Technical Analysis for SOL/USDT (4-Hour Frame):
General Trend:
