Solana: Trade Notes + Beginner's Guide

26/05/2026

Solana holds a special place in this community. It's where I placed my very first trade, on a Phantom wallet, on the Solana network. The profit from that trade bought my MacBook. So when I look at this chart, I'm not just looking at a coin. I'm looking at where it all started.

Right now, SOL is one of the more interesting charts on my watchlist. Here's what it's telling me.

Why Is Solana Worth Watching?

Solana is one of the fastest and most actively used blockchains in crypto. It's where most new meme coins launch, where a huge amount of daily trading happens, and where a lot of retail interest shows up first when the market starts moving.

When Solana is strong, it usually means broader crypto appetite is healthy. When it's weak, it tends to confirm that the market is in a cautious mood. It's a good temperature check on the whole space.

The Big Picture

Looking at the daily chart, the story is straightforward. SOL had one of the biggest runs in crypto, going from around $130 all the way to $253. Then it gave almost all of it back, dropping to a low of $67.50 earlier this year.

It has since bounced and is now sitting around $84.

Before looking at anything else, find your support and resistance on the daily.

Support sits around $68. That's the floor where buyers stepped in earlier this year and stopped the drop. It's been tested and it held.

Resistance sits around $108. That's a level where price previously found support on the way down and is now acting as a ceiling on the way back up. The red moving average line is sitting right there too, which adds weight to it.

The midpoint between those two levels lands right around $87. Look at your chart and you'll notice that's almost exactly where price is hovering right now. SOL is sitting in the middle of its range, deciding which way to go next.

Key Levels

Switch to the 4H chart now.

The first thing to watch above current price is the $87 area. That's where all three moving averages are sitting right now, bunched together just above where price is trading. Until SOL gets above that zone and holds, it's the ceiling.

If it does break through, the next level worth watching is around $98. That's where the most recent swing high sits and where sellers stepped in last time.

Below current price, the $80 area is the first floor to watch. If SOL slips back there, the bounce is losing steam. Below that, the more meaningful zone is around $75, and the year low sits down near $68. That's where buyers showed up in force earlier this year and stopped the drop.

Is This Worth Watching?

Yes. SOL is at a crossroads and the compression in the moving averages means something is coming.

If the broader crypto market picks up and price pushes above that $86 to $87 cluster and holds, this chart starts looking genuinely interesting. The next area to watch above that is around $98.

If the market stays cautious and price dips back below $80, the next floor to watch is $75, and below that the $68 area where buyers showed up last time.

Two scenarios. Two outcomes. That's how I read every chart.

Mom Tip: Open SOL on your TradingView, set it to the daily, and draw your support at $68 and resistance at $108. Then switch to the 4H and look at how tight those three moving average lines are sitting together. Watch what happens when price tries to push through them. That moment, whenever it comes, will teach you more about how moving averages work than any lesson can.

What Is Solana (SOL)? A Simple Guide for Beginners

Heard people talking about Solana and felt a bit lost? That's normal. Here's what it actually is, with zero jargon, plus an honest take on how I think about trading it. I'm not going to tell you what to buy.

Short version: Solana (the coin is called SOL) is one of the bigger, faster cryptocurrencies. Bitcoin is digital gold. You hold it because it's scarce. Solana is more like a fast highway that other crypto apps get built on top of. People trade SOL because it moves a lot. That means opportunity. It also means risk.

Solana in simple terms

Bitcoin is digital gold. Slow, steady, scarce, built to hold value. (Lesson 01 covers Bitcoin properly.)

Solana is a different animal. It's a network. A fast, cheap one that other people build apps, tokens and tools on top of. The coin, SOL, is what you use to do things on that network, and it's what people trade. Its whole pitch is speed and low fees. That's why so many new crypto projects launch on it.

When I placed the trade that bought my MacBook, it was a token that launched on exactly this kind of fast network, from my Phantom wallet, at my kitchen table. So this isn't theory for me.

Why people trade Solana

It moves. SOL can swing hard in a single day. More movement means more chances to trade, and more chances to lose if you get sloppy.

It's liquid and well known. One of the larger coins, easy to get in and out of. That matters more than beginners think.

A lot happens on it. New launches and constant activity keep Solana in the conversation.

How I think about it (my approach, not advice)

I'm not telling you to buy SOL. We share our journey here. We don't dictate yours. But if I were starting again, this is how I'd handle it.

I'd paper trade it first. Watch SOL on a chart with fake money before risking a cent. (Here's how.)

I'd start tiny. If I went live, it would be with money I could afford to lose. Most moms start between $50 and $250. (More on that here.)

I'd respect the swings. A fast coin is exciting and dangerous in equal measure. I cap my risk on every trade so a bad day doesn't turn into a bad month.

I'd never chase it. If SOL already ran and I missed it, I don't jump on a moving train. We wait for the market to come to us.

Is Solana safe?

No crypto is safe the way a savings account is safe. You can lose money, and SOL's swings make that real. How risky it gets comes down to how you trade it. Paper trade first. Risk only what you can afford to lose. Cap every trade. Skip leverage while you learn. (My honest take on whether crypto trading is safe for beginners.)

Mom Tip: Don't make Solana your first ever trade just because it's exciting. Learn to read a chart on something calmer, build the habit, then bring that skill to a fast mover like SOL. The excitement is exactly what trips beginners up.

Want to actually learn this?

It's all free. Download the free MWT app to watch levels, size your trades with the calculator, and journal them. Join the free Telegram where the moms are. No course. No upsell.

Frequently Asked

What is Solana (SOL) in simple terms? Solana is a fast, low-cost cryptocurrency network that other crypto apps and tokens are built on. Its coin, SOL, is what people use on the network and trade. It's more like a fast highway than digital gold such as Bitcoin.

Why do people trade Solana? Because it's liquid, well known, and moves a lot. Big price swings mean more trading opportunities, and more risk. A lot of new crypto projects also launch on the Solana network.

Is Solana a good coin for beginners to trade? It's volatile, so it's not the gentlest place to learn. Many beginners do better learning to read charts on something calmer first, then bringing that skill to a fast mover like SOL once the habit is solid.

Is it safe to trade Solana? No crypto is risk-free, and SOL's swings make losses very real. You lower the risk by paper trading first, only risking money you can afford to lose, capping every trade, and avoiding leverage as a beginner.

How much money do I need to start trading Solana? You can learn and paper trade for free. If you go live, most beginners start with $50 to $250 they can afford to lose. You don't need thousands.

The content in this post is for educational purposes only and reflects my personal perspective on the market. It is not financial advice. Always do your own research before making any trading decisions. I am sharing my ideas, not telling you what to do with your money.