Solana
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#SOLUSDT | DAILY TIMEFRAME UPDATE
On November 12, I published an analysis for #Solana (SOL). However, the price did not reach the zone I highlighted in my previous analysis.
Here is the updated plan for Solana:
If you're looking to buy #SOL at a discounted level based on the daily chart, consider waiting for the price to fall within the $199.80 - $183.30 range. Once the price enters this zone, look for confirmation on the 1-hour time frame before making a decision.
Once the price enters the grey area and provides confirmation, I'll share the targets. ✅
If the price drops below $154, the setup will be invalidated. ❌
$SOL
On November 12, I published an analysis for #Solana (SOL). However, the price did not reach the zone I highlighted in my previous analysis.
Here is the updated plan for Solana:
If you're looking to buy #SOL at a discounted level based on the daily chart, consider waiting for the price to fall within the $199.80 - $183.30 range. Once the price enters this zone, look for confirmation on the 1-hour time frame before making a decision.
Once the price enters the grey area and provides confirmation, I'll share the targets. ✅
If the price drops below $154, the setup will be invalidated. ❌
$SOL
#SOLUSDT | DAILY TIMEFRAME UPDATE
The plan for #SOL is straightforward:
I’m waiting for the price to enter the $190.31 - $176.33 zone. Once it does, we’ll look for confirmation signals to enter a LONG position.
Here’s a quick educational insight behind this analysis:
The targeted zone is in the discount area, which contains both a Fair Value Gap (FVG) and a breaker block, with the breaker block sitting around $184. When the price reaches this zone, we’ll look for further confirmation before opening a LONG position.
Once the price enters the grey area and provides confirmation, I'll share the targets. ✅
If the price drops below $154.20, the setup will be invalidated. ❌
$SOL
The plan for #SOL is straightforward:
I’m waiting for the price to enter the $190.31 - $176.33 zone. Once it does, we’ll look for confirmation signals to enter a LONG position.
Here’s a quick educational insight behind this analysis:
The targeted zone is in the discount area, which contains both a Fair Value Gap (FVG) and a breaker block, with the breaker block sitting around $184. When the price reaches this zone, we’ll look for further confirmation before opening a LONG position.
Once the price enters the grey area and provides confirmation, I'll share the targets. ✅
If the price drops below $154.20, the setup will be invalidated. ❌
$SOL
Isreal Galimba Gaa4:
yes yes
Solana's Price Action Hints at a Brief Decline Amid Rising Wedge Formation
$SOL , one of the leading blockchain platforms, has been making headlines for its impressive rally in recent weeks. However, market analysts are pointing to a potentially bearish signal on the horizon: a rising wedge pattern that could indicate a short-term decline in SOL's price.
What is the Rising Wedge Pattern?
The rising wedge is a technical analysis pattern that often signals a reversal in an upward trend. Characterized by converging trendlines, this formation suggests that while the price may continue to climb initially, a breakdown is likely when support is breached.
For Solana, this pattern has been evident in recent price movements, sparking concerns among traders and investors.
Key Technical Indicators:
Support & Resistance Levels: The upper trendline has served as resistance, while the lower trendline supports SOL's upward movement. A break below the support line could lead to a decline.RSI Divergence: Solana's Relative Strength Index (RSI) is showing signs of bearish divergence, hinting at weakening bullish momentum.Potential Price Targets: Analysts suggest that if SOL breaches the support level, it could experience a pullback to the $40–$42 range, aligning with historical support zones.
Macro Factors to Watch:
Despite this short-term bearish outlook, Solana's fundamentals remain strong. The blockchain continues to gain traction with its focus on scalability, low fees, and an expanding ecosystem of decentralized applications (dApps). Long-term investors may view any potential dip as a buying opportunity.
While the rising wedge pattern points to a possible short-term decline for Solana, it’s essential for traders to monitor key support levels and macroeconomic factors. For now, caution is advised, but SOL's long-term trajectory remains promising.
What’s your take on Solana’s current price action? Let us know in the comments!
#Solana #PricePrediction #Solana-SOL
What is the Rising Wedge Pattern?
The rising wedge is a technical analysis pattern that often signals a reversal in an upward trend. Characterized by converging trendlines, this formation suggests that while the price may continue to climb initially, a breakdown is likely when support is breached.
For Solana, this pattern has been evident in recent price movements, sparking concerns among traders and investors.
Key Technical Indicators:
Support & Resistance Levels: The upper trendline has served as resistance, while the lower trendline supports SOL's upward movement. A break below the support line could lead to a decline.RSI Divergence: Solana's Relative Strength Index (RSI) is showing signs of bearish divergence, hinting at weakening bullish momentum.Potential Price Targets: Analysts suggest that if SOL breaches the support level, it could experience a pullback to the $40–$42 range, aligning with historical support zones.
