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Weekly SOLANA Chart indicating BULLRUN soon! Fellow Solana Investors, Please comment your thoughts on my analysis I've been watching the Solana price and I'm noticing that on the Weekly chart, SOL is showing upcoming bullish confluence between the RSI/RSI-MA14 and the MACD crossing the Signal Line (above the histogram - which is bullish). Also, the price actions of Solana seems to follow previous patterns of past bullish and bearish runs of the market over the last year. The current price action and indicators appear to show a possible break of the top resistance trendline. Which, to me would indicates an upcoming bullrun, expesially if it breaks that top trendline which could result in a new leg up to a new ATH (All Time High) for Solana. I don't follow Bitcoin as much, but bitcoin is about to breaks it's own top trendline, since solana follows footsteps with BTC price action pretty well.
KRAKEN:SOLUSD
by RichRangatang
7
SOLUSD: An alternative countI am looking at this alternative count since it answers two questions. First, the very first day price action back in April 2020 and the following structure looks to be a 3 wave structure that throws off the entire sequence until the top in Nov 2021. So, if we go with that as a 3 wave structure, it starts to make sense. The second question is the matter of supply. Sol is inflationary and we have seen how it can be manipulated form FTX case and LUNA case. The chain is highly hack prone and very centralized. So, nothing is stopping it from creating unlimited supply for any reason, crushing the price. Not saying that will be the case, but it is still a non-zero probability. Keeping that in mind, the short to midterm might be the biggest pump incoming for the price. While other assets might be struggling to make new highs or gearing up for wave 2, Sol might go the opposite way to the moon. If that happens, then this alternate count probability will become my primary count. The targets will still be somewhere in Jupiter....before crushing back down to earth.
BINANCE:SOLUSDLong
by mukit1
2
Solana- Back to 160After briefly dipping below the crucial 120 support level, Solana managed to recover some of its losses from the recent high of 190, climbing back up to 160. At this point, it encountered strong resistance, and after the second attempt to breach this level, the price started to decline again. However, the drop was swiftly halted at the 120 support zone, and the price has since consolidated above this level. At the time of writing, Solana is trading at 135, just below the local resistance in the 137 zone. A breakout above this resistance could set the stage for a move back towards the 160 level. I remain bullish on Solana as long as the 120 support holds firm.
COINBASE:SOLUSDLong
by Mihai_Iacob
4
SOLUSD: Ready to breakout parabolically.Solana just turned bullish on its 1D timeframe (RSI = 58.732, MACD = 1.506, ADX = 22.317) but remains neutral on the 1W (RSI = 51.934, MACD = 6.162, ADX = 25.249) which underlines its undervalued nature. Since the August low, the price has held the 1W MA50, cementing it as Support and appears to be ready for a breakout. This breakout can be a parabolic one, same as the one that emerged on December 21 2020. This was the bullish wave of SOL's historic Channel Up pattern and it came when the 1W RSI rebounded on the pressure zone. This is exactly where the price sits today. Even though that would catapult its market cap and high adoption is needed behind it (along with other fundamental catalysts), technically if those conditions emerge, we can see Solana making a new HH on its Channel Up, TP = 5,000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:SOLUSDLong
by InvestingScope
2
SOLANA - Double Top or ready to breakout?Solana, the coin that has performed best against Bitcoin so far, is at a critical level, right now I do the same reasoning as I did on BTC, I observe only for the simple reason that you don't buy under the major resistance, you wait for the Breakout + retest or you wait for a nice support, in this case the long-term reversal points are clear and the first important support I see is very Lower than where the price is now, it's time to use the best of a trader's virtues which is patience
CRYPTO:SOLUSD
by MC_Capital_