Binance Square
LIVE
Crypto_Funk
@Smooth_Operator
Following
Followers
Liked
Shared
All Content
--
Watch for 160 level and 140
Watch for 160 level and 140
LIVE
BeInCrypto Global
--
Solana Traders Hold Out for Fast Turnaround After SOL Price Breaks Below $200
Solana’s (SOL) price experienced a sharp 8.03% decline in the last 24 hours, marking the first time it has fallen below the $200 level since early November. This downturn aligns with the broader market slump, which triggered widespread liquidations.

Despite the significant slip, it appears that Solana traders expected the altcoin to bounce off the lows quickly. Can it?

Solana Still Undervalued, Bulls Hopeful

Solana’s price action aligns with BeInCrypto’s December 15 analysis, which suggested that the altcoin could struggle to remain above $200.  In the piece, we cited how bears had outpaced bullish dominance as the price broke below the 20-day Exponential Moving Average (EMA).

With Solana under $200, one would expect that traders would exercise caution when betting on a price increase. But that is not the case. According to Coinglass, the Solana Long/Short ratio is rising. The Long/Short ratio shows whether traders anticipate a price increase or a decline.

When the ratio drops, it means the average expectation is bearish. But as it stands, the ratio is increasing and on the verge of surpassing a reading of 1. This rise indicates that Solana traders are confident that the recent decline will only last for a short period.

Solana Long/Short Ratio. Source: Coinglass

This sentiment could also be linked to the state of some indicators on-chain. One such metric is the Market Value to Realized Value (MVRV) ratio. The MVRV ratio measures profitability in the market and shows whether a cryptocurrency is undervalued or overvalued relative to its fair value.

Typically, a high MVRV ratio indicates notable unrealized profits in the market. In this case, holders will be willing to sell as the crypto nears the local or market top. However, a declining ratio indicates dropping gains and serves as an opportunity zone for accumulation. 

According to Glassnode’s data, Solana’s MVRV ratio currently stands at 1.45, approaching the undervalued zone. Historically, SOL price tends to reach a market top when its MVRV ratio hits around 2.83.

Solana MVRV Ratio. Source: Glassnode

This drop in the MVRV ratio indicates that SOL might be nearing a potential accumulation phase. Still, the potential recovery depends on the condition of the broader market.

SOL Price Prediction: Indicators Opt Against Quick Bounce

Solana has previously formed a bull flag that hinted at a potential run to $300. However, today’s evaluation of the daily chart shows that the outlook has been invalidated because SOL price slipped below the support line at $209.58.

Beyond that, altcoin’s trading volume has continued to decrease, with the majority in favor of sellers. If this trend persists, Solana’s price could drop to $153.97, putting long-positioned traders at a loss and reducing the likelihood of a quick rebound.

Solana Daily Analysis. Source: TradingView

Conversely, if bulls prevent the token from dropping below $170.75, the extended correction may be avoided. Solana could then rebound from under $200, potentially rising to $264.66.
LIVE
Crypto_Funk
--
$SOL
"⚠️ SOLANA ALERT ⚠️
The chart suggests a potential big correction ahead for $SOL. 📉
🔵 Bearish structure forming
🔵 Lower highs + breakdown risk
Could we see SOL revisit $160 levels?
🚨 Trade cautiously and manage your risk.
What are your thoughts? 🤔
#Solana #Crypto #TradingView #SOL"