Macro Factors to Watch:
Despite this short-term bearish outlook, Solana's fundamentals remain strong. The blockchain continues to gain traction with its focus on scalability, low fees, and an expanding ecosystem of decentralized applications (dApps). Long-term investors may view any potential dip as a buying opportunity.
While the rising wedge pattern points to a possible short-term decline for Solana, it’s essential for traders to monitor key support levels and macroeconomic factors. For now, caution is advised, but SOL's long-term trajectory remains promising.
What’s your take on Solana’s current price action? Let us know in the comments!
#Solana #PricePrediction #Solana-SOL
#Solana $SOL : Pullback or Rally to $260?
Current Price: $237.88 (+15% in the last week). While Solana has seen strong gains, technical indicators suggest a possible
pullback before targeting its next high.
Key Signals
Rising Wedge Pattern:
A bearish formation on the 4-hour chart indicates a potential
reversal. Breaking below support could lead to a dip.
Money Flow Index (MFI):
Currently trending down, suggesting increased selling pressure.
Price Outlook
Support: $205.12 – A break below the wedge could test this
level.
Resistance: $239.56 – Surpassing this could ignite a rally to
$260 and a new all-time high.
Conclusion:
A pullback might precede the next big move. Watch critical levels for confirmation. Will SOL bounce or retreat?
#Solana_Blockchain #SOLMarketMove #Write2Earn!
Current Price: $237.88 (+15% in the last week). While Solana has seen strong gains, technical indicators suggest a possible
pullback before targeting its next high.
Key Signals
Rising Wedge Pattern:
A bearish formation on the 4-hour chart indicates a potential
reversal. Breaking below support could lead to a dip.
Money Flow Index (MFI):
Currently trending down, suggesting increased selling pressure.
Price Outlook
Support: $205.12 – A break below the wedge could test this
level.
Resistance: $239.56 – Surpassing this could ignite a rally to
$260 and a new all-time high.
Conclusion:
A pullback might precede the next big move. Watch critical levels for confirmation. Will SOL bounce or retreat?
#Solana_Blockchain #SOLMarketMove #Write2Earn!
SOLANA ( SOL ) Long Term Outlook: Promising Grown Ahead
Solana's long-term chart shows a promising structure, indicating potential growth to $400-$1,100 in this cycle. However, a Wave 4 correction is forming, with crucial support levels between $159-$189.
Key Levels:
- Support: $159-$189
- Resistance: $380-$490 (Fibonacci levels)
- Short-term targets: $400-$1,100
- Long-term potential: $4,000+
Insights:
- Maintaining support above $159-$189 is crucial for bullish momentum.
- Overcoming $380-$490 resistance could trigger a significant rally.
- Future cycles may see exponential growth beyond $4,000.
While short-term risks exist, Solana's long-term prospects look promising. Keep an eye on key levels for potential buying opportunities.
#Solana #SOL #CryptoOutlook2024 $SOL #memecoin #DeSciRising
Key Levels:
- Support: $159-$189
- Resistance: $380-$490 (Fibonacci levels)
- Short-term targets: $400-$1,100
- Long-term potential: $4,000+
Insights:
- Maintaining support above $159-$189 is crucial for bullish momentum.
- Overcoming $380-$490 resistance could trigger a significant rally.
- Future cycles may see exponential growth beyond $4,000.
While short-term risks exist, Solana's long-term prospects look promising. Keep an eye on key levels for potential buying opportunities.
#Solana #SOL #CryptoOutlook2024 $SOL #memecoin #DeSciRising
INICIANTE:
mas já está em 200+ com certeza vai pra mais de 250+
🔥 Why Everyone’s Talking About $SOL – The Speed King of Crypto! ⚡
$SOL (Solana) is one of the fastest-growing blockchains out there, and for a good reason. Its blazing transaction speeds and low fees are making it a favorite for developers building NFTs, DeFi projects, and Web3 apps.
🌟 Did you know? $SOL can process over 65,000 transactions per second, making it one of the fastest blockchains in the world. That’s why it’s often called the Ethereum killer!
But Solana isn’t stopping there. With constant network upgrades and an expanding ecosystem, SOL could be the go-to choice for mass adoption.
What’s next for SOL? With partnerships and projects growing every day, the future looks bright. Don’t sleep on this one!
#Solana #Web3 #Crypto #Binance #DeFi
$SOL (Solana) is one of the fastest-growing blockchains out there, and for a good reason. Its blazing transaction speeds and low fees are making it a favorite for developers building NFTs, DeFi projects, and Web3 apps.
