solanAnalysis
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#solanAnalysis of the day 22/05
The price level is between 177 and 180 usdt.
Testing level is 182 with a possibility of testing again at 184.
Im holding for a long position this time since the volatility is not as the previous days.
Remember always to be patient and be in the market rather than beating the market.
$SOL #SolanaUSTD #analysisreport
The price level is between 177 and 180 usdt.
Testing level is 182 with a possibility of testing again at 184.
Im holding for a long position this time since the volatility is not as the previous days.
Remember always to be patient and be in the market rather than beating the market.
$SOL #SolanaUSTD #analysisreport
Solana Coin Prediction May 22 2024
**Solana (SOL)**, a popular cryptocurrency, has been gaining traction due to its usability and functionality. Let's explore the price predictions for Solana on **May 22, 2024** based on various sources:
1. **Changelly** predicts that the current Solana price of **$182.319 USD** will increase and reach **$185.032** by **May 22, 2024**. The technical indicators signal a **Bullish** market sentiment with a score of **70 (Greed)** on the Fear & Greed Index. Over the last 30 days, Solana has had **14/30 (47%) green days** and **7.04% price volatility**¹.
2. **CoinCodex** expects the average Solana price to be around **$182.319** in May 2024. The minimum and maximum prices are estimated to be **$195.001** and **$201.53**, respectively. This suggests a potential **ROI.
#solanAnalysis #SolanaStrong #solonapumping #Write2Earrn #MemeWatch2024
$SOL
**Solana (SOL)**, a popular cryptocurrency, has been gaining traction due to its usability and functionality. Let's explore the price predictions for Solana on **May 22, 2024** based on various sources:
1. **Changelly** predicts that the current Solana price of **$182.319 USD** will increase and reach **$185.032** by **May 22, 2024**. The technical indicators signal a **Bullish** market sentiment with a score of **70 (Greed)** on the Fear & Greed Index. Over the last 30 days, Solana has had **14/30 (47%) green days** and **7.04% price volatility**¹.
2. **CoinCodex** expects the average Solana price to be around **$182.319** in May 2024. The minimum and maximum prices are estimated to be **$195.001** and **$201.53**, respectively. This suggests a potential **ROI.
#solanAnalysis #SolanaStrong #solonapumping #Write2Earrn #MemeWatch2024
$SOL
Solana Price Prediction For 2024, 2025
$SOL #solanAnalysis #SolanaUSTD #bullrun2024📈📈
Solana(SOL) is the most popular cryptocurrency after Bitcoin and Ethereum in the crypto world. This article gives a clear and logical Solana price prediction according to indicators, market potential, competition, and personal experiences.
Background of Solana (SOL)
Solana, known as SOL is a project that leverages technology for decentralized finance solutions. The project was initiated in 2017 and officially launched by the Solana Foundation in March 2020 based in Geneva, Switzerland. For insights into Solana feel free to explore our in-depth platform analysis.
Solanas protocol aims to streamline the creation of decentralized applications (DApps) by combining proof of history (PoH) consensus with blockchain proof of stake (PoS) consensus to enhance scalability.
Market Trends with Solana(SOL)
SOL Price Prediction 2024 Summary
The graph outlining Solana's price prediction for 2024 shows an overall expectation that the SOL Coin will go through ups and downs over the year. The projected low, average, and high prices for the year are estimated to be $121, $188, and $255. Looking closer at months from May to December indicates that minimum prices could range between $155 and $175 while maximum prices may vary from $175 to $255. Average monthly prices are forecasted to rise gradually starting at $155 in May and potentially reaching $197 by December. This chart offers guidance for investors by offering insights, into how Solana's price could evolve throughout the latter part of 2024.
Factors Influencing Solana’s Price in 2024
The upcoming Bitcoin Halving event in April 2024 is anticipated to bring an impact on the altcoin market potentially leading to a surge in Solana coin prices shortly. Additionally, as the possibility of an altcoin season looms closer there is an optimism for a bullish trend.Should the current upward momentum persist Solanas price could conclude the year on a note. The resilience shown by SOL prices and other altcoins is noteworthy. Despite bearish expectations, Solanas's value has continued to climb reflecting a prevailing bullish sentiment.If Solana successfully navigates through the challenges within the cryptocurrency landscape and addresses any consensus issues there is potential for SOL coin prices to reach $255 by the end of 2024.Conversely, if market sentiments do not improve as expected there is a chance that Solana could stabilize at, around $121.
