Solana ($SOL ) has recently caught traders’ attention as it shows signs of recovery on the 4-hour chart against USDT. After pulling back from its recent peak, the price action now hints at a potential bullish reversal. Let’s break down the technical landscape and what it could mean for your next move.

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Price Overview

Current Price: $170.95

24H High / Low: $171.58 / $164.51

Recent Swing High: $184.88

Recent Swing Low: $160.05

SOL has rebounded from the $160 zone and is now trading just under a key resistance level. The market is watching closely to see whether it can break through the $171.50 barrier and maintain momentum.

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Key Technical Indicators

1. Parabolic SAR Flips Bullish

The Parabolic SAR dots, which track trend direction, have just moved below the candles, signaling a potential trend reversal. This flip is one of the first signs that bullish momentum may be returning.

2. Moving Average Crossover

The short-term moving average (MA 5) has crossed above the mid-term average (MA 10), a classic bullish crossover. This suggests rising short-term strength, especially if supported by increasing volume.

3. Volume Trends

Volume spiked heavily near the $160 support level, suggesting strong buyer interest at the dip. While current volume is moderate, a surge in green candles with volume would be a confirmation signal for a breakout.

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Support and Resistance Levels

Immediate Resistance: $171.50

Next Resistance: $177.94, followed by $184.88

Strong Support: $160.05

Major Support: $151.10

A breakout above $171.50 with strong volume could push SOL toward the next resistance cluster around $177–$185. On the other hand, failure to hold above $160 may send the asset back toward the $151 support region.

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Trend Insights

In the 4-hour timeframe, Solana is currently showing sideways-to-bullish price action. After its correction from $184, the market is attempting to form higher lows, indicating potential accumulation.

From a broader perspective:

30-Day Performance: +25.25% — strong medium-term uptrend

7-Day Performance: -4.53% — recent correction phase

180-Day / 1-Year: Still negative, suggesting long-term holders remain cautious

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Trading Outlook

Bullish Setup:

Entry Zone: $171.60–$172.00 (after breakout confirmation)

Targets: $177.90 / $184.00

Stop-loss: Below $168 or $160 (based on risk tolerance)

Bearish Scenario:

If the price fails to break resistance and slips under $160, expect a move toward $151.

Entry: $169 (after bearish confirmation)

Target: $160 / $151

Stop-loss: Above $172

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Final Thoughts

Solana is approaching a critical level. With a Parabolic SAR flip, bullish MA crossover, and a solid bounce from support, traders should watch closely for a volume-backed breakout above $171. If confirmed, it could mark the start of a short-term rally.

As always, risk management is key. Use tight stop-losses and wait for confirmation before entering trades.

Trade smart. Stay safe. And keep watching Binance for the latest price action.

DISCLAIMER ⚠️

This is just my analysis #DYOR* .