decisive 4H or daily candle closing above the trendline 📍.
Watch for a volume spike during the breakout, signaling robust buying activity 📊.
A retest of the broken resistance as a new support level will add confidence to the move ✅.
Be cautious of fake breakouts, such as sharp reversals or wicks above the trendline ⚠️.
Risk management strategies:
Set stop-loss orders to protect against unexpected reversals 🔒.
Ensure your position sizing aligns with your overall trading plan 🎯.
This analysis is for educational purposes only and is not financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions.
SOL/BTC Cycle Analysis: Patience is Key Market Sentiment
If everyone is expecting a bull market , prepare for a bear. If people think prices are going lower, it might be time to buy.
SOL/BTC Chart Breakdown
- SOL has shown strong recent performance, but don’t get tempted by its retrace.
- The 1-week cycle is still heading down toward 20.
- The best buying opportunity will come when the 3-day cycle (purple line) meets the 1-day cycle (blue line) below 20.
Today is Not the Right Time to Buy SOL.
Why Wait?
- A 16% retrace doesn’t mean it’s time to buy. Buying just because a token dropped from its top is not a solid strategy.
- The best returns come when you buy during the 3-day or 1-week cycle dips below 20.
Expectations
- The daily cycle has reversed, showing some upside, but...
- The 3-day and 1-week cycles are still falling, signaling more consolidation time.
- A big run is unlikely to start in the next few days.
Be Patient. Wait for the Best Opportunity.
#SOL #Crypto #Trading #CyclesAnalysis
#SOL/USDT#SOL
The price is moving in a descending channel on a 30-minute frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 218
Entry price 221
First target 225
Second target 230
Third target 235
SOL / USDT :approaching trendline resistance, expecting breakoutSOL/USDT is nearing a critical trendline resistance level. The price has been consolidating recently, setting the stage for a potential breakout. If the price successfully breaks above this resistance, it could trigger a significant bullish move.
Key Points:
* Trendline Resistance: SOL/USDT is approaching a key resistance level that has previously halted upward momentum.
* Volume Surge: A significant increase in trading volume during the breakout would confirm strong buying interest.
* Momentum Indicators: Positive trends in momentum indicators like RSI and MACD suggest bullish potential.
Confirming the Breakout:
* Clear Candle Close: A decisive 4-hour or daily candle close above the trendline is crucial.
* Volume Spike: A surge in trading volume during the breakout indicates strong buying pressure.
* Retest of Resistance: A retest of the broken resistance level as support strengthens the bullish case.
Risk Management:
* Stop-Loss Orders: Implement stop-loss orders to limit potential losses.
* Position Sizing: Adjust position size to align with your risk tolerance and overall trading strategy.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct thorough research before making investment decisions.
SOLUSDT Buy Zones HighlightedWith the possibility that the cryptocurrency market may not recover by year-end, I’ve lowered my buy positions significantly to reflect a more cautious approach in the current environment.
For SOLUSDT, the blue boxes on the chart mark key support zones where I plan to join as a buyer. These levels are strategically selected for their potential to act as strong support, offering a favorable entry with reduced risk.
Key Levels:
Buy Zones: Blue boxes on the chart
Risk Management: Stop loss placed just below the lower boundary of the final blue box
Target: Monitoring for a bounce and strength confirmation before setting upside targets
Patience and sound risk management are critical in these uncertain market conditions.
Disclaimer: This is not financial advice.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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sol usdt long futures"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
Solana (SOL/USD): Eyeing a Return to All-Time HighsSolana is in a critical phase, attempting to reclaim its all-time high (ATH) of $260 as it builds bullish momentum. With Bitcoin (BTC) stabilizing in the $92,000–$103,000 range, the broader crypto market is ripe for a rally, providing the perfect environment for SOL to break its ATH and target a new high of $400 by March 2025.
Key Factors for SOL’s Rally:
Bullish Momentum Curve:
December will be pivotal as Solana needs to form a steady, upward momentum curve. This means a series of higher highs and higher lows, with minimal volatility to maintain investor confidence.
Critical Support Levels:
$200: Key psychological and technical support. Staying above this level will signal strength and resilience.
$180 (Worst Case): If SOL drops to this level, it must find strong buying support to avoid breaking the bullish structure.
Resistance at $260:
The $260 ATH will be a critical barrier. A successful breakout here will not only confirm the bullish trend but could ignite a wave of buying that propels SOL toward its next target of $400.
Positive Scenario:
If SOL/USD continues to defend the $200–$180 range and Bitcoin remains stable, Solana can gain the momentum needed to break $260 by early 2025.
Once this level is breached, SOL could rally quickly, entering price discovery mode and targeting $400 by March 2025.
Risks and Challenges:
A failure to maintain support above $180 could lead to increased selling pressure, disrupting the bullish outlook.
Broader market volatility or BTC dropping below $92,000 might also hinder SOL’s progress.
