🚀 $SOL Technical Analysis April 26, 2025: Same resistance, Same pullback. BULLS need some serious POWER to break through $155-$157 Resistance Zone 🔥
📊 Market Insight
🔍 Current Price: $151.03 USD
High/Low: $157.00 / $150.00
Volume: 4.16M SOL 🔥
Change: -0.28% 🔻
MA(7) & MA(25): Bearish crossover ⚡
MA(99): Still bullish base 🛡️
MACD: Bearish momentum building ⚠️
RSI: 36 — Near oversold zone 🎯
📊 Important Levels to Watch
🔽 Support levels: A pullback to $149–150 could offer a solid entry. A break down of $147 level will trigger short-term downtrend.
🔼 Resistance levels: If #SOLANA can break $155-$157 resistance zone, $160–170 is the next target range.
💡 TRADE PLANS:
🐂 Bullish Trade Setup: A clear break out of $155.2-$157
☑️ Entry Point: $155-157 zone (wait for the break out signal with volume and RSI)
🎯 Price Target:
TP1: $162.5
TP2: $176
🛑 Stop loss: $150.9
⚠️ Reason: A break out of $155 - $157 is a clear signal that the bulls are taking control and #SOLANA is break out of this strong resistance zone $155-$157 that it failed to break out in the last 24 hours.
🐂 Bullish Trade Setup 2: A good entry after a healthy pull back
☑️ Entry Point: $149-150 zone (wait for the pull back to support level)
🎯 Price Target:
TP1: $154.7
TP2: $157
🛑 Stop loss: $147
⚠️ Reason: A healthy pull back to $149-$150 zone is a great entry point for a Long position since $149-$158 support zone has been proved to be a solid foundation of recent uptrend momentum.
🐻 Bearish Trade Setup : Short when losing support at $148
☑️ Entry point: below $147
🎯 Price Target:
TP1: $146
TP2: $143 (a breaking down from long term uptrend line)
🛑 Stop loss (SL): $150
⚠️ Reason: Losing support at $147.3-$148 zone will form a Double TOPS pattern which is bearish and may lead to stronger selling pressure to the lower support levels.
📌 Suggestion to open positions today
🔹 Watching the price action along the 4H chart's long-term uptrend line (ascending channel)