🌟 Did you know? $SOL can process over 65,000 transactions per second, making it one of the fastest blockchains in the world. That’s why it’s often called the Ethereum killer!
But Solana isn’t stopping there. With constant network upgrades and an expanding ecosystem, SOL could be the go-to choice for mass adoption.
What’s next for SOL? With partnerships and projects growing every day, the future looks bright. Don’t sleep on this one!
#Solana #Web3 #Crypto #Binance #DeFi
Is SUI on Track to Surpass SOL’s 2021 Historic Run? Key Insights Compared
Date: Tue, Nov 19, 2024, 05:33 AM GMT
In the cryptocurrency market, Solana (SOL) and Sui (SUI) stand out as major players in the layer-1 blockchain race. While Solana has already proven its potential with a groundbreaking 2021 run, Sui is now making waves with impressive growth this year. Both tokens have had a strong performance in 2024, with SUI leading the pack with a staggering 381% gain, compared to SOL's 138% surge.
Source: Coinmarketcap
SUI vs. SOL: A Comparison of Metrics
Prominent crypto analyst @CryptoBullet1 has broken down the numbers, offering an insightful comparison between SUI’s current growth and SOL’s 2021 historic rise. Here’s what the data reveals:
Source: @CryptoBullet1(X)
1.Market Cap Comparison
SUI’s Market Cap: At $10 billion, SUI is significantly larger than SOL was during its early 2021 growth phase, where SOL’s market cap was only $2.3 billion at a comparable point on the chart.Insight: SUI’s higher valuation signals strong investor confidence but also means it might face more resistance to exponential growth compared to SOL’s lighter structure back then.
2.Total Value Locked (TVL)
SUI’s TVL: $1.6 billion and growing fast.SOL’s TVL in 2021: Below $150 million at a similar stage in its chart.Insight: SUI is outpacing SOL in attracting decentralized finance (DeFi) activity, a critical metric of ecosystem strength and utility.
3.Impact of Bitcoin Dominance (BTC.D)
SOL in 2021: SOL’s price surge aligned with a 10% drop in Bitcoin dominance (BTC.D), indicating money flowing out of Bitcoin and into altcoins.SUI in 2024: SUI is defying the odds by rallying during a 5% increase in Bitcoin dominance, with its price climbing from $1 to $3.9.Insight: If Bitcoin dominance starts declining, SUI could potentially experience even stronger price momentum.
What Lies Ahead?
SUI has managed to carve its path while echoing elements of SOL’s 2021 run. Its ability to grow TVL faster and thrive despite rising Bitcoin dominance suggests strong underlying fundamentals. However, its higher market cap and the broader market conditions will ultimately determine whether it can truly outperform SOL’s legendary rise.
Final Thoughts
While SUI’s trajectory shows immense promise, cryptocurrency investments remain highly speculative and volatile. As always, do your due diligence and stay informed before making investment decisions.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#SUI #Solana
In the cryptocurrency market, Solana (SOL) and Sui (SUI) stand out as major players in the layer-1 blockchain race. While Solana has already proven its potential with a groundbreaking 2021 run, Sui is now making waves with impressive growth this year. Both tokens have had a strong performance in 2024, with SUI leading the pack with a staggering 381% gain, compared to SOL's 138% surge.
Source: Coinmarketcap
SUI vs. SOL: A Comparison of Metrics
Prominent crypto analyst @CryptoBullet1 has broken down the numbers, offering an insightful comparison between SUI’s current growth and SOL’s 2021 historic rise. Here’s what the data reveals:
Source: @CryptoBullet1(X)
1.Market Cap Comparison
SUI’s Market Cap: At $10 billion, SUI is significantly larger than SOL was during its early 2021 growth phase, where SOL’s market cap was only $2.3 billion at a comparable point on the chart.Insight: SUI’s higher valuation signals strong investor confidence but also means it might face more resistance to exponential growth compared to SOL’s lighter structure back then.
2.Total Value Locked (TVL)
SUI’s TVL: $1.6 billion and growing fast.SOL’s TVL in 2021: Below $150 million at a similar stage in its chart.Insight: SUI is outpacing SOL in attracting decentralized finance (DeFi) activity, a critical metric of ecosystem strength and utility.
3.Impact of Bitcoin Dominance (BTC.D)
SOL in 2021: SOL’s price surge aligned with a 10% drop in Bitcoin dominance (BTC.D), indicating money flowing out of Bitcoin and into altcoins.SUI in 2024: SUI is defying the odds by rallying during a 5% increase in Bitcoin dominance, with its price climbing from $1 to $3.9.Insight: If Bitcoin dominance starts declining, SUI could potentially experience even stronger price momentum.
