🌊 Solana Slips Below $115 — Caution as Momentum Fades

📆 Date: April 6, 2025

🕒 Timeframe: 1D (Daily Chart)

🔍 Source: TradingView | SOL/USDT (Binance)

📉 Solana continues its downtrend, now trading at $113.72, with a steep -4.4% drop on the day. It’s at a crucial support level, and the chart paints a weak short-term picture.

🔹 MACD Analysis:

MACD Line: -2.59

Signal Line: -3.13

Histogram: slightly positive

Although histogram bars are turning light green, momentum remains neutral-bearish, and no clear crossover is in sight.

🔹 RSI (Relative Strength Index):

RSI: 45.78

Still in the neutral zone, but pointing downward, suggesting sellers remain dominant. No oversold conditions yet, meaning further downside is technically possible.

🔹 Key Support: $110–$113 zone

🔹 Major Resistance: $125 short-term, then $145

🔹 High-Timeframe Resistance: $234 (last major top)

📌 Key Insights:

Price is hovering near key support, but momentum is weak across both MACD and RSI.

Absence of bullish divergence implies more consolidation or drop unless strong buying volume enters.

Watch closely for MACD crossover and RSI support reaction around 40–42.

⚠️ What to Watch Next:

A clean break below $110 could open up $100–$95 test zone.

A bounce here might only be a relief unless it reclaims $125 quickly.

For swing trades, trend confirmation is still missing — patience is key.

🧠 “Chop teaches discipline. Breakouts reward it.”

📊 Stay tuned with CryptoPulsee for real-time breakdowns!

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