Check out our full article on Cryptolnc.com to get The full price prediction by our Experts for Price prediction of Solana 2025 (next bull run) 😍😘🤑
Solana(SOL) is the most popular cryptocurrency after Bitcoin and Ethereum in the crypto world. This article gives a clear and logical Solana price prediction according to indicators, market potential, competition, and personal experiences.
Background of Solana (SOL)
Solana, known as SOL is a project that leverages technology for decentralized finance solutions. The project was initiated in 2017 and officially launched by the Solana Foundation in March 2020 based in Geneva, Switzerland. For insights into Solana feel free to explore our in-depth platform analysis.
Solanas protocol aims to streamline the creation of decentralized applications (DApps) by combining proof of history (PoH) consensus with blockchain proof of stake (PoS) consensus to enhance scalability.
Market Trends with Solana(SOL)
SOL Price Prediction 2024 Summary
The graph outlining Solana's price prediction for 2024 shows an overall expectation that the SOL Coin will go through ups and downs over the year. The projected low, average, and high prices for the year are estimated to be $121, $188, and $255. Looking closer at months from May to December indicates that minimum prices could range between $155 and $175 while maximum prices may vary from $175 to $255. Average monthly prices are forecasted to rise gradually starting at $155 in May and potentially reaching $197 by December. This chart offers guidance for investors by offering insights, into how Solana's price could evolve throughout the latter part of 2024.
Factors Influencing Solana’s Price in 2024
The upcoming Bitcoin Halving event in April 2024 is anticipated to bring an impact on the altcoin market potentially leading to a surge in Solana coin prices shortly. Additionally, as the possibility of an altcoin season looms closer there is an optimism for a bullish trend.Should the current upward momentum persist Solanas price could conclude the year on a note. The resilience shown by SOL prices and other altcoins is noteworthy. Despite bearish expectations, Solanas's value has continued to climb reflecting a prevailing bullish sentiment.If Solana successfully navigates through the challenges within the cryptocurrency landscape and addresses any consensus issues there is potential for SOL coin prices to reach $255 by the end of 2024.Conversely, if market sentiments do not improve as expected there is a chance that Solana could stabilize at, around $121.
Check out our full article on Cryptolnc.com to get The full price prediction by our Experts for Price prediction of Solana 2025 (next bull run) 😍😘🤑
🔵❗️IM GONNA TELL YOU MY STRATEGY IN SOL FOR THIS BULL MARKET.❗️🔵
I think $SOL at 175 is a gift. I know $ETH is capturing all the flashes right now, and it deserves it. But remember it’s a cycle, $BTC doesn’t grow as much as 2013, the same has been happening with ETH, and in the future it’ll happen to SOL.
But at this moment I really really think it is completely posible and 7-10x in SOL in last trimester of 2024. In that case I won’t wait to get there to take some profits. Actually I’m waiting a 2x from now to take a 25% then I’m just gonna be taking every time it gave me a 25%.
What happened if it falls? I’ll just wait, I’m doing this with money I can afford to lose. I came from enter in the market at the end of 2021, so yes, I bought bunch of fomo coins at that moment at all time highs 😅. But I wasn’t that wrong cause I put 50% of all my saving into BTC so it didn’t go to hell 😂.
And that’s my strategy from now, practically with all my portafolio.
So if you like it and if you are interested in this kind of content exposing my point of view and some of my movements in the market please let me know what subject to talk about.
I’m thinking to talk about the custody of the coins. Maybe we can learn about together 😁👍🏼
#ETHETFS #btc70k #altcoins #SolanaStrong #solanAnalysis
I think $SOL at 175 is a gift. I know $ETH is capturing all the flashes right now, and it deserves it. But remember it’s a cycle, $BTC doesn’t grow as much as 2013, the same has been happening with ETH, and in the future it’ll happen to SOL.
But at this moment I really really think it is completely posible and 7-10x in SOL in last trimester of 2024. In that case I won’t wait to get there to take some profits. Actually I’m waiting a 2x from now to take a 25% then I’m just gonna be taking every time it gave me a 25%.
What happened if it falls? I’ll just wait, I’m doing this with money I can afford to lose. I came from enter in the market at the end of 2021, so yes, I bought bunch of fomo coins at that moment at all time highs 😅. But I wasn’t that wrong cause I put 50% of all my saving into BTC so it didn’t go to hell 😂.