What Lies Ahead?
SUI has managed to carve its path while echoing elements of SOL’s 2021 run. Its ability to grow TVL faster and thrive despite rising Bitcoin dominance suggests strong underlying fundamentals. However, its higher market cap and the broader market conditions will ultimately determine whether it can truly outperform SOL’s legendary rise.
Final Thoughts
While SUI’s trajectory shows immense promise, cryptocurrency investments remain highly speculative and volatile. As always, do your due diligence and stay informed before making investment decisions.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#SUI #Solana
🚨 $SOL /USDT ALERT: Bullish Momentum – Enter NOW at 243.83! 🚨
Solana ($SOL ) is showing impressive recovery, trading at 243.83 with a +2.32% gain. The chart indicates a potential continuation of bullish momentum, offering traders an exciting opportunity!
💡 Key Targets to Watch:
Target 1: 247.50 – Testing the 24-hour high is the next step for the bulls.
Target 2: 255.00 – A breakout above could lead to significant buying pressure.
Target 3: 262.00 – Reaching this level could set a new weekly high for $SOL .
📉 Support Levels:
Support 1: 240.00 – A critical level to maintain the uptrend.
Support 2: 234.26 – The recent low serves as a strong base for further moves.
⚠️ Trade Setup:
Entry Point: 243.83 with a stop loss at 239.00 for risk management.
Watch for: A break above 247.50 to confirm the continuation of the bullish trend.
SOL is primed for action – keep it on your radar for potential gains!
#Solana #Crypto #Binance #TradingSignals #BinancePoolFractalBitcoin
Solana ($SOL ) is showing impressive recovery, trading at 243.83 with a +2.32% gain. The chart indicates a potential continuation of bullish momentum, offering traders an exciting opportunity!
💡 Key Targets to Watch:
Target 1: 247.50 – Testing the 24-hour high is the next step for the bulls.
Target 2: 255.00 – A breakout above could lead to significant buying pressure.
Target 3: 262.00 – Reaching this level could set a new weekly high for $SOL .
📉 Support Levels:
Support 1: 240.00 – A critical level to maintain the uptrend.
Support 2: 234.26 – The recent low serves as a strong base for further moves.
⚠️ Trade Setup:
Entry Point: 243.83 with a stop loss at 239.00 for risk management.
Watch for: A break above 247.50 to confirm the continuation of the bullish trend.
SOL is primed for action – keep it on your radar for potential gains!
#Solana #Crypto #Binance #TradingSignals #BinancePoolFractalBitcoin
Alexander2312:
все так , але навпаки
LIVE
Enes
--
An American kid launched a #memecoin on the #Solana network and promoted it during a live stream❗
He rug-pulled after making $30,000 in profit, but investors kept buying the token, pushing its market cap to $70 million❗
If the kid hadn't sold his tokens, their value would have been $1.3 million❗
He rug-pulled after making $30,000 in profit, but investors kept buying the token, pushing its market cap to $70 million❗
If the kid hadn't sold his tokens, their value would have been $1.3 million❗
User-XRP33:
In the next release, you will surely become rich and learn from your mistakes 👍
$SOL Struggles at $244.18: Can Bulls Sustain Momentum?
The latest analysis of #SOL reveals a mixed technical landscape, highlighting critical resistance and support levels. Recent price action has consolidated between $238.71 and $244.18, indicating a tug-of-war between buyers and sellers.
Key observations include:
- Resistance and Support: The resistance at $244.18 remains strong, while immediate support is at $238.71. A breakout above $244.18 could lead to a retest of $247.34, while a dip below $238.71 may target $236.28.
- Momentum Indicators: The 9 EMA is slightly above the 20 EMA, suggesting mild bullish momentum. However, the MACD histogram has turned negative, indicating weakening bullish sentiment. The RSI is slightly above the neutral level but trending downward.
- Trading Opportunities: Bullish traders may find entry points near $242.00-$243.00, while bearish traders could look for short opportunities if SOL fails to break $244.18 or dips below $238.71.
As SOL approaches a critical juncture, traders should remain vigilant for potential breakouts or breakdowns.
#Solana #SOLUSDT #TrendingInvestments
The latest analysis of #SOL reveals a mixed technical landscape, highlighting critical resistance and support levels. Recent price action has consolidated between $238.71 and $244.18, indicating a tug-of-war between buyers and sellers.
Key observations include:
- Resistance and Support: The resistance at $244.18 remains strong, while immediate support is at $238.71. A breakout above $244.18 could lead to a retest of $247.34, while a dip below $238.71 may target $236.28.
