Solana's price surge to $173 has sparked optimism among investors, with experts hinting at a potential rise to $200. The surge is driven by positive sentiment and upcoming upgrades, such as the Frankendancer upgrade. Syncracy Capital's co-founder Daniel Cheung expressed confidence in Solana's strength, highlighting its potential to reclaim $200. He also...
Traders,
As you know, I have restarted my signals subscription. My followers and I have done very well since the restart. But I don't want to forget about all of my TV followers. So, from time to time I do not mind throwing out a freebie.
Here's my case for going long Solana here to $300.
#1 - As indicated in the weekend video update, there are multiple...
The SOL/USD 1-day chart presents a complex technical picture, with both bullish and bearish signals vying for dominance. Let's delve deeper into the observed patterns:
Possible Bullish Pennant Transformation:
The analysis suggests the chart might be exhibiting a tight bullish pennant pattern. This pattern typically forms after a strong uptrend and indicates a...
Hello to all dear traders.
I am happy to be here and analyze cryptocurrencies for you. Based on my analysis, Solana looks like it needs further correction after the new price ceiling is fixed. The currency will move higher to reach the approximate price range of $200, due to the need to attract liquidity. Like Bitcoin, this currency will probably experience...
Solana ( CRYPTOCAP:SOL ) has experienced a drop in price due to renewed concerns over FTX liquidation, leading to a decrease in trading activity and a significant drop in open interest. The token, known for its high speed and low fees, has shown resilience amid the ongoing FTX bankruptcy. However, the price has dropped due to renewed concerns over FTX liquidation,...
We start the analysis of the potential futures with the white curve. This curve will eventually be bypassed and my first assessment is that it could be broken before the price MIGHT reach the triangle. After the bypass, significant support needs to be encountered in order for a bullish scenario to be validated or at least taken into consideration. For potential...
Solana needs no introduction as this coin has already proven to be on many people's popular lists. Besides its high-volume trading and great features, its technical analysis is also interesting. After Solana's upward wave finished, a corrective wave, a long one, started. Now, it seems the corrective wave has ended at 0.5 Fibonacci retracement. Also, the correction...
Solana_ X _ Right _ Prices_ Under _ U.S. Dollar, Trading _ Venue _ Coinbase.
Retest will hold within the key level of following prices before making higher level:
Retest = $157, $155.10 , $149.16 , $146.42.
Then expecting the following prices:
$165.61
$167.00
$167.64
$169.98
$170.90
$172.14
$174.82
$175.08
Distribution price:...
Since 2024 started SOL has been forming what seems to be a megaphone pattern while also respectively following the FIB layout as well. If this week closes and continues to rise above the current FIB level on the weekly chart, I am predicting it could run to around 280 if not to the next FIB level. This is not financial advice and as always, DYOR.
The Bat reversal Harmonic Pattern is forming which is going to take some time to mature as there is no divegence. Possible PRZ is 122 to 124 level so add solana in the watchlist for possible trend reversal or trade the bearish trend accordingly due to no divergence.
SOL is currently exhibiting signs of bearish continuation after failing to break above key resistance. We see a possible double bottom forming around the current price level, indicating a potential test of support at $115.
Price action has been consolidating after a recent decline, potentially forming a double bottom pattern.
Fibonacci retracement levels (not...
Momentum still looking bullish.
We are approaching the resistance area of $162 which is a confluence resistance area with the 50 day moving average.
RSI trending upwards.
Stochastic RSI bullish crossover
Bollinger bands squeezing indicating a big imminent move and most likely upwards
We have mapped out two predicted upside targets, in yellow and purple bars.
$SOLANA is getting ready for another bullish leg, It's showing a reversal pattern and I'm positive in the next few weeks we will see an incredibly bullish move
My previous analysis assuming $60 turned out to be wrong and $80 was reached instead. The waves turned out to be true, but the volume was wrong.
Many other analyzes say a further rise, I don't think that SOL will behave in the opposite way.
