$SOL is picking up breakout strength after 24h struggles between $145 -$149 range.

Solana (SOL) is trading at $149.87, showing a modest increase of 0.54% for the day. The intraday high reached $150.24, while the low touched $145.95.​

🔍 Technical Overview

Current Price: ~$149.87

24h Range: $145.95 – $150.24

Key Support: $145

Key Resistance: $152​

Solana is currently trading in a tight range between $145 and $152, indicating a potential breakout scenario. The price action resembles a coiling pattern, building pressure for a significant move. ​

📈 Trade Setup

Support Bounce:

Entry Point: Around $145

Stop-Loss: Below $142

Target 1: $150

Target 2: $155​

📊 Indicators & Sentiment

RSI (14): Neutral (~50)

MACD: Slight bullish divergence

Market Sentiment: Neutral to slightly bullish​

Technical indicators suggest a neutral stance, but the coiling pattern indicates a potential for a significant move. Traders should watch for a breakout above $152 or a breakdown below $145 for directional cues.

Buy and trade SOL here