- Momentum Indicators: The 9 EMA is slightly above the 20 EMA, suggesting mild bullish momentum. However, the MACD histogram has turned negative, indicating weakening bullish sentiment. The RSI is slightly above the neutral level but trending downward.
- Trading Opportunities: Bullish traders may find entry points near $242.00-$243.00, while bearish traders could look for short opportunities if SOL fails to break $244.18 or dips below $238.71.
As SOL approaches a critical juncture, traders should remain vigilant for potential breakouts or breakdowns.
#Solana #SOLUSDT #TrendingInvestments
📢 Macro
⚫️US stocks ignore tensions between the US and Russia.
⚫️The value of the dollar begins to drop after a period of rising.
⚫️Gold's price remains the same even as interest rates go up.
⚫️NASDAQ is up 1% at 19,000 points.
⚫️Japan plans to introduce an $87 billion economic stimulus.
⚫️Pentagon official reports a UFO sighting.
⚫️Trump wants Dr. Oz to manage Medicare and Medicaid.
⚫️Bluesky reaches 20 million users, competing closely with Threads.
- Comcast plans to separate some of its businesses, with Lazarus in charge.
💰 #Crypto
⚫️#BTC reaches a new all-time high of $93.5k, and currently is priced at 93.3k, up 2%.
⚫️#ETH is slightly down by 1%, now at $3,100.
⚫️#Solana sees a drop of 4%, now at $238.
⚫️Phantom becomes more popular than Chrome in the app store.
⚫️Michael Saylor will discuss BTC strategies with Microsoft's board.
⚫️The CEO of Rumble hints at incorporating BTC, causing its stock to rise.
⚫️Bernstein labels Robinhood as the best bet for deregulation.
⚫️Sky adds the stablecoin USDS to Solana's network.
⚫️Archax will start offering funds that are tied to digital tokens.
⚫️Bitfinex introduces tokenized treasury bills in El Salvador.
⚫️Coinbase plans to stop offering WBTC.
⚫️South Korea confirms a 20% tax on crypto earnings starting next year.
⚫️Chainlink is joining a trade pilot for Brazil's digital currency.
⚫️Injective starts a new platform using AI agents.
🌟 #Web3 & NFT
⚫️Top gaining cryptocurrencies include ADA, APT, WBT, BONK, ALGO, and CRO.
⚫️High-interest coins right now are Quant, CHILLGUY, AURA, SKBDI, and WINTER.
⚫️Trending NFTs are Pudgy Penguins, BAYC, and CHILL GUY.
⚫️AURA, HAMMY, and SKBDI gain 50% more value due to TikTok trends.
⚫️WINTER becomes a popular meme on TikTok, leading to significant sales.
⚫️HUZZ's price increases 160 times in one day after it's listed on Moonshot.
⚫️BONK's market cap grows by $1 billion, newly listed on Upbit.
⚫️US stocks ignore tensions between the US and Russia.
⚫️The value of the dollar begins to drop after a period of rising.
⚫️Gold's price remains the same even as interest rates go up.
⚫️NASDAQ is up 1% at 19,000 points.
⚫️Japan plans to introduce an $87 billion economic stimulus.
⚫️Pentagon official reports a UFO sighting.
⚫️Trump wants Dr. Oz to manage Medicare and Medicaid.
⚫️Bluesky reaches 20 million users, competing closely with Threads.
- Comcast plans to separate some of its businesses, with Lazarus in charge.
💰 #Crypto
⚫️#BTC reaches a new all-time high of $93.5k, and currently is priced at 93.3k, up 2%.
⚫️#ETH is slightly down by 1%, now at $3,100.
⚫️#Solana sees a drop of 4%, now at $238.
⚫️Phantom becomes more popular than Chrome in the app store.
⚫️Michael Saylor will discuss BTC strategies with Microsoft's board.
⚫️The CEO of Rumble hints at incorporating BTC, causing its stock to rise.
⚫️Bernstein labels Robinhood as the best bet for deregulation.
⚫️Sky adds the stablecoin USDS to Solana's network.
⚫️Archax will start offering funds that are tied to digital tokens.
⚫️Bitfinex introduces tokenized treasury bills in El Salvador.
⚫️Coinbase plans to stop offering WBTC.
⚫️South Korea confirms a 20% tax on crypto earnings starting next year.
⚫️Chainlink is joining a trade pilot for Brazil's digital currency.
⚫️Injective starts a new platform using AI agents.
🌟 #Web3 & NFT
⚫️Top gaining cryptocurrencies include ADA, APT, WBT, BONK, ALGO, and CRO.
⚫️High-interest coins right now are Quant, CHILLGUY, AURA, SKBDI, and WINTER.
⚫️Trending NFTs are Pudgy Penguins, BAYC, and CHILL GUY.
