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SOLUSD trade ideas

What should we do with $SOLCRYPTOCAP:SOL has now completely completed its correction after possibly 3x an upward wave. Together with the correction and bull flag resistance was found on the demand zone. I also expect a definitive breakout for the bull flag and a retest from this. After this, we may be ready for an attack on a new ATH. Although Bitcoin may make a small correction, I don't think CRYPTOCAP:SOL will really respond to this. Always be careful with your trade. Be kind to the world and each other.
BINANCE:SOLUSDLong
by RidgerR
10
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
COINBASE:SOLUSDLong
by TheStrategyMaster
7
SOLANA // idea for both directionsThe daily short countertrend is valid, and the market has reached the correction fibo 50 level. The question is: will it reach 61.8? If the market can significantly break the last clear H4 breakout significantly, it may have a chance. If it turns up, and there is a significant (trigger) candle in the long trigger zone, my target is the weekly target fibo 200. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
COINBASE:SOLUSDShort
by TheMarketFlow
6
SOLANA/USD Technical Analysis: Clear Upside Potential To start our TA here let's look at the Weekly Chart. We can see on first look that Solana is at it's all time high for the first time since November 2021 (3 years). It hit a low of $8 in December 2022 (man don't we all feel dumb!?) 🙂 Zooming in to the Daily Chart, we take a look at the 200 day MA. I bring this up now as you'll find me look at it a lot. My hypothesis (which I may have learned elsewhere), is if an asset (especially a crypto asset) is above it's 200-day Moving Average (meaning the current price is higher than the average of the last 200 days), then we are in a Bull Market. The opposite is also true. If we spend significant time below the 200-day and we bounce off of it, we are in a Bear Market. As seen on the chart. What is critical when we cross the line, is that when we retest it, we bounce. You don't want to use this as an immediate rule, as in many cases you can find assets cross below their 200-day. If you are confident in market conditions, this can be an optimal buying or selling opportunity depending on your bet (Buying in a bull market, selling in a bear market). Zooming in further on the chart, we see the most recent consolidation phase for Solana. It is critical when analyzing charts to recognize the different shapes and be able to draw them and understand what they could mean. This is not a foolproof strategy, but a highly probable hypothesis that you can use to try to predict the next move. Use other signals and indicators to test your hypothesis to potentially increase its likelihood, or invalidate it. We are being purely objective. This pattern is clearly a Bullish Pennant Pattern which can be found: reddit.com/media?url=https://i.redd.it/8nrgx1pmbot51.jpg Zooming in even further on the 1 hour chart we note that Solana just peaked over the previous all-time high (ATH) of $260.00 and hit $264.63. It was rejected off of that level, leading to fear. Many people bought the top thinking it would just blast off. Things don't work that way. ATH is a strong resistance and requires significant effort and reason to beat, especially for a top 10 Market Cap coin. So we look at a few indicators to understand what could happen next without making any rash decisions. The first thing I notice is the significant BUY VOLUME as noted by the tall green bars at the bottom of the chart. Secondly, we have a Bullish Falling Wedge Pattern that has printed and now broken out with strong buy volume confirmation. Third, it just so happened that on December 3rd, 2024, the NYSE and Grayscale filed for a Solana ETF with the SEC. Notice how we use multiple data points to help support our hypothesis for a continued uptrend. Knowing the current bullish environment, and what we've seen so far. The most likely scenario is a continued uptrend and a breakout from the ATH. Once the ETF is approved and on the market, institiutional buying could lead to parabolic moves. This is not investment advice. This is objective analysis. Do what you will with the shared data points and please go confirm them for yourself. 🙂 It doesn't stop there. One of the best indicators which is usually overlooked by newer traders is the SOL/BTC pairing. For all cryptos, there is a BTC pairing because BTC is the reserve currency. If we look at the BTC chart on the Daily time scale, we immediately notice the Symmetrical Triangle that has been forming since November of 2023, tightening up to February of 2025. Given all we know, and Bitcoins recent resurgence and ATH nearly touching 100k, this may be another data point that helps support our hypothesis of a continued uptrend in the price of Solana over time. HOWEVER, the symmetrical triangle has an equal chance of going up or down, so we can only be sure a significant move against BTC is imminent, but not the direction. With this in mind, we need to consider the scenarios where the BTC pairing could go up or down as it is more dynamic than a standard BTC pairing. For example, if BTC were to move up, while SOL remained the same, the BTC pairing would go down, even if the USD value did not change. The opposite is also true. Three things give me a more likely BEAR case for SOL vs BTC: 1. The fib extension has maxed out to the 4.236 level, BUT it also has corrected (slightly), so if this is all that it will correct, the BULL case is actually stronger should it make an upward move. 2. If the move is upward, it won't be without resistance. The top line shows the ATH in September 2021. This will be met with resistance before it can make a move up and find new highs. 