Outlook for SOL Holders:
This December is crucial for Solana as it battles to establish a solid base and regain momentum. Holding above $200 while building a steady bullish curve will set the stage for SOL to not only reclaim its ATH of $260 but also push toward a new milestone of $400 by March 2025, marking a significant achievement for the ecosystem and its investors.
SOL pumping?🔼 Climb to $204.46: This level acts as a key resistance. A breakout above this confirms a bullish continuation.
🎯 Next Target at $364.43: After surpassing $204.46, the next profit target offers a 160% potential gain at $364.43.
🔴 Support Zone at $190: This level is currently holding as a strong support to prevent further downside.
⚠️ Downside Risk: Breaking below $190 could lead to a drop toward $138 or even $116.
✅ Buy Signal: If the price stabilizes above $204.46, it signals a bullish entry.
🚀 Profit Potential of 75%-160%: The chart suggests great upside opportunities if the upward trend continues.
📊 Summary: A breakout above $204 triggers a valid buy signal 🎉, but caution is needed if the price dips below $190 ⚡.
SOLANA NEXT STOP $300Solana has been outperforming ETH for a while now, not only on the charts and for investors but behind the scenes as well. Some simple price action coupled with the certainty retail traders have of SOL indicate a breakthrough of the ATH resistance, not to mention the bullish general market sentiment crypto has at the moment.
I would put SOL in the top 3 at the moment with good potential. If we do see confirmation of a breakthrough, there will obviously be some relief and a pull back and likely a retest of that key level which would now be acting as a support. This is where i would expect huge influx of liquidity from retail and commercial investors to further boost SOL on its upwards cycle towards my mid term target of $300 ($308 to be precise).
Where To Buy SOL MartyBoots here , I have been trading for 17 years and sharing my thoughts on SOL here.
SOL is looking very good here as it builds pressure before this next move up, very strong chart for more upside
Very similar to SUI which is up 30% + this week
Do not miss out on SOL as this is a great opportunity
Watch video for more details
Is Solana (SOL) Setting the Stage for a Historic All-Time High?Solana (SOL) Ignites a Bullish Fire: Is a New All-Time High Imminent?
Solana (SOL), a high-performance blockchain platform, has recently showcased remarkable bullish momentum, captivating the attention of both seasoned investors and crypto enthusiasts. With a significant portion of traders holding long positions, SOL appears poised to break out of its consolidation phase and potentially reach new all-time highs.
A Technical Analysis Deep Dive
A closer look at SOL's technical analysis reveals a compelling bullish narrative:
• Breaking the Bearish Trend: SOL has successfully broken out of a two-week descending trendline, signaling a shift in market sentiment. This bullish breakout has propelled the price towards its all-time high.
• Strong Demand Zone: The price's reaction to a previously identified demand zone has further fueled the bullish momentum. This indicates strong underlying buying pressure and a potential catalyst for further price appreciation.
• Key Resistance Level: The $251 level represents a crucial resistance zone. A successful breakout above this level could pave the way for a significant upside move, potentially towards the $300 or even $500 mark. However, a rejection at this level could lead to a temporary pullback or consolidation phase.
Why is SOL Attracting Bullish Sentiment?
Several factors are contributing to the bullish sentiment surrounding SOL:
• High Performance and Scalability: Solana's innovative proof-of-history consensus mechanism enables it to process a high volume of transactions at a low cost, making it a compelling choice for developers and users alike.
• Growing Ecosystem: The Solana ecosystem is rapidly expanding, with a growing number of decentralized applications (dApps) being built on the platform. This increased adoption and utility can drive demand for SOL tokens.
• Institutional Interest: Institutional investors are increasingly recognizing the potential of Solana and are allocating capital to the platform. This institutional interest can provide significant support to the price of SOL.
• Positive Market Sentiment: The overall bullish sentiment in the cryptocurrency market has also positively impacted SOL's price. As investor confidence grows, more capital is flowing into promising projects like Solana.
The Road Ahead for SOL
While the current bullish outlook for SOL is promising, it's important to remember that the cryptocurrency market is inherently volatile. Factors such as broader market trends, regulatory developments, and technological advancements can influence SOL's price.
Investors should conduct thorough research and consider their risk tolerance before investing in SOL or any other cryptocurrency. It's also advisable to diversify one's portfolio and avoid putting all eggs in one basket.
In conclusion, SOL's recent price action and strong technical indicators suggest a potential for significant upside. However, investors should remain cautious and monitor market developments closely. With a strong foundation, a growing ecosystem, and increasing institutional interest, SOL has the potential to continue its upward trajectory and deliver substantial returns to its holders.
Target between 950$ to 2397$ ! wow"The good days of altcoins have started recently, and the fourth most famous altcoin, Solana, has not been left out. Solana, which was once trading at $0.90, is now above $200. However, this is not the end, and based on the pattern it has formed and broken upwards, Solana's first target could be around $950, with higher targets reaching up to $2397. It could easily take Ethereum's place. Low fees and high transaction speed are some of the advantages of this cryptocurrency. Do you have it in your portfolio?"