⚫️AURA, HAMMY, and SKBDI gain 50% more value due to TikTok trends.
⚫️WINTER becomes a popular meme on TikTok, leading to significant sales.
⚫️HUZZ's price increases 160 times in one day after it's listed on Moonshot.
⚫️BONK's market cap grows by $1 billion, newly listed on Upbit.
"Solana on the Brink of a $274 Surge, Says Veteran Analyst Peter Brandt"
Market veteran Peter Brandt has identified the next price target for Solana, citing a continuation of its swing uptrend pattern.
Read more on: https://thecryptobasic.com/2024/11/19/veteran-analyst-peter-brandt-says-solana-swing-can-push-prices-to-274/
#Solana #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewsUSA
Read more on: https://thecryptobasic.com/2024/11/19/veteran-analyst-peter-brandt-says-solana-swing-can-push-prices-to-274/
#Solana #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewsUSA
🚨 $SOL /USDT ON THE MOVE: Ready to Target New Highs! 🚨
Solana ($SOL ) is gaining bullish momentum, trading at $245.59, with a 24-hour high of $248.44. Buyers are stepping in as SOL eyes higher resistance levels. The rally is heating up—get ready for potential fireworks! 🔥
🎯 Price Targets to Watch:
1. Target 1: $250 – Breaking this level could spark a short-term bullish surge.
2. Target 2: $260 – A key resistance that could validate a strong upward trend.
3. Target 3: $275 – A psychological milestone that could trigger massive interest.
📊 Technical Snapshot:
Support Levels: Immediate support at $241, with stronger backing near $228.
Moving Averages: SOL is trading above the MA(25) at $241.19 and MA(99) at $228.55, signaling strong bullish sentiment.
Volume: With 24-hour volume at 6.65M $SOL , interest is surging.
💡 Trading Insights:
For Bulls: Enter on a breakout above $248, targeting $260 and beyond.
For Bears: Watch for rejection at $250; a breakdown below $241 could lead to a retracement.
Stop Loss: Place at $231 to mitigate downside risk.
🚀 Solana is showing promising signs for another breakout—don’t miss this momentum!
#Solana #SOLPriceAction #CryptoTrading #BinanceSquareFamily #COSSocialFiRevolution
Solana ($SOL ) is gaining bullish momentum, trading at $245.59, with a 24-hour high of $248.44. Buyers are stepping in as SOL eyes higher resistance levels. The rally is heating up—get ready for potential fireworks! 🔥
🎯 Price Targets to Watch:
1. Target 1: $250 – Breaking this level could spark a short-term bullish surge.
2. Target 2: $260 – A key resistance that could validate a strong upward trend.
3. Target 3: $275 – A psychological milestone that could trigger massive interest.
📊 Technical Snapshot:
Support Levels: Immediate support at $241, with stronger backing near $228.
Moving Averages: SOL is trading above the MA(25) at $241.19 and MA(99) at $228.55, signaling strong bullish sentiment.
Volume: With 24-hour volume at 6.65M $SOL , interest is surging.
💡 Trading Insights:
For Bulls: Enter on a breakout above $248, targeting $260 and beyond.
For Bears: Watch for rejection at $250; a breakdown below $241 could lead to a retracement.
Stop Loss: Place at $231 to mitigate downside risk.
🚀 Solana is showing promising signs for another breakout—don’t miss this momentum!
#Solana #SOLPriceAction #CryptoTrading #BinanceSquareFamily #COSSocialFiRevolution
Is Solana Going To Dethrone Ethereum?
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Solana is turning heads in the crypto world, especially after its strong performance against Bitcoin. The SOL/BTC ratio recently broke out of a long consolidation phase, signaling a potential shift in market sentiment. On top of that, Solana’s blockchain activity is smashing records. Could this be the start of something big for Solana? Let’s dive in.
SOL/BTC Ratio Breaks Out After 8 Months:The SOL/BTC trading pair has been stuck in a holding pattern for months. Last week, though, it climbed by over 1%, breaking out of its triangular consolidation. For traders, this is a big deal. It suggests that the bulls are stepping in and could push Solana higher.
The technicals support this narrative too. The MACD histogram recently flipped above zero, which is a classic sign of growing momentum. It’s like the market is saying, “We’re ready for a move.” The question now is whether SOL can keep the momentum going.
DEX Volumes Are Skyrocketing: Beyond just charts, SOL is making waves on-chain. In the week leading up to November 17, Solana’s decentralized exchanges (DEXs) saw $41.6 billion in trading volume. That’s more than Ethereum, Base, and Binance Smart Chain combined! For context, Ethereum only managed $14.3 billion during that time.
