$SOL /USDT – 1H Technical Analysis
Trend Overview:
Solana (SOL) is in a short-term uptrend on the 1H chart. Price action is printing higher highs and higher lows, showing good bullish structure, but it's approaching a key resistance zone where pullbacks are possible.
Key Levels:
Resistance:
$156.50 – Immediate resistance, price has rejected here several times.
$160.00 – Psychological level and next key resistance if $156.50 breaks.
Support:
$151.00 – Local support and previous breakout area.
$148.00 – Stronger support if $151 fails.
Indicators:
EMA 50 and EMA 200:
Price is above both the 50 and 200 EMAs, confirming bullish momentum.
50 EMA is acting as dynamic intraday support.
RSI:
RSI is around 67, approaching overbought territory — suggests cautiousness for potential short-term pullbacks.
MACD:
MACD is bullish but flattening out slightly — early signs that momentum could slow near resistance.
Chart Pattern:
Ascending Channel:
SOL is moving inside an ascending channel.
As long as it stays within this channel, the trend remains bullish.
A clean breakout above $156.50 could trigger strong upside toward $160.00–$162.00.
Volume:
Volume is decreasing slightly during the approach to resistance — indicating a potential need for a volume spike to push higher.
Conclusion:
Bias: Short-term bullish while above $151.00.
Above $156.50: Expect continuation toward $160.00+.
Below $151.00: Risk of a deeper pullback to $148.00 support.