3. Zooming out shows an "A-B" of what would usually be an "A-B-C" correction, if you follow Elliot Wave Theory (which I do). This makes me concerned that a massive move down is likely. Elliot Wave Theory (EWT) is generally useful but I do find it is not 100% foolproof and should only be a data point. Still, the C-wave correction is very common and may lead us back to the support line shown. Finally, if you remember from above the 200-day MA, this also exists on the BTC pairing. In just the last few days we had a drop in the price of SOL. This drop went below the 200-day MA. This could have been scary for many who track the MA, if they didn't look for the other signs. Transparently, I bought here. tripled down actually. Started when it touched the line, and then kept buying until I couldn't. I didn't get the bottom of the move, but I tracked a support line at $210 USD which is where I'd consider stopping out of my position if it went lower than that. For now, we look at this move below the BTC 200-day and notice the following: 1, A Falling Wedge pattern which you saw in a previously above. 2. The lower white line is also the bottom of the Symmetrical Triangle shown above. 3. The attempted dump led to a massive bounce with significant green volume candles, pushing it back over the BTC 200-day in just a few hours. This was helped by the ETF announcement (but do you believe in coincidences?) - I love seeing this confluence with reality and wonder if it is intentional. One could argue that lower line below the 200-day was a prime buying opportunity IF the move is upward from here, which the fundamentals and multiple analysis data points I've shared here support. THIS WAS A FAKE OUT THEN BREAK OUT. But will it continue? We are breaking over the 200 day MA again WITH VOLUME which is an excellent sign. So what do you do if you want to get a piece of the action and limit your risk at the same time? Don't just go all in on Solana, because risk is REAL in the markets no matter how much analysis we do. A good strategy is to get a small position, and then try to cost average as the price declines. We saw a retrace of the move, and in beautiful CONFLUENCE, we see a bounce off of the 618 retracement at the exact same line as the falling wedge. Will that hold? Will we go lower? Or is it up from here? Only time can tell... MANAGE YOUR RISK. Thanks for reading and be safe out there! This is for informational purposes only and not a suggestion or recommendation to buy or sell any asset or otherwise. You are responsible for your own decisions no matter where you get information. Never invest if you can't afford it and consider all investing gambling. - Shadowfigure
COINBASE:SOLUSDLong
by Shadowfigure
21
SOLUSD – Bounce or Breakdown? Time to ChooseCurrently trading at 204.52, Solana’s sitting just above a key white box support zone between 193–203, which is shaping up as a strong bounce location. The upward trendline remains intact, keeping the bull thesis alive, but here’s the deal: lose support at 193, and things could get ugly fast. That 193 area aligns perfectly with the 0.236 Fibonacci retracement, making it a do-or-die level for the short-term bulls. Right now, the setup is giving double-top vibes, and we need to see strength here. A breakout and close above the weekly ATH is the green light we’ve all been waiting for. Stay focused—SOL still has the fundamentals: a thriving ecosystem, killer tech, loads of users, and insanely low costs. Long-term, the outlook is solid as the blockchain itself. 🌱 But let’s not sugarcoat it—if we break 193, brace for impact. Expect aggressive downward pressure, with price likely testing the trendline and possibly wicking down to 157 (the 0.382 Fib retracement). That’s where buyers could step back in. TL;DR: Support: 193–203 (white box, 0.236 Fib). Resistance: Weekly ATH needs snapping for continuation. Bear Scenario: Below 193 → pressure to trendline, potential wicks to 157. Bull Target: 411 long-term with an R:R of 5.4. The uptrend is alive, but this is where SOL needs to show it’s got legs. Don’t sleep on the bounce, but manage your risk—because if it breaks, the fallout could be real. Keep your stops tight and your conviction tighter. 🧠📈
CRYPTO:SOLUSD
by chartzard1337
2
SOLANA Are you ready for $385?Solana / SOLUSD has been underperforming since the November 22nd High, breaking even under the 1day MA50. Even though this is not ideal (especially compared to the gains that Bitcoin shows), it isn't a situation that SOL hasn't faced before. As you see it is repeating the post Channel Down correction of July-August 2023, which also crossed under the 1day MA50 but then recovered and rebounded to the 2.0 Fibonacci extension and beyond. Buy and target $385. Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTO:SOLUSDLong
by TheCryptagon
1
What I Expect Through The New Year Absent A Government Shutdown.Traders, minus a government shutdown, I do expect another altcoin pump. However, the possibility of a shutdown is throwing a big wrench into my thesis. We'll talk about how price action would look in both scenarios as well as discuss the new crypto cycle rotation. You should get to know this new rotation to remain most successful in your trading. As always, we'll start with the DXY, VIX, SPY, and NVDA and discuss future direction and what it means for our crypto space.