And that’s my strategy from now, practically with all my portafolio.
So if you like it and if you are interested in this kind of content exposing my point of view and some of my movements in the market please let me know what subject to talk about.
I’m thinking to talk about the custody of the coins. Maybe we can learn about together 😁👍🏼
#ETHETFS #btc70k #altcoins #SolanaStrong #solanAnalysis
❗️IM GONNA TELL YOU MY STRATEGY IN SOL FOR THIS BULL MARKET.❗️
I think $SOL at 175 is a gift. I know $ETH is capturing all the flashes right now, and it deserves it. But remember it’s a cycle, $BTC doesn’t grow as much as 2013, the same has been happening with ETH, and in the future it’ll happen to SOL.
But at this moment I really really think it is completely posible and 7-10x in SOL in last trimester of 2024. In that case I won’t wait to get there to take some profits. Actually I’m waiting a 2x from now to take a 25% then I’m just gonna be taking every time it gave me a 25%.
What happened if it falls? I’ll just wait, I’m doing this with money I can afford to lose. I came from enter in the market at the end of 2021, so yes, I bought bunch of fomo coins at that moment at all time highs 😅. But I wasn’t that wrong cause I put 50% of all my saving into BTC so it didn’t go to hell 😂.
And that’s my strategy from now, practically with all my portafolio.
So if you like it and if you are interested in this kind of content exposing my point of view and some of my movements in the market please let me know what subject to talk about.
I’m thinking to talk about the custody of the coins. Maybe we can learn about together 😁👍🏼
#ETHETFS #btc70k #altcoins #SolanaStrong #solanAnalysis
I think $SOL at 175 is a gift. I know $ETH is capturing all the flashes right now, and it deserves it. But remember it’s a cycle, $BTC doesn’t grow as much as 2013, the same has been happening with ETH, and in the future it’ll happen to SOL.
But at this moment I really really think it is completely posible and 7-10x in SOL in last trimester of 2024. In that case I won’t wait to get there to take some profits. Actually I’m waiting a 2x from now to take a 25% then I’m just gonna be taking every time it gave me a 25%.
What happened if it falls? I’ll just wait, I’m doing this with money I can afford to lose. I came from enter in the market at the end of 2021, so yes, I bought bunch of fomo coins at that moment at all time highs 😅. But I wasn’t that wrong cause I put 50% of all my saving into BTC so it didn’t go to hell 😂.
And that’s my strategy from now, practically with all my portafolio.
So if you like it and if you are interested in this kind of content exposing my point of view and some of my movements in the market please let me know what subject to talk about.
I’m thinking to talk about the custody of the coins. Maybe we can learn about together 😁👍🏼
#ETHETFS #btc70k #altcoins #SolanaStrong #solanAnalysis
Will Solana (SOL) reach up to 500 USDT this year?
Predicting if Solana (SOL) will reach $500 USDT this year is uncertain due to market volatility. Analysts are mixed: some are optimistic, citing Solana's high-speed transactions and growing ecosystem, while others warn of potential regulatory hurdles and market corrections. Stay updated and invest cautiously.
#SolanaUSTD #solanAnalysis $SOL
Predicting if Solana (SOL) will reach $500 USDT this year is uncertain due to market volatility. Analysts are mixed: some are optimistic, citing Solana's high-speed transactions and growing ecosystem, while others warn of potential regulatory hurdles and market corrections. Stay updated and invest cautiously.
#SolanaUSTD #solanAnalysis $SOL
#SolanaStrong #SolanaFees #solanAnalysis #SolanaUSTD $SOL
What is Solana?
Solana is a fast, decentralized, and scalable blockchain platform that enables the creation of decentralized applications (dApps) and decentralized finance (DeFi) protocols. It uses a novel consensus algorithm called "Proof of History" (PoH) that combines the benefits of traditional proof-of-stake (PoS) and proof-of-work (PoW) algorithms.
Why is Solana hot?
Scalability: Solana's PoH algorithm allows for high transaction throughput, with a maximum capacity of 2,000 transactions per block. This makes it an attractive solution for high-traffic dApps and DeFi protocols.
Fast transaction times: Solana's block time is only 400 milliseconds, which is significantly faster than other blockchain platforms like Ethereum.
