๐จ Solana (SOL) Technical Analysis โ May 4, 2025 ๐จ
Current Price: $145.80
24h Change: -1.68%
Market Cap: $55.8B
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๐ Technical Overview:
Solana is showing bearish potential ๐, stuck between $142 and $150. If it breaks $142, expect a drop to $135. The $150 resistance remains tough to crack.
Support: $142.50, $135.00
Resistance: $150.00, $160.00
๐ Indicators:
RSI: 48 (Neutral, but leaning bearish)
MACD: Bearish crossover โ ๏ธ
Moving Averages: 50-day MA at $148, acting as resistance
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๐ญ Market Sentiment:
The market is neutral to bearish ๐ง๏ธ, with Solana feeling the broader crypto pressure. Bitcoin and Ethereum are also facing corrections.
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๐ฎ Outlook:
In the short term, Solana could dip towards $135 if it fails to break above $150. A fall below $142 would likely confirm further downside ๐.
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๐จ Conclusion:
Solanaโs outlook is bearish for today, with key levels at $142 and $150. Watch for a potential drop to $135 if the market weakness continues โก.
