$SOL

Technical Analysis of Solana (SOL) – April 18, 2025

1. Latest Price Trend

In today's trading session, SOL recorded an increase of about +2.42%, with a daily high of $135.84 and a low of $131.13. This movement indicates that buying strength is starting to come in, but it is not yet enough to break through key resistance levels.

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2. Technical Indicators

a. Moving Averages (MA)

MA 9 and MA 20 indicate buy signals, suggesting a strengthening short-term trend.

However, MA 50 and MA 100 are still in a bearish position, indicating that in the medium and long term, the trend is still inclined downward.

MA Conclusion: Neutral-tending positive.

b. Relative Strength Index (RSI)

RSI is around 54, still in neutral territory.

This indicates that SOL is not yet in an overbought or oversold condition, leaving room for movement in both directions.

c. MACD (Moving Average Convergence Divergence)

The MACD histogram is beginning to show the potential for a bullish crossover.

This could be an early signal for upward movement if confirmed in the coming days.

3. Support and Resistance Levels, Outlook, and Strategy

Bullish Scenario: If SOL can break and hold above $135, the potential to test the $147–$150 level is wide open. A daily close above $150 could indicate a medium-term trend reversal.

Bearish Scenario: A failure to break $135 and a correction below $125 will open the way for SOL to test back to the $115 level or even $110.

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5. Conclusion

Solana shows interesting potential for technical recovery, supported by early signals from the RSI and MACD indicators. However, further confirmation is still needed, especially from a breakout above the $135–$147 resistance area. For short-term traders, pay attention to volume and price reactions around key areas. For long-term investors, accumulation could be considered if the price returns to the $110–$120 zone.