Why is this happening? Retail traders seem to be flocking to Solana, especially for memecoin trading. This surge isn’t just hype. It shows SOL is ready to handle huge traffic volumes, giving it an edge over rivals. Even its DEX fees tell a story. Raydium, one of Solana’s top DEXs, generated $72.83 million in fees last week—beating Ethereum’s $67 million.
What’s Next for Solana?Solana is clearly stepping up, but can it replace Ethereum? That’s a tough call. Ethereum has a massive lead in developer support and ecosystem size. But SOL is faster, cheaper, and now proving it can handle retail demand. If it keeps up this pace, it’s going to keep pressuring Ethereum in ways that might surprise everyone.
Solana isn’t just riding a wave—it might be building a new one. Only time will tell if it’s enough to truly challenge the big players.
#Solana #SolanaProjects #MemeCoinSeason2024 #CryptoNews
Solana is turning heads in the crypto world, especially after its strong performance against Bitcoin. The SOL/BTC ratio recently broke out of a long consolidation phase, signaling a potential shift in market sentiment. On top of that, Solana’s blockchain activity is smashing records. Could this be the start of something big for Solana? Let’s dive in.
SOL/BTC Ratio Breaks Out After 8 Months:The SOL/BTC trading pair has been stuck in a holding pattern for months. Last week, though, it climbed by over 1%, breaking out of its triangular consolidation. For traders, this is a big deal. It suggests that the bulls are stepping in and could push Solana higher.
The technicals support this narrative too. The MACD histogram recently flipped above zero, which is a classic sign of growing momentum. It’s like the market is saying, “We’re ready for a move.” The question now is whether SOL can keep the momentum going.
DEX Volumes Are Skyrocketing: Beyond just charts, SOL is making waves on-chain. In the week leading up to November 17, Solana’s decentralized exchanges (DEXs) saw $41.6 billion in trading volume. That’s more than Ethereum, Base, and Binance Smart Chain combined! For context, Ethereum only managed $14.3 billion during that time.
Why is this happening? Retail traders seem to be flocking to Solana, especially for memecoin trading. This surge isn’t just hype. It shows SOL is ready to handle huge traffic volumes, giving it an edge over rivals. Even its DEX fees tell a story. Raydium, one of Solana’s top DEXs, generated $72.83 million in fees last week—beating Ethereum’s $67 million.
What’s Next for Solana?Solana is clearly stepping up, but can it replace Ethereum? That’s a tough call. Ethereum has a massive lead in developer support and ecosystem size. But SOL is faster, cheaper, and now proving it can handle retail demand. If it keeps up this pace, it’s going to keep pressuring Ethereum in ways that might surprise everyone.
Solana isn’t just riding a wave—it might be building a new one. Only time will tell if it’s enough to truly challenge the big players.
#Solana #SolanaProjects #MemeCoinSeason2024 #CryptoNews
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The SOL/BTC ratio increased by more than 1% last week, escaping a narrow price range, known as a triangle consolidation in technical analysis.
Whether #Solana will eventually replace #Ethereum as the leading smart contract blockchain remains a contentious topic.
The moving average convergence/divergence (MACD) histogram, an indicator used to determine the strength and change of a trend, has crossed above 0, indicating new bullish momentum.
$SOL
Whether #Solana will eventually replace #Ethereum as the leading smart contract blockchain remains a contentious topic.
The moving average convergence/divergence (MACD) histogram, an indicator used to determine the strength and change of a trend, has crossed above 0, indicating new bullish momentum.
$SOL
Solana OI nears $5 million. Is new ATH on a horizon?
Solana’s price rally has brought it close to forming a new all-time high, stirring optimism among traders and investors. The altcoin’s upward momentum reflects heightened market activity, but challenges remain as Solana struggles to breach critical resistance levels.
Solana traders exhibit strong optimism, with the asset’s Futures Open Interest (OI) reaching a record $4.7 billion. This surge highlights increasing confidence among traders as they pour significant capital into $SOL amid its ongoing rally. With OI nearing $5 billion, Solana is experiencing a notable rise in market participation, reflecting heightened anticipation for further gains.
However, this growing OI highlights a divergence between expectations and current price movement. While traders are heavily investing, Solana’s price has yet to break past critical resistance levels. This contrast between open interest and price action raises questions about whether the bullish momentum can sustain itself or lead to a #correction .
From a technical perspective, Solana’s Relative Strength Index (RSI) indicates overbought conditions, sitting well above the neutral range. Also, Solana’s macro momentum remains strong, driven by broader market cues and increased adoption. These factors contribute to the asset’s resilience, but the overbought conditions warrant caution. Investors will need to monitor whether #Solana can maintain its upward trajectory or succumb to market pressures.