Low fees: Solana's transaction fees are relatively low compared to other blockchain platforms, making it an attractive option for users who want to send transactions quickly and cheaply.
Growing ecosystem: Solana has a growing ecosystem of developers, with over 100 projects already built on the platform, including dApps, DeFi protocols, and NFT marketplaces.
Strong community: Solana has a strong and active community, with many enthusiasts and developers contributing to its development and growth.
Institutional investment: Solana has received significant investment from institutional investors, such as venture capital firms and family offices, which has helped to increase its visibility and credibility.
Overall, Solana's unique combination of scalability, speed, and low fees has made it a popular choice among developers and users, leading to its rapid growth in popularity and value in the cryptocurrency market.
What is Solana?
Solana is a fast, decentralized, and scalable blockchain platform that enables the creation of decentralized applications (dApps) and decentralized finance (DeFi) protocols. It uses a novel consensus algorithm called "Proof of History" (PoH) that combines the benefits of traditional proof-of-stake (PoS) and proof-of-work (PoW) algorithms.
Why is Solana hot?
Scalability: Solana's PoH algorithm allows for high transaction throughput, with a maximum capacity of 2,000 transactions per block. This makes it an attractive solution for high-traffic dApps and DeFi protocols.
Fast transaction times: Solana's block time is only 400 milliseconds, which is significantly faster than other blockchain platforms like Ethereum.
Low fees: Solana's transaction fees are relatively low compared to other blockchain platforms, making it an attractive option for users who want to send transactions quickly and cheaply.
Growing ecosystem: Solana has a growing ecosystem of developers, with over 100 projects already built on the platform, including dApps, DeFi protocols, and NFT marketplaces.
Strong community: Solana has a strong and active community, with many enthusiasts and developers contributing to its development and growth.
Institutional investment: Solana has received significant investment from institutional investors, such as venture capital firms and family offices, which has helped to increase its visibility and credibility.
Overall, Solana's unique combination of scalability, speed, and low fees has made it a popular choice among developers and users, leading to its rapid growth in popularity and value in the cryptocurrency market.
$SOL will reach a new ATH before the EOY, if it will be the next ETF to be approved. #sol #solanAnalysis #solonapumping
Here are some key points about Solana (SOL) coin ¹ ² ³ ⁴:
- *Founders*: Anatoly Yakovenko is the most important person behind Solana, who teamed up with his Qualcomm colleague Greg Fitzgerald to found a project called Solana Labs.
- *Launch*: Solana was officially launched in March 2020 by the Solana Foundation.
- *Purpose*: Solana is a decentralized computing platform that uses SOL to pay for transactions.
- *Key Features*: Solana is an independent Layer 1 blockchain created as a fast and efficient network with an underlying smart contract protocol.
- *Proof of History*: Solana claims to be able to process 65,000 transactions per second, making it one of the fastest in the industry, through its Proof-of-History (PoH) technology.
- *Proof of Stake*: The proof-of-stake consensus acts as a monitoring tool for the PoH processes, validating each sequence of blocks it produces.
- *Use Cases*: Solana's primary use case is to facilitate the creation of decentralized applications (DApps), with a particular focus on decentralized finance (DeFi) solutions. #solanAnalysis
- *Founders*: Anatoly Yakovenko is the most important person behind Solana, who teamed up with his Qualcomm colleague Greg Fitzgerald to found a project called Solana Labs.
- *Launch*: Solana was officially launched in March 2020 by the Solana Foundation.
- *Purpose*: Solana is a decentralized computing platform that uses SOL to pay for transactions.
- *Key Features*: Solana is an independent Layer 1 blockchain created as a fast and efficient network with an underlying smart contract protocol.
- *Proof of History*: Solana claims to be able to process 65,000 transactions per second, making it one of the fastest in the industry, through its Proof-of-History (PoH) technology.
- *Proof of Stake*: The proof-of-stake consensus acts as a monitoring tool for the PoH processes, validating each sequence of blocks it produces.
- *Use Cases*: Solana's primary use case is to facilitate the creation of decentralized applications (DApps), with a particular focus on decentralized finance (DeFi) solutions. #solanAnalysis
Let’s dive into the technical analysis of the SOL/ETH chart. Keep in mind that this information is based on historical data and market trends, so always consider other factors before making investment decisions.
Recent Performance:
The SOL/ETH chart on TradingView shows that Solana (SOL) has been performing well against Ethereum (ETH) recently.