$SOL
⚠️ SOLANA UPDATE ⚠️ In my earlier post, I highlighted the potential for a correction in $SOL 📉, and now it’s trading at $213. Here’s what to watch next: 📉 $200 – Could act as a key re-entry point. 📉 $190 – A stronger support if $200 doesn’t hold. Staying ahead in volatile markets is all about patience and strategy. 🧘‍♂️ How are you positioning yourself for $SOL? #SOL #Write2Earn! #BURNGMT $SOL {spot}(SOLUSDT)
⚠️ SOLANA UPDATE ⚠️
In my earlier post, I highlighted the potential for a correction in $SOL 📉, and now it’s trading at $213.
Here’s what to watch next:
📉 $200 – Could act as a key re-entry point.
📉 $190 – A stronger support if $200 doesn’t hold.
Staying ahead in volatile markets is all about patience and strategy. 🧘‍♂️ How are you positioning yourself for $SOL ?
#SOL #Write2Earn! #BURNGMT
$SOL
LIVE
Crypto_Funk
--
$SOL
"⚠️ SOLANA ALERT ⚠️
The chart suggests a potential big correction ahead for $SOL. 📉
🔵 Bearish structure forming
🔵 Lower highs + breakdown risk
Could we see SOL revisit $160 levels?
🚨 Trade cautiously and manage your risk.
What are your thoughts? 🤔
#Solana #Crypto #TradingView #SOL"

$SOL
🔥 XRP ALERT 🔥 The 1-hour chart for $XRP shows a classic falling wedge pattern, often a bullish reversal signal. Here's what you need to know: 📉 XRP is consolidating in a downward-sloping channel, with clear support and resistance lines. 📈 A breakout above the key resistance level at $2.41 could ignite a strong upward move. 🎯 Potential target: If the breakout occurs, XRP could aim for $2.60+ in the short term. However, caution is key! 🚨 🔍 Watch for volume confirmation on the breakout. 🔍 If rejection happens, XRP may retest support around $2.30 or lower. 💡 Are you bullish or waiting for confirmation? Share your thoughts below! #BTC100K! #XRPTrends #2024altseason #2024withBinance $BTC {spot}(BTCUSDT) $XRP {spot}(XRPUSDT)
🔥 XRP ALERT 🔥
The 1-hour chart for $XRP shows a classic falling wedge pattern, often a bullish reversal signal. Here's what you need to know:
📉 XRP is consolidating in a downward-sloping channel, with clear support and resistance lines.
📈 A breakout above the key resistance level at $2.41 could ignite a strong upward move.
🎯 Potential target: If the breakout occurs, XRP could aim for $2.60+ in the short term.
However, caution is key! 🚨
🔍 Watch for volume confirmation on the breakout.
🔍 If rejection happens, XRP may retest support around $2.30 or lower.
💡 Are you bullish or waiting for confirmation? Share your thoughts below!

#BTC100K! #XRPTrends #2024altseason #2024withBinance
$BTC

$XRP
But I see a head & shoulder pattern. This can be a start of a correction.
But I see a head & shoulder pattern. This can be a start of a correction.
LIVE
cryptocreekcopytrade
--
SOL 42% PUMP ALEERT!!!
Coin Name : #SOL
Signal Type : Long

As we can see in the chart, SOL has created a bull flag or we can say its a falling wedge. As soon as SOL breaks out of its resistance we will se SOL, moving towards 330 in no time. Also we can see that the Anchored VWAP is acting as a support, As long as we are holding the support we are long and strong. We can open a long position with good RR.

BTC.D went up significantly without too much chaos in Altcoins, and now trading under the resistance. Major move in the entire market is coming.

USDT.D has been broken its horizontal support and now the market is bullish in a broader scale.

We have grabbed a lot of liquidations which was above us. This is an indication that the money will flow into Alts now.

Trade Details:

Entry : Around 234.20 ( Join my Binance live for premium crypto signals )

TP : 330.00
SL : 215.10

$SOL

Important 👇
Click on my profile picture to join my live stream , for 2-3 free signal.
If you want premium signal you have to follow my live stream instruction.
Close, correction is on the way. See Chart on daily Timeframe.
Close, correction is on the way. See Chart on daily Timeframe.
LIVE
akbar_7030
--
any on suggestion for me$SOL
Likely to go down, check on daily time frame!
Likely to go down, check on daily time frame!
LIVE
ICT bull
--
Bullish
🚨 $SOL /USDT ALERT: BULLISH REVERSAL OR FAKEOUT? WATCH THESE LEVELS! 🚨

$SOL is trading at $236.88, showing a 3.32% gain after rebounding from a low of $215.00. The price has recovered sharply, testing critical moving averages, signaling a potential bullish continuation or a rejection near key resistance levels.