However, mixed signals from market sentiment and technical #Indicators suggest potential difficulties in overcoming $245. A failure to break through could send Solana down to $221 or lower, testing investor confidence.
Solana traders exhibit strong optimism, with the asset’s Futures Open Interest (OI) reaching a record $4.7 billion. This surge highlights increasing confidence among traders as they pour significant capital into $SOL amid its ongoing rally. With OI nearing $5 billion, Solana is experiencing a notable rise in market participation, reflecting heightened anticipation for further gains.
However, this growing OI highlights a divergence between expectations and current price movement. While traders are heavily investing, Solana’s price has yet to break past critical resistance levels. This contrast between open interest and price action raises questions about whether the bullish momentum can sustain itself or lead to a #correction .
From a technical perspective, Solana’s Relative Strength Index (RSI) indicates overbought conditions, sitting well above the neutral range. Also, Solana’s macro momentum remains strong, driven by broader market cues and increased adoption. These factors contribute to the asset’s resilience, but the overbought conditions warrant caution. Investors will need to monitor whether #Solana can maintain its upward trajectory or succumb to market pressures.
However, mixed signals from market sentiment and technical #Indicators suggest potential difficulties in overcoming $245. A failure to break through could send Solana down to $221 or lower, testing investor confidence.
Is Solana Going To Dethrone Ethereum?
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Solana is turning heads in the crypto world, especially after its strong performance against Bitcoin. The SOL/BTC ratio recently broke out of a long consolidation phase, signaling a potential shift in market sentiment. On top of that, Solana’s blockchain activity is smashing records. Could this be the start of something big for Solana? Let’s dive in.
SOL/BTC Ratio Breaks Out After 8 Months:The SOL/BTC trading pair has been stuck in a holding pattern for months. Last week, though, it climbed by over 1%, breaking out of its triangular consolidation. For traders, this is a big deal. It suggests that the bulls are stepping in and could push Solana higher.
The technicals support this narrative too. The MACD histogram recently flipped above zero, which is a classic sign of growing momentum. It’s like the market is saying, “We’re ready for a move.” The question now is whether SOL can keep the momentum going.
DEX Volumes Are Skyrocketing: Beyond just charts, SOL is making waves on-chain. In the week leading up to November 17, Solana’s decentralized exchanges (DEXs) saw $41.6 billion in trading volume. That’s more than Ethereum, Base, and Binance Smart Chain combined! For context, Ethereum only managed $14.3 billion during that time.
Why is this happening? Retail traders seem to be flocking to Solana, especially for memecoin trading. This surge isn’t just hype. It shows SOL is ready to handle huge traffic volumes, giving it an edge over rivals. Even its DEX fees tell a story. Raydium, one of Solana’s top DEXs, generated $72.83 million in fees last week—beating Ethereum’s $67 million.
#Solana #SolanaProjects #MemeCoinSeason2024 #CryptoNews
Turn Your $100 USDT into $3,000 USDT, Confirmed 30X Profit from AIG #MEME Token. 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30. Pre-Sale Is Live, Join the Pre-sale and Airdrop at the Official Website ➯PlayAiGames.online
Solana is turning heads in the crypto world, especially after its strong performance against Bitcoin. The SOL/BTC ratio recently broke out of a long consolidation phase, signaling a potential shift in market sentiment. On top of that, Solana’s blockchain activity is smashing records. Could this be the start of something big for Solana? Let’s dive in.
SOL/BTC Ratio Breaks Out After 8 Months:The SOL/BTC trading pair has been stuck in a holding pattern for months. Last week, though, it climbed by over 1%, breaking out of its triangular consolidation. For traders, this is a big deal. It suggests that the bulls are stepping in and could push Solana higher.
The technicals support this narrative too. The MACD histogram recently flipped above zero, which is a classic sign of growing momentum. It’s like the market is saying, “We’re ready for a move.” The question now is whether SOL can keep the momentum going.
DEX Volumes Are Skyrocketing: Beyond just charts, SOL is making waves on-chain. In the week leading up to November 17, Solana’s decentralized exchanges (DEXs) saw $41.6 billion in trading volume. That’s more than Ethereum, Base, and Binance Smart Chain combined! For context, Ethereum only managed $14.3 billion during that time.
Why is this happening? Retail traders seem to be flocking to Solana, especially for memecoin trading. This surge isn’t just hype. It shows SOL is ready to handle huge traffic volumes, giving it an edge over rivals. Even its DEX fees tell a story. Raydium, one of Solana’s top DEXs, generated $72.83 million in fees last week—beating Ethereum’s $67 million.
#Solana #SolanaProjects #MemeCoinSeason2024 #CryptoNews