In March, the SOLETH pair reached an all-time high of 0.055 ETH1.
Solana’s fees have come close to Ethereum’s, and its transaction volume has significantly outpaced ETH1.
Short-Term Trends:
Over the past week:
1-day: Up by 0.65%
1-week: Up by 0.73%
1-month: Up by 3.57%
Solana has been one of the best-performing assets since the start of 20231.
Long-Term Potential:
Some traders and analysts believe that Solana could outperform Ethereum in the coming months:
A massive cup and handle formation on the SOLETH weekly chart suggests a potential target of around 0.11 ETH1.
If Ethereum reaches $10,000, SOL could be around $1,100; if ETH hits $15,000, SOL might reach $1,400 by 20251.
Technical Indicators:
The chart shows a cup/handle formation and remains above the Keltner Channel average line2.
Traders are closely watching the 0.08 level as a critical point2.
Remember that technical analysis is just one aspect of investing. Always consider fundamental factors, market sentiment, and your risk tolerance when making decisions. If you’d like more insights or have specific questions, feel free to ask! 😊
#solanAnalysis #altcoins #ETHETFS #BTC #btc70k
Recent Performance:
The SOL/ETH chart on TradingView shows that Solana (SOL) has been performing well against Ethereum (ETH) recently.
In March, the SOLETH pair reached an all-time high of 0.055 ETH1.
Solana’s fees have come close to Ethereum’s, and its transaction volume has significantly outpaced ETH1.
Short-Term Trends:
Over the past week:
1-day: Up by 0.65%
1-week: Up by 0.73%
1-month: Up by 3.57%
Solana has been one of the best-performing assets since the start of 20231.
Long-Term Potential:
Some traders and analysts believe that Solana could outperform Ethereum in the coming months:
A massive cup and handle formation on the SOLETH weekly chart suggests a potential target of around 0.11 ETH1.
If Ethereum reaches $10,000, SOL could be around $1,100; if ETH hits $15,000, SOL might reach $1,400 by 20251.
Technical Indicators:
The chart shows a cup/handle formation and remains above the Keltner Channel average line2.
Traders are closely watching the 0.08 level as a critical point2.
Remember that technical analysis is just one aspect of investing. Always consider fundamental factors, market sentiment, and your risk tolerance when making decisions. If you’d like more insights or have specific questions, feel free to ask! 😊
#solanAnalysis #altcoins #ETHETFS #BTC #btc70k
$SOL Solana price has been displaying strength in times when the Bitcoin & Ethereum prices have been consolidating within a very narrow range. The recent bullish push has raised the levels above $180, which is within the critical resistance zone between $175 and $195. Now that the markets have become more hopeful of the upcoming trend, bearish clouds have begun to hover over the SOL price rally.
The SOL price began the day’s trade on a bearish note, with significant selling pressure circulating over its head. In the short term, the price is moving near the resistance and potential reversal zone located at $185. Considering the theory of Elliot waves, the SOL price seems to have succeeded in completing Wave 5 of the main Wave C. If the uptrend line is breached, then the end of Wave C can be confirmed, and as a result, the SOL price is feared to go down to the interim support zone soon.
The 4-hour chart displays the price ranges within an ascending trend but is primed to undergo a notable pullback. After failing to surge above the resistance of the rising parallel channel due to interference of the bears, the SOL price is primed to face a bearish pullback and reach the rising trend line within the channel. If the bulls fail to hold the rally at the trend line, which falls around $175 to $177, then a breakdown may drag the levels below $160, which is one of the crucial trend reversal zones.
Besides, the RSI surged above the upper threshold, entered the overbought zone and underwent a bearish rebound. Moreover, it is feared that it may continue ranging downward, which may increase the selling pressure on the crypto. Therefore, the next few hours until the day’s close are extremely crucial for the Solana (SOL) price rally, as a bearish pullback could erase all the gains that occurred in the past few weeks.
Bullish signal
Take Long
Entry price is 170$SOL /USDt
And Tp:190
Keep it up
$SOL #ETHETFS #altcoins #solanAnalysis
The SOL price began the day’s trade on a bearish note, with significant selling pressure circulating over its head. In the short term, the price is moving near the resistance and potential reversal zone located at $185. Considering the theory of Elliot waves, the SOL price seems to have succeeded in completing Wave 5 of the main Wave C. If the uptrend line is breached, then the end of Wave C can be confirmed, and as a result, the SOL price is feared to go down to the interim support zone soon.