COINBASE:SOLUSD
by stewdamus
2
SOLANA // Will the correction reach 61.8?The daily short countertrend is valid, and the market has reached the correction fibo 50 level. The question is: will it reach 61.8? If the market can significantly break the last clear H4 breakout, it may have a chance. If it turns up, and there is a significant (trigger) candle in the long trigger zone, my target is the weekly target fibo 200. ——— Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
COINBASE:SOLUSD
by TheMarketFlow
3
$SOL Breakout could be soon, 3 Opportunities SOL Has been consolidating since Mid-December, and now it could be gearing up for a bullish continuation to the upside. I have provided three potential paths for the chart, red being most degenerate, and green being the best long opportunity in my eyes. If SOL was to retest the range lows, it would be a beautiful setup for a long, but I don't think it is likely to happen, nor do I expect the red path to happen. Yellow, a breakout and retest of the current channel, would set us up well in the macro timeframe, with a potential scalp short when we near the POC at $240.3 USD Key Points: - 50D SMA- SOL is pushing to reclaim the 50D SMA, ~$228, if it gets to $228 I think one could go long with a stop loss at $223 - 100D SMA- $233, given the momentum on the short term, I think if SOL reclaims the 50D, it is likely to take the 100 as well as potentially push to range highs near $263 with a potential short scalp at the POC @$237.2 NFA DYOR Let me know your thoughts
COINBASE:SOLUSD
by httpz
1
Is Solana entering bearish mode? Let's find out!After marking itself as one of the top chains, Solana has gained huge attention, which has now become the home for developers too. This has made the investors more confident and optimistic about the SOL price. As per some data, Solana’s long-term asset retention rates have increased notably. With this, the market participants now expect a significant rise in the token’s value in the months ahead.  The SOL price is holding one of the pivotal levels around $216 as support, which has offered a strong base throughout the past week. Although the bulls are trying to keep up the rally, the growing upward pressure is weakening them. Hence, defending these levels could be extremely crucial, which may help the tokens to close the yearly trade on a bullish note.  In the larger timeframe, the SOL price has completed a massive cup & handle pattern and also a retest after breaking the neckline. Therefore, now it appears to be pretty obvious that the token may now trigger a strong rebound. However, the drop in the buying pressure, as indicated by MACD, raises some concerns as the volume has also dropped to some extent. Moreover, the levels display a potential bearish crossover, which could worsen the SOL price rally by dragging it below the crucial support.  On the other hand, the +Di & -Di of DMI were heading towards a bearish crossover, but both have halted and are trying for a bullish reversal. Besides, the ADX, which records the strength of the rally, is rising. Therefore, the price is believed to hold support at $216 and trigger a rebound, which could pave the way for a new ATH above $400. In case of a failure, then the Solana (SOL) is feared to drop below $200, which is unlikely with the growing bullish sentiments within the markets. 
