Solana ($SOL ) Technical Analysis – April 13, 2025
Current Price: ~$152.47
Trend: Bullish
Market Sentiment: Strong buying pressure from institutions (Galaxy Digital, Upexi), ETF news also adding momentum
Key Levels:
Resistance:
$155.00 (Short-term)
$170.00 (Mid-term)
$200.00 (Long-term target if bullish momentum continues)
Support:
$145.00 (First support)
$138.00 (Stronger support zone)
Technical Signals:
RSI (Relative Strength Index): 68
Close to overbought (>70), so we may see a small pullback before another leg up.
MACD: Bullish crossover confirmed on the daily chart
Suggests strong continuation trend.
Moving Averages (MA):
Price above 50-day and 200-day MAs = bullish setup
Strategy:
Entry (Buy Zones):
Ideal Dip Buy Entry: $145–$148 zone
Breakout Entry: If SOL cleanly breaks above $155 with volume
Target (Take Profit Zones):
First TP: $165
Second TP: $180
Final TP: $200 (if bullish momentum continues)
Stop-Loss:
$138 (below support zone, in case momentum reverses)