💡 Key Levels to Watch:

1. Resistance 1: $240.60 – A breakout above this could signal a push toward higher levels.

2. Resistance 2: $246.77 – Clearing this level may confirm strong bullish momentum.

3. Resistance 3: $248.36 – Breaching this could mark the start of a new uptrend.

📉 Critical Support:

$225.06 – Holding above this level is essential to maintain bullish sentiment. A drop below could see SOL retesting the $215.00 level.

Strategy:

Bullish Scenario: Enter long on a breakout above $240.60, aiming for $246.77 and $248.36, with a stop loss at $235.00.

Bearish Scenario: Short if SOL breaks below $225.06, targeting $215.00, with a stop loss at $230.00.

SOL is at a critical juncture – monitor these levels closely for the next decisive move. Manage your trades with discipline!

#SOL #Crypto #TradingSignals #Binance
Check on daily time frame, I believe a correction is on the way
Check on daily time frame, I believe a correction is on the way
LIVE
Aadiii_7
--
Bullish
$SOL WARNING: HUGE MOVE COMING!

Following a robust surge, 100 $SOL is consolidating at $237.56. The chart indicates that if support around $235 is not held, it may drop to $230. However, a breakout over $240.60 with targets of $245 and $250 is possible. Establishing a Trade:
• Long Entry: Over $240, Stop Loss: $235, Targets: $245, $250.
• Targets: $230, $225, stop loss: $240, short entry: below $235. The market is bullish with higher lows, but it could turn negative if it is rejected at resistance. Be careful!

#ETHOnTheRise
"🚀 LUNA is on the MOVE! 🚀 With #LUNA showing a solid 11% gain today, breaking out of consolidation, the bullish momentum seems to be kicking in. 📈 Next key target: $0.85+ Will this breakout take LUNA to new highs or face resistance soon? 🌕 Ride the trend or wait for confirmation? What’s your play? #LUNA #Crypto #TradingView #Binance $BTC $SOL $LUNA {spot}(BTCUSDT) {spot}(SOLUSDT) {spot}(LUNAUSDT)
"🚀 LUNA is on the MOVE! 🚀
With #LUNA showing a solid 11% gain today, breaking out of consolidation, the bullish momentum seems to be kicking in.
📈 Next key target: $0.85+
Will this breakout take LUNA to new highs or face resistance soon?
🌕 Ride the trend or wait for confirmation? What’s your play?
#LUNA #Crypto #TradingView #Binance
$BTC
$SOL
$LUNA


$SOL "⚠️ SOLANA ALERT ⚠️ The chart suggests a potential big correction ahead for $SOL. 📉 🔵 Bearish structure forming 🔵 Lower highs + breakdown risk Could we see SOL revisit $160 levels? 🚨 Trade cautiously and manage your risk. What are your thoughts? 🤔 #Solana #Crypto #TradingView #SOL" $SOL {spot}(SOLUSDT)
$SOL
"⚠️ SOLANA ALERT ⚠️
The chart suggests a potential big correction ahead for $SOL . 📉
🔵 Bearish structure forming
🔵 Lower highs + breakdown risk
Could we see SOL revisit $160 levels?
🚨 Trade cautiously and manage your risk.
What are your thoughts? 🤔
#Solana #Crypto #TradingView #SOL"

$SOL
Bro atleast hide Sanju ji’s phn no
Bro atleast hide Sanju ji’s phn no
Quoted content has been removed
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number

Latest News

--
View More

Trending Articles

avatar
Trisha Saha
View More
Sitemap
Cookie Preferences
Platform T&Cs