Good evening! What to expect from $SOL

Asset: SOL/USDT

Timeframe: 1 hour

Expiration time: 12 hours

On the hourly chart of SOL/USDT, after rising from ~$125 to a peak of around $142, a correction began: the price slid to $136–$138, where a “double bottom” was formed. The Stochastic (14,1,3) has exited the oversold zone, hinting at a buying rebound. Trading volumes have decreased, BBP is around zero – the market is awaiting a signal.

Key levels

– Support: $136, $134

– Resistance: $142, $145

Forecast

In the next 12 hours, a rebound to $142–$144 is likely if support at $136–$137 holds. If $136 holds – we prepare for a retest of the highs. A break below $136 could open up a correction to $132–$130.

News on SOL (Binance Square)

– Binance Square is preparing to launch SOL futures – institutions will attract additional liquidity.

– Solana has completed testing “Firedancer” – a new validator client to enhance stability and reduce fees.

– The activity of DePIN projects and NFT marketplaces on Solana is increasing, stimulating demand for SOL as a gas token.