The 4-hour chart displays the price ranges within an ascending trend but is primed to undergo a notable pullback. After failing to surge above the resistance of the rising parallel channel due to interference of the bears, the SOL price is primed to face a bearish pullback and reach the rising trend line within the channel. If the bulls fail to hold the rally at the trend line, which falls around $175 to $177, then a breakdown may drag the levels below $160, which is one of the crucial trend reversal zones.
Besides, the RSI surged above the upper threshold, entered the overbought zone and underwent a bearish rebound. Moreover, it is feared that it may continue ranging downward, which may increase the selling pressure on the crypto. Therefore, the next few hours until the day’s close are extremely crucial for the Solana (SOL) price rally, as a bearish pullback could erase all the gains that occurred in the past few weeks.
Bullish signal
Take Long
Entry price is 170$SOL /USDt
And Tp:190
Keep it up
$SOL #ETHETFS #altcoins #solanAnalysis
🚨😱⚠️$SOL ALERT alert alert 🚨🙀⚠️
Solana's current price is $174.55 per SOL/USD. Experts predict it could reach $250 by the end of 2024, $400 by the end of 2025, $500 by 2030, $700 by 2033, and $800 by 2035. Increased trading activity and interest in Solana meme coins like BONK, BOME, and MEW are contributing to its rising price. The Solana ecosystem is also growing with strong DeFi activities and stablecoin volumes.
#SolanaUSTD
#SolanaMonkeyBusiness
#SOLAN✈️
#solanAnalysis
$SOL
$BTC
#BinanceLaunchpool
Solana's current price is $174.55 per SOL/USD. Experts predict it could reach $250 by the end of 2024, $400 by the end of 2025, $500 by 2030, $700 by 2033, and $800 by 2035. Increased trading activity and interest in Solana meme coins like BONK, BOME, and MEW are contributing to its rising price. The Solana ecosystem is also growing with strong DeFi activities and stablecoin volumes.
#SolanaUSTD
#SolanaMonkeyBusiness
#SOLAN✈️
#solanAnalysis
$SOL
$BTC
#BinanceLaunchpool
If you missed #Notcoin👀🔥 #Notcion don't missed Tapswap backed by #SolanaStrong #solanAnalysis
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Solana Price Prediction as SOL Becomes 5th Largest Coin in the World – Can SOL Overtake Ethereum
SOL has gained by 2.5% in the past 24 hours, with the Solana price reaching $182.87 on a day when the crypto market as a whole has gained by 8.5%.Solana has now risen by 25% in a week and by 21% in a month, with the altcoin posting a very impressive 800% return in the past year.
Such gains have enabled the coin to rise to fifth in the market in terms of cap, ahead of Lido Staked Ether (STETH) and behind BNB.And given the momentum it has accrued in recent months, there’s nothing stopping it from rising further in the coming weeks.
SOL’s chart is in a good position insofar as it has dipped a little in the past hour or so, and is now ready to enjoy another short-term rally.Its relative strength index (purple) fell close to 50 earlier this morning but is climbing back up again, in a sign of returning momentum. Also promising is the 30-day average (orange), which continues to rise further above the 200-day (blue), providing the kind of signal that you see during growth spurts. Another similar signal comes from the resistance (red) and support (green) levels, which are rising in parallel again after Solana began recovering towards the end of last week.Combined with a volume that has reached $5 billion today, this all suggests that Solana has enough momentum to post gains over the next few days, before correcting little.Today’s rally comes following positive news recording the possible approval of spot-based Ethereum ETFs this week.While this news most directly affects ETH, it has undoubtedly increased market-wide bullishness, with some traders believing that it also makes a Solana ETF likelier.
Its meme is an Americanized seal who has been designed to appeal to the crypto-investing, X-posting MAGA crowd, with Sealana’s own X account now boasting close to 5,000 followers.
#solanAnalysis #SolanaStrong #SolanaUSTD #altcoins #buythedip
SOL has gained by 2.5% in the past 24 hours, with the Solana price reaching $182.87 on a day when the crypto market as a whole has gained by 8.5%.Solana has now risen by 25% in a week and by 21% in a month, with the altcoin posting a very impressive 800% return in the past year.
