$SOL

SOL/USDT Analysis – 26 April 2025

Current Price: 150.35 USDT

24H High: 157.00 USDT

24H Low: 149.87 USDT

24H Volume: 548.97M USDT

Technical Overview:

Trend: Bearish pressure dominates in the short term, as shown by the declining Parabolic SAR (yellow dots) and MACD trending below the signal line.

Support Level: Immediate support is at 149.87 USDT (24h low). A breakdown below this could lead to further declines towards 148.00 USDT and 145.00 USDT zones.

Resistance Level: Resistance is seen at 152.65 USDT and stronger at 155.79 USDT. Breaking above these levels could trigger a move towards 157.00 USDT and 160.00 USDT.

Indicators:

MACD: Bearish momentum persists but signs of weakening as the histogram flattens.

Parabolic SAR: Still indicates a downtrend; no reversal signal yet on the 1H chart.

Volume: Moderately high volume, suggesting active participation but lacking a strong bullish catalyst.

Short-Term Strategy:

Bullish Scenario: Watch for a 1H candle close above 152.65 USDT to consider a long position targeting 155.79 and 157.00 USDT.

Bearish Scenario: A breakdown below 149.87 USDT could accelerate downside momentum, with targets at 148.00 and 145.00 USDT.

Conclusion:

SOL/USDT is currently consolidating near support. Caution is advised. Traders should wait for a confirmed breakout above resistance or breakdown below support before entering aggressive positions.