$SOL Price is in an uptrend but after reaching $200 resistance, it got very overbought (RSI ~ 85). Hence, near-term, we’re likely to see it pause here on some profit taking. We would patiently wait for a pullback opportunity for a swing trade entry in Uptrend. (set a price alert).
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance Nearest Support Zone is $158 (previous resistance), then $140. The nearest Resistance Zone is $180, which it broke, then $200.
What do you think about?
Comment and Subscribe so you don't miss any news about solana.

$BONK $BOME

Solana (SOL) technical analysis:

Trade setup: Bullish break above $125 resistance, where it got rejected in late Dec 2023, signals continuation of Uptrend with +12% upside potential to $140 near-term and +28% to $158 mid-term. Stop Loss (SL) at $115. (set a price alert).

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance Nearest Support Zone is $100 (previous resistance), then $80. The nearest Resistance Zone is $125, which it broke, then $140 and $158.

Good moments for $SOL

BlackRock's recent moves in the cryptocurrency market, as the investment giant withdrew 11,500 $BTC from the supply within just two days. The approach of buying the dip reflects confidence in the value of Bitcoin.
BlackRock's acquisition removed 11,500 BTC from the system in just two days, equivalent to roughly 13 days of the usual daily supply. The impact of BlackRock's iShares Bitcoin Trust (IBIT) was scrutinized. Despite managing only 25% of the volume over two days, when factoring in the influence of GBTC, an estimated 46,000 BTC may have been withdrawn. This suggests a potential signal of an impending supply crunch.
Assuming a sustained pace of 23,000 BTC per day; the supply consumption is approximately 25.56 times the daily production consumed by US ETFs alone, pointing towards a severe supply crunch on the horizon. If the ongoing trend of institutional accumulation continues, the market could be on the brink of an extreme supply crunch.
If the market is on the brink of an extreme supply crisis, it inevitably indicates a short-term rise in the price of Bitcoin 📈

#bitcoin #btc #BTC-ETF #Solana-SOL #solananews $SOL

It's arriving!
Soon the lines will cross again and it will be the opportunity to buy $SOL
We are entering in a buying zone. 📈
What do you think about?

Thanks for following! 😊
It's free! 🔝

Google bard prediction for Solana in 2024:
Analysts expect the price to continue to increase throughout 2024, reaching a high of $244.72. by the end of the year. 📈
Of course, it is important to keep in mind that the cryptocurrency market is very volatile. The price of SOL could be affected by a number of factors, including economic, political, and technological factors.
However, based on current trends, I believe that Solana has good growth potential in 2024.
Here are some specific factors that could contribute to the growth of the SOL price in 2024:
The widespread adoption of DeFi and other blockchain-based projects.The launch of new applications and services on the Solana platform.The increasing adoption of Solana by financial institutions.
If these factors are met, it is possible that SOL could reach a price of $300 or more by the end of 2024. However, it is important to remember that the cryptocurrency market is very volatile and that the price of any cryptocurrency asset can fluctuate considerably.
In summary, my prediction for the price of Solana in 2024 is as follows:
Minimum price: $200Maximum price: $300Average price: $250

What do tou think about? 🤔
Feel free to comment ✏

As you can see in the graph, the lines are about to cross. $SOL is moving from the sales area to a new buying area.📈
Take advantage before it's too late!
It's time for Solana! 🚀

If you find this article interesting. Subscribe! 😊
It's free! 🆓

#Solana-SOL #BONK💵 #solana #sol $BONK

$SOL Now it’s consolidating in a Bullish Flag pattern 📈. Whith an important support zone near $85.
Swing Traders: can trade between the Flag trendlines, enter near $80-$85 support and exit near $100 resistance.
Stop Loss (SL) level at $75. ⚠️
Trend Traders: wait for a breakout from the Flag pattern, above $105, with upside potential back to $125 medium-term. (set a price alert). 🔝

Thanks for following! 😊

#sol #solana #Solana-SOL #solanasupport #bonk $BONK

It's time to stake Solana. Take advantage of the current prices and the 9.9% that Solona staking offers you for 120 days.

Not only will you see your amount of $SOL increased, but a strong revaluation is expected in the coming weeks 📈

#SOL #Solana-SOL #BONK #Solanastaking $BONK #BinanceEarn