$SOL /USDT Technical Analysis – 28 April 2025
Price: $149.27 (+2.21% 24h)
Key Levels:
24h High: $150.25
24h Low: $144.63
Resistance: $153.00 – $157.00
Support: $132.73 – $144.63
Indicators:
MA(7): $149.96 (short-term support)
MA(25): $131.80 (medium-term support)
MA(99): $159.87 (major resistance)
Chart Analysis: SOL has been on a strong bullish trend since the bounce from the $95.26 low. It is currently consolidating just below minor resistance around $153. After reaching a local high at $157.00, SOL is facing selling pressure but maintaining levels above the 7-day MA ($149.96), suggesting short-term bullish momentum is still intact.
The 25-day MA is trending upwards, supporting the overall bullish structure. However, the 99-day MA at $159.87 could act as a significant resistance zone if the rally continues.
Volume: The trading volume has slightly decreased after the strong rally, signaling a potential cooling-off phase. Sustained volume above the moving averages could reignite bullish momentum.
Outlook:
A break above $153–$157 with strong volume could push SOL toward the $159–$173 resistance zone.
Failure to hold $149 support may see a retest of $144.63 or even deeper toward $132.73.
Summary:
Trend: Bullish (short-term)
Momentum: Strong but cooling
Key Focus: Watch $153 breakout or $149 support retest.
Strategy:
Bullish bias above $149
Caution if price breaks below $144
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