WHITEBIT:SOLUSD
by paul_endeo
1
SOLANA BULL FLAG BULLISH MOMENTUM!!!!The Solana (SOL/USD) chart shows a Bullish Flag pattern, which is a continuation signal that forms after a strong upward move (flagpole) followed by a short period of consolidation in a downward-sloping channel (flag). The yellow trendlines mark this consolidation area, and if the price breaks out above the resistance line, there's a solid chance for a big move up. The target is calculated based on the length of the flagpole, with a potential gain of 58.68%, aiming for around $311.17 (Fibonacci 161.80%). If the bullish momentum continues, the next target is $366.55 (Fibonacci 224.00%). The green zone highlights the reward potential, while the stop-loss at $182.64 limits risk to 6.62%, giving a solid risk-to-reward setup. With the main trend still bullish and strong support near $195.59, a breakout could signal the continuation of Solana's uptrend. 🚀 #Solana #BullishFlag #CryptoAnalysis #SOLUSD #Trading
COINBASE:SOLUSDLong
by anandahaidarr
SOLANA TO DUMP?Just a quick & simple update for SOL. I have a few of my entry criteria being met for a trend change short opportunity on Solana. On the daily time frame you can clearly see the crossover of the SMA's (1) The market has pulled back to retest the crossover price area which also lines up with the %61.8 fib retracement level which is additional confirmation for me the trend is changing, coupled with continuous LH's & LL's. I would look to target the $180 price for a target which also lines up with the %61.8 target projected by the Fib. Lets see how it plays out around the current level, if BTC continues to consolidate and looks bearish and all the resistance levels continue to reject on SOL then i'll look for entry on this providing there is confluence on entry criteria. Potential 30% to be made, all eyes on XRP, SOL & BTC for the moment. Don't forget how BTC pans out will have a lot to do with all the Alts, so if BTC pumps it'll void this trade idea as SOL is highly correlated.
COINBASE:SOLUSDShort
by h77nry
1
Solana touched $204 and will now target $375Traders, In my previous post on Solana I explained the significance of that blue trendline. When Solana was at $260, I observed that while BTC consolidates with sideways price action, Solana could drop to $204 (pink horizontal support). It did that. In fact, we hit that price several times and so far that support has held. I have now taken a long position and will be targeting $375. on SOL. Here's my quick thesis. First of all, you will notice that inverse head and shoulders pattern. While it hasn't completed yet, nor confirmed, I highly suspect the pattern will play out. There are several reasons why this could be the case. Number one. The rotation of alts is different this year. In case you haven't observed this yet, it goes something like this: Bitcoin pumps either slightly before or sometimes simultaneously with Solana and Solana based meme coins. Often, Solana based memecoins, especially AI genned mcs, are even ahead of Solana and Bitcoin. I have started to observe this recently while looking at my Solana mc list. Many of the Sol AI genned mcs were up yesterday and today. Now, maybe I got lucky and just picked all the right coins to add to my list, but I don't think so. One of my mcs was up almost 900% today at it's peak. That was DEVIN. I am so stoked 'cuz I hold a huge bag in that one. Anyways, I think this is giving me my first hint that the pump rotation is just about to begin again before Christmas. It often starts with SOL based AI mcs first, then other mcs like the OG cats, dogs, and frogs, etc. Then we hit the dex's like Jupiter, Ray, GUAC, Orca, etc. Then you'll see SOL start (maybe in conjunction with BTC). Next you'll start to see other chain based mcs pump along with AI coins like FET, TNSR, AIOZ, NEAR, etc. Last but not least, you'll see the OG Boomer ALTS pump to finish it up. My suspicion is that we get one more round of something like this before Christmas. I could be wrong but so far, my record speaks for itself here so be prepared for this. ✌️ Stew.
COINBASE:SOLUSDLong
by stewdamus
2
SOL/USD: Will Solana Blast to $400 or Dive to $70?Hey Mindbloome Family, let’s talk about Solana—it’s at an important spot right now. Here’s how I see it playing out: If Solana gets to $202, it could really take off and head for $400 or more. If it dips to $155–$160, there’s still a chance it bounces back from there. But if $155 doesn’t hold, we might see a deeper drop to $65–$70. Wellness Tip: Remember, it’s not just about trading—taking a short break or stepping outside for some fresh air can help you stay sharp and focused. If you’ve got questions or want to chat more about this setup or trading in general, check out my profile or send me a DM. I’m here to help and share what I’ve learned. Kris/Mindbloome Exchange Trade What You See
KRAKEN:SOLUSD
by Mindbloome-Trading