Solana (SOL) Trading Strategy – April 24, 2025

Current Price: $150.65 (Binance)

Market Overview:

SOL is consolidating inside an ascending triangle with support at $140 and resistance near $162. Momentum is building with RSI around 59 and a bullish MACD crossover. Bollinger Bands are tightening, signaling a breakout is near. SOL is above key EMAs with a golden cross confirmed. Strong staking growth and bullish long-term projections from VanEck ($500 target) show solid investor interest.

Key Levels:

Support: $140

Resistance: $162

Target on breakout: $180–$200

Stop-loss zone: Below $140

Patterns & Indicators:

Ascending triangle on daily chart

RSI near 60 = moderate bullish momentum

MACD bullish crossover

50/200 EMA golden cross intact

Bollinger Bands squeeze = breakout setup

Strategy:

Scalping (1H–4H):

Entry: Above $152.50

TP: $155 / $158

SL: $150

Swing Trading (Daily):

Buy dips at $145–147

Add above $162 breakout

TP: $180 / $200

SL: Below $140

Position Trading (Weekly):

Accumulate near 200D EMA (~$164)

TP: $220

SL: Below $110

Tips:

Set alerts at $150, $152.5, and $162

Use 1–2% capital per trade

Monitor staking updates, ETF flows, and volume spikes for breakout confirmation

SOL is coiling for a big move—stay ready.

tarde here$SOL