$SOL Solana 4-Hour Chart Analysis – May 7, 2025
Solana is showing signs of consolidation after a recent bout of volatility. On the 4-hour chart, SOL is currently trading at $145.40, down slightly by 0.25% in the current session. Despite the minor dip, the price remains within a well-defined range between $142 and $150, suggesting indecision among market participants.
Key Technical Observations:
Resistance Zone: The $149–$150 area continues to act as strong resistance. SOL attempted to break past this level multiple times but failed to maintain momentum, highlighting seller dominance in this range.
Support Level: SOL bounced off the $142–$143 region, showing that buyers are stepping in at this level to prevent further downside.
Volume Pattern: Volume remains moderate, indicating that neither bulls nor bears have full control. A breakout accompanied by rising volume could validate the next major move.
Trend Outlook: While the broader trend remains neutral in the short term, the market structure suggests a slight bearish bias due to lower highs since the late April peak.
