Very Bullish!!
Solana chart looks very bullish. The price is currently dropping but I think it is a very healthy correction.
Weekly chart:
1) all momentum indicators just entered the bull zone.
2) The chart is forming higher highs.
Daily:
1) EMA55 finally crossed EMA200. The last time they crossed was October 2023 (see red vertical line in the chart) and it was the beginning of the macro bull trend.
2) Momentum indicators have reached overbought territory and crossed to the downside, however, given weekly momentum indicators have just entered the bull zone, this move is likely to be corrective action.
3) When EMA55 and EMA200 cross, the price often retraces initially to EMAs (21, 55 or 200). Once it completes the pull back, I anticipate the price to move to the previous ATH and beyond.
This is the time when high leverage trading volume increases.
Be careful not get wicked out. Focus on monthly/weekly/daily charts and ignore the noise in the lower timeframes.
SOLVVS_80FDCC.USD trade ideas
SOLUSD – Recovery Faces Wall at $193SOL broke below $198, hitting a low near $179, confirming the short trigger from the last setup. Since then, it’s building a grind-recovery, reclaiming $189 but stalling at a confluence zone ($191.84 resistance and SMA200 near $193.11). RSI at 59.41 still favors buyers — but SOL needs a clean break above $193+ to shift back into bullish territory.
Solana Approaching Key Resistance: watch for $219Hello guys!
Solana has been trending strongly inside a rising parallel channel, recovering steadily after a significant 33% correction. The bullish momentum is clear, and the price is now approaching a key resistance zone near $219.84, which previously acted as a major turning point.
Here’s what I’m watching:
Strong uptrend within the pink channel shows controlled and healthy growth.
$219.84 is a critical decision zone. Price could:
React with a pullback before pushing higher,
Or break through it and flip the level into support for the next bullish leg.
The reaction in this zone will determine the next structure.
Whether we see a temporary correction or continuation to new highs.
SOLANA ready for Explosion? Textbook Elliott Setup unfoldingSolana – Textbook Elliott Wave Structure Unfolding!
Clear impulsive fractals, textbook ABC corrections, and precise Fibonacci reactions – this 1h chart on CRYPTOCAP:SOL is a dream for any Elliottician.
We’re currently finishing wave C of (4) within a well-formed bullish impulse. Key support lies between $170–$173, aligning perfectly with the 38–50% retracement zone. From there, I expect wave 5 to launch, targeting $232.46 (1.618 extension), which would complete the green (3) wave.
Both RSI and MACD suggest we're approaching exhaustion – a healthy reset here could provide the perfect setup for the next breakout.
🔹 Are you bullish on Solana?
🔹 What chart would you like me to analyze next?
👇 Let me know in the comments and feel free to follow for more detailed Elliott Wave crypto setups.
#Solana #ElliottWave #CryptoTA #TechnicalAnalysis #Wave5 #Fibonacci #BullishSetup #Altseason #CryptoBreakout #SOLUSDT #TradingView
SOL: Clean Fakeout & Two Bearish Scenarios AheadHello guys!
Price just created a textbook fakeout above the resistance zone, grabbing liquidity and quickly dropping back into the range!
Here’s what the chart is showing:
Price is still inside the ascending channel, but the breakout attempt failed
The MPL (maximum pain level) around $162.30 is the key downside target
Two possible paths:
S1: Direct drop from here toward the MPL
S2: Another move up to retest the highs or form a lower high before the deeper drop
I think the S2 is more probable!
Opened longI opened a long position.
Ideally it is safe to wait for EMAs to line up for the bull trend (EMA21 > 55> 200) in the Daily chart. However, there are many indications that the price will start to move to the upside and the upside move might be quite aggressive. So I decided to open a long position with a small position size.
The reasons for opening a long position:
Daily:
Bull candle has closed above EMA21 for a few times.
RSI lines have crossed and entered the bull zone.
MACD lines are about to enter the bull zone.
Stochastic lines are above to cross and move up.
The price has been staying above Fib 0.236 level for about 10 days.
The price has broke and closed above the descending parallel channel.
4H:
All momentum indicators are in the bull zone.
EMA21 is above EMA 55.
The price has closed above EMA200.
The price is consolidating above the top descending parallel channel.
It is not the perfect bull trend set up, however, there are enough confluences for the price to start to move to the upside.
Entry price: $142.59 (blue horizontal line in 4H chart)
Stop Loss: $130.40 (red horizontal line in 4H chart)
Target: $195 (green horizontal line: Fib 0.5 level in Daily chart and fair value gap zone)
$178 is a strong support and resistance area, so if it starts to stall, I might take a partial profit.
Fingers crossed.
Solana's Bearish 5-0 is Locking in a Bearish Reversal to $26.40Solana has recently run up to Horizontal Resistance Zone of $195-$210 aligning with the PCZ of a Bearish 5-0 and has begun to impulse downwards with volume to back it. This could be the start of a greater move down that would take SOL back to the low of the distributive range at $95.16. If the level breaks, we would then target a drop down to the $40.72-$26.40 confluence area aligning with the all-time 0.886 retrace as well as the 1.618 extension from previous swing low to high. Only at these levels could we even possibly begin to consider Bullish Entries on Solana.
Solana Holds Firm Above VWAP and TrendlineFenzoFx—Solana remained above the ascending trendline and the monthly VWAP, currently trading sideways inside the wedge.
Critical support is at $173.3, and the market outlook remains bullish above this level. If this demand level holds, we expect Solana to resume its bullish trajectory and target the recent highs at $206.4.
$SOLUSD: Scaling LawsResearch Notes
Progressions here are evident so I'll use the historic bits and organize them into structure that would determine the levels inside dark highlighted zone of the local scope.
If we scale back, it's hard to avoid the massive drop that structurally can serve as reference point.
$SOL🚨 CRYPTOCAP:SOL Bullish Flag Forming 🚨
Solana is currently setting up a clean bullish flag pattern. We’re watching the $195 level closely a breakout above that zone could confirm a continuation to the upside.
However, confirmation is key we’ll need to see strong momentum and volume to validate the move.
👀 On the downside, there's liquidity building around $171. If price dips into that zone, we might see buyer activity spike possibly creating a new wave of volatility.
SOLUSDI can't say I'm a big fan of this chart setup. Sure, it's ascending triangle, but it has a lot of touches of support, and there's a huge gap to the VPVR shelf below. It's even lower than the candle support. It kind of shows you that all the action, all the volume happened way earlier in the chart, and recently, there hasn't been a lot of volume. SOL is running on fumes in my humble opinion. I think the risk is to the downside, but I'll be mistaken if volume suddenly picks up, and creates an ascending triangle breakout. I just don'e see it. I see trepidation on support.
Solana Has Broken This Important Resistance LevelTrading Fam,
Things are definitely heating up in the altcoin space. Two big key movers are ETH and SOL. Right now SOL has broken a very important resistance level in the neckline of this inverse H&S pattern. Watch closely. If the body of our daily candle closes above this today and remains above it tomorrow, this pattern is in play and our target would be around $275.
✌️Stew