$SOL /USDT Technical Analysis – April 29, 2025

Overview:

Solana (SOL) is in a recovery phase after bottoming out at $95.26 earlier this year. The current price hovers near $149, reflecting a steady uptrend from April lows, although it's still well below the prior high of $295.83.

Daily Chart (1D):

SOL is showing a gradual upward movement, but momentum remains modest. The 5-day and 10-day moving averages are converging, signaling potential consolidation. Volume has decreased since the major sell-off, hinting at a cautious market. Resistance lies around $153.40, with support in the $129–$130 region, which previously acted as a base.

4-Hour Chart (4H):

The 4H chart reflects a range-bound market with a slight bullish tilt. Price has been fluctuating between $145 and $157, with multiple rejections at the higher end. MA5 and MA10 are tight, pointing to indecision. Key support at $144.63 has held firm, while volume remains moderate.

30-Minute Chart (30M):

Short-term price action shows consolidation between $144.63 and $153.40. Moving averages are flat, and momentum is low. A recent bounce off support near $145 suggests potential for another test of the $150 level.

Key Trading Levels:

Upside Resistance: $153.40 → Break above could target $160, then $170–$175

Downside Support: $144.63 → Break below may lead to $135, then $125–$120