Such gains have enabled the coin to rise to fifth in the market in terms of cap, ahead of Lido Staked Ether (STETH) and behind BNB.And given the momentum it has accrued in recent months, there’s nothing stopping it from rising further in the coming weeks.
SOL’s chart is in a good position insofar as it has dipped a little in the past hour or so, and is now ready to enjoy another short-term rally.Its relative strength index (purple) fell close to 50 earlier this morning but is climbing back up again, in a sign of returning momentum. Also promising is the 30-day average (orange), which continues to rise further above the 200-day (blue), providing the kind of signal that you see during growth spurts. Another similar signal comes from the resistance (red) and support (green) levels, which are rising in parallel again after Solana began recovering towards the end of last week.Combined with a volume that has reached $5 billion today, this all suggests that Solana has enough momentum to post gains over the next few days, before correcting little.Today’s rally comes following positive news recording the possible approval of spot-based Ethereum ETFs this week.While this news most directly affects ETH, it has undoubtedly increased market-wide bullishness, with some traders believing that it also makes a Solana ETF likelier.
Its meme is an Americanized seal who has been designed to appeal to the crypto-investing, X-posting MAGA crowd, with Sealana’s own X account now boasting close to 5,000 followers.
#solanAnalysis #SolanaStrong #SolanaUSTD #altcoins #buythedip
In a remarkable display of resilience, Solana's price has steadfastly defied the odds by refusing to dip below the crucial level of 176 USDT in the last 24 hours.
Despite a concerted effort from bears to push the token's value down to 178.71 USDT, the Solana community has rallied around the cryptocurrency, injecting a much-needed dose of confidence and stability into the market. As a result, the token's price has remained stubbornly anchored at around 178.71 USDT, a testament to the unwavering commitment of its supporters. This remarkable display of resistance has sent a powerful message to market participants, underscoring the growing strength and conviction of the Solana community.
The token's ability to withstand the onslaught of bearish pressure has not only preserved its value but has also generated significant buying interest, with many traders and investors opting to accumulate Solana at these levels.
As the market continues to grapple with its next move, one thing is clear: Solana's price has demonstrated an unshakeable resolve to remain above 176 USDT, a benchmark that will likely be closely watched by traders and analysts in the days to come.
$SOL #solanAnalysis #SolanaStrong #HodlForGold
Despite a concerted effort from bears to push the token's value down to 178.71 USDT, the Solana community has rallied around the cryptocurrency, injecting a much-needed dose of confidence and stability into the market. As a result, the token's price has remained stubbornly anchored at around 178.71 USDT, a testament to the unwavering commitment of its supporters. This remarkable display of resistance has sent a powerful message to market participants, underscoring the growing strength and conviction of the Solana community.
The token's ability to withstand the onslaught of bearish pressure has not only preserved its value but has also generated significant buying interest, with many traders and investors opting to accumulate Solana at these levels.
As the market continues to grapple with its next move, one thing is clear: Solana's price has demonstrated an unshakeable resolve to remain above 176 USDT, a benchmark that will likely be closely watched by traders and analysts in the days to come.
$SOL #solanAnalysis #SolanaStrong #HodlForGold
Solana surged to $175 but faces a pullback. Will it keep climbing or fall further? Experts are mixed.
Positive Signs: Open Interest suggests futures market buying, potentially driving prices up this week.
Negative Signs: High Greed Index (75) often precedes price drops.
Support & Resistance: Price might find support at $173.5 or drop to $165 if it falls. A break above $180 signals continued gains.
Solana's future remains uncertain. Watch social sentiment and technical indicators for clues.
#Solana #solanAnalysis #SOL $SOL
Positive Signs: Open Interest suggests futures market buying, potentially driving prices up this week.
Negative Signs: High Greed Index (75) often precedes price drops.
Support & Resistance: Price might find support at $173.5 or drop to $165 if it falls. A break above $180 signals continued gains.
Solana's future remains uncertain. Watch social sentiment and technical indicators for clues.
#Solana #solanAnalysis #SOL $SOL
LIVEKhetran
--
Haussier
#solusdt
After breakout Towards $180 Mark My words 🚀🚀
#CryptoWatchMay2024 #write2earn🌐💹 #solusdtfuturetrading $SOL
After breakout Towards $180 Mark My words 🚀🚀
#CryptoWatchMay2024 #write2earn🌐💹 #solusdtfuturetrading $SOL
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