solana goes to 150 than 200 and moving forward to 300$ soon 🔥
Gk_Aronno
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SOL/USDT May SOL lose the weekly support? Key Level to buy!
$SOL
Hey traders! 👋 Let’s dive into the weekly chart for SOLUSDT.
📊 Current Price Action:
SOL is trading at $112.20, down 10.96% on the weekly chart. The price has been consolidating in a "Buying Zone" between the weekly support levels of $110.17 and $131.68. This zone has historically acted as a strong base, with the price bouncing from this area multiple times since late 2023.
🟢 Buying Zone and Support:
The current price is sitting in a critical "Buying Zone" between $110.17 and $131.68. This area has acted as a springboard for previous rallies, and if SOL holds above $110.17, it could be a good opportunity for accumulation. A break below $110.17, however, might lead to further downside toward the next support at $80.18 or even $54.00.
🎯 Target:
If SOL manages to break through the $195.71 resistance, the next major target is its previous ATH at $260. I’ve projected a potential move to $295.71, which would be a 95.71% increase from the current price of $112.20. This target aligns with the historical price structure and Fibonacci extensions.
⚠️ Risk Management:
Keep an eye on the $110.17 support. A weekly close below this level could signal bearish momentum, potentially driving the price toward lower supports. On the upside, watch for a strong breakout above $195.71 with high volume to confirm the bullish scenario.
What do you think about SOL’s setup? Are you bullish or bearish on Solana? Let’s discuss in the comments!
I bought it for 217$ at $SOL and look at its condition today; a few days ago I bought $pi for 1.19$ and look at its condition today, it's around 0.80. Very bad luck.
🗣Solana at $3800 - is it realistic? Crypto analyst Ali noticed that a "cup with a handle" is forming on the SOL chart, a classic pattern that could send the price towards $3800. For now, Solana is trading around $130 and is under pressure. Believe? 👇
🗣Solana at $3800 - is it realistic? Crypto analyst Ali noticed that a "cup with a handle" is forming on the SOL chart, a classic pattern that could send the price towards $3800. For now, Solana is trading around $130 and is under pressure. Believe? 👇
Solana recovers and recover very fast and very soon
TopCryptoNews
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🟣 Solana ($SOL ) on Verge of Death Cross Amid Market Sell-off: Potential Scenarios
Solana (#SOL ) is approaching a critical technical juncture as it nears the formation of a "death cross," a pattern that often signals potential bearish momentum.
A death cross occurs when the 50-day simple moving average (SMA) of an asset's market price falls below the 200-day SMA. Right now, the Solana price's 50-day SMA, currently at $188.71, has turned downward, indicating a potential crossover with the 200-day SMA at $184.03 in the coming days.
The impending crossover indicates that short-term momentum, represented by the 50-day SMA, is underperforming the long-term average.
This development is significant, especially when sentiment is already sour, as on the cryptocurrency market.
Cryptocurrency prices extended their slide on Monday as diminishing prospects of further Federal Reserve rate cuts stoked a sell-off on the markets. Risk assets like crypto are under pressure; U.S. equities also slumped as investors sought refuge.
🔸 Potential scenarios ahead
Solana is on track to mark its fifth consecutive day of declines since March 6, reaching $120.35 in Monday's session, the lowest level since September 2024. At the time of writing, SOL has dropped 5.11% in the past hour, 9.11% in the last 24 hours to $121.12 and 23.10% weekly.
The last time Solana saw a death cross was in September 2024, which saw its price confirming a bottom before it began to rise. In the two months that followed, SOL reached highs of $264 after previously posting a golden cross.
Another possibility is that the formation of a death cross may cause SOL to decline. Key support levels to watch include $109 and $88. If Solana manages to hold above critical support levels, it could potentially attract buyers looking for value, leading to a price rebound.
On the other hand, if the SOL price has confirmed a bottom, it might consolidate a little while before its next major move.
solana never dead a fastest blockchain in the world 🌎
TopCryptoNews
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🟣 Solana ($SOL ) on Verge of Death Cross Amid Market Sell-off: Potential Scenarios
Solana (#SOL ) is approaching a critical technical juncture as it nears the formation of a "death cross," a pattern that often signals potential bearish momentum.
A death cross occurs when the 50-day simple moving average (SMA) of an asset's market price falls below the 200-day SMA. Right now, the Solana price's 50-day SMA, currently at $188.71, has turned downward, indicating a potential crossover with the 200-day SMA at $184.03 in the coming days.
The impending crossover indicates that short-term momentum, represented by the 50-day SMA, is underperforming the long-term average.
This development is significant, especially when sentiment is already sour, as on the cryptocurrency market.
Cryptocurrency prices extended their slide on Monday as diminishing prospects of further Federal Reserve rate cuts stoked a sell-off on the markets. Risk assets like crypto are under pressure; U.S. equities also slumped as investors sought refuge.
🔸 Potential scenarios ahead
Solana is on track to mark its fifth consecutive day of declines since March 6, reaching $120.35 in Monday's session, the lowest level since September 2024. At the time of writing, SOL has dropped 5.11% in the past hour, 9.11% in the last 24 hours to $121.12 and 23.10% weekly.
The last time Solana saw a death cross was in September 2024, which saw its price confirming a bottom before it began to rise. In the two months that followed, SOL reached highs of $264 after previously posting a golden cross.
Another possibility is that the formation of a death cross may cause SOL to decline. Key support levels to watch include $109 and $88. If Solana manages to hold above critical support levels, it could potentially attract buyers looking for value, leading to a price rebound.
On the other hand, if the SOL price has confirmed a bottom, it might consolidate a little while before its next major move.
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