$SOL

SOL/USDT: Reclaim or Rejection? All Eyes on $153 Resistance

Current Price: $151.31

24H High/Low: $153.99 / $148.37

Timeframe: 4H Chart (Binance)

Technical Breakdown:

1. Price Structure:

SOL is moving in a tight consolidation channel after an aggressive uptrend. This forms a potential bullish continuation pattern — but $153 is capping upside moves.

2. Momentum Signals:

RSI around 55 → Neutral with upside bias

MFI above 60 → Still healthy demand, but overextension risk is rising.

3. Liquidity Zones:

Price is coiling below key resistance, with multiple retests of $153. A breakout could attract fresh buyers.

Key Levels to Watch:

Resistance Zone: $153 – $154.50

Support Zone: $148.00 – $145.00

Breakout Trigger: Above $154.50

Breakdown Trigger: Below $145.00

Most Likely Move:

Bullish Bias, but needs confirmation breakout above $154.50. Until then, expect choppy range play between $148 – $153.

Pro Trade Setup (Aggressive Long):

Entry: $150 – $151.50

Target 1: $154

Target 2: $158+

Stop Loss: $144.90

Risk-Reward: ~1:2.2

Confirmation: 4H close above $153.60 with spike in volume

Final Word:

SOL is gearing up for a move. The longer it holds above $150, the stronger the breakout potential. If the bulls fail here, expect a fade to $145 support.

Is Solana about to snap resistance and fly — or is this a classic bull trap brewing?