Current price: 151.86 USDT
Analysis time: April 26, 2025
1. Daily level analysis (mid to long-term trend)
Yesterday's review:
On April 25, SOL successfully built a bottom and rebounded around 145, with the daily line closing with a small bullish candlestick with a lower shadow, indicating strong support below.
Current Form:
The Bollinger Bands are starting to converge, and the price is above the middle band;
The 5-day and 10-day moving averages are turning upwards, forming a short-term golden cross, initially reversing the bearish trend;
MACD is about to form a bottom golden cross, with red bars initially increasing;
The RSI indicator has risen to around 48, indicating a balance between bullish and bearish forces, with a high probability of upward breakthrough.
Daily conclusion: SOL has completed a phase of bottoming out on the daily chart, and a short-term rebound has begun, expecting to continue a bullish trend today.
2. Four-hour line analysis (mid-term rhythm)
Technical structure:
SOL has completed a W-bottom pattern on the four-hour level, with the neck line around 152.3, and the current price is attempting to break through;
The Bollinger Bands are opening upwards, and the price is moving along the upper band, characteristic of a strong bullish trend;
EMA20, EMA50, and EMA100 moving averages are about to form a triple golden cross, creating a mid-term resonance bullish signal;
Trading volume is gradually increasing, indicating signs of capital inflow into the market.
Four-hour conclusion: Once stabilizing effectively above 152.3, SOL is expected to quickly rise to the next significant resistance zone between 158-160.
3. One-hour line analysis (short-term entry strategy)
Trend observation:
The middle band of the SOL one-hour Bollinger Bands continues to rise, and the price oscillates between the middle and upper bands, maintaining a healthy upward rhythm;
MACD continues in a golden cross state, with momentum bars remaining red;
The KDJ indicator shows a short-term need for pullback, but overall it is still operating in a strong zone.
Opening position: 151.85
First target level: 156.00
Second target level: 160.00
Stop-loss position: 148.00
