Solana (SOL) Technical Analysis – Key Levels & Volume for Breakout
Support Levels:
1. $140 – First strong support zone. If SOL stays above this, bullish momentum can continue.
2. $120 – Second major support. If $140 fails, $120 could be the next area where buyers step in.
Resistance Levels:
1. $147 – Immediate resistance. A breakout above this could trigger a rally.
2. $160 – Big resistance (also near 200-day Moving Average). Needs strong momentum to clear.
3. $176 – Next target after $160 if breakout is strong.
4. $184 – Full bullish extension target.
Summary:
Above $147, SOL can move toward $160, $176, and $184.
Below $140, watch for a possible drop to $120.
Volume Needed for Solana (SOL) Breakout
Look for at least 1.5× to 2× the average 4-hour volume when SOL crosses above $147.
Example:
If normal 4H volume is 500,000 SOL,
Then breakout candle should have at least 750,000 to 1,000,000 SOL traded.
Breakout = Big Candle + Big Volume Bar (Volume bar bigger than last 10–20 candles)