$SOL

Based on the 4-hour chart for SOL/USDT, here are key technical insights and a possible next move:

Current Overview:

• Price: $175.84 (+2.72%)

• Recent High: $177.77

• Support: Around $159.44

• Channel: Price is moving within an ascending channel (highlighted with orange lines).

• KDJ Indicator:

• K: 80.07, D: 72.50, J: 95.21 — This indicates overbought conditions.

• Volume: Recent increase in green bars, indicating strong bullish momentum.

Possible Next Moves:

Scenario 1: Short-Term Pullback (High Probability)

• Why:

• Price hit the upper boundary of the ascending channel.

• KDJ indicator is in overbought territory (J > 90).

• Candlestick shows a wick on top (rejection at $177.77).

• Target: A potential dip toward $170–$172 (mid-channel or previous support zone).

Scenario 2: Breakout and Rally (If Bullish Volume Continues)

• If the price breaks above $178 with strong volume, the next resistance could be $185–$190.

• Watch for a confirmed breakout (candle close above channel).

Actionable Tips:

• For Buyers: Consider buying only if price retests support around $170 or breaks out with volume above $178.

• For Sellers/Shorters: Look for a rejection at $177–$178 for a short-term short opportunity.