$SOL READY for sky 🚀SOL/USDT #
Based on the 4-hour chart, Solana (SOL) is trading at $128.69, showing a slight upward momentum. The key indicators suggest a neutral to slightly bullish outlook for the coming week.
Technical Analysis Summary:
1. Support & Resistance:
Support Levels: $124.61, $121.76
Resistance Levels: $131.84, $136.71
2. Moving Averages (MA & EMA):
The 7 EMA ($129.08) is slightly below the price, indicating potential short-term support.
The 25 EMA ($132.97) is above the price, acting as resistance.
3. RSI (Relative Strength Index) – 47.05:
RSI is near the neutral zone, suggesting neither overbought nor oversold conditions.
4. Volume Analysis:
Volume is moderate with no strong breakout confirmation.
Prediction:
If SOL breaks above $132, it may test $136+.
If SOL falls below $124, it could revisit $121 support.
Likely scenario: Range-bound movement between $124 – $132 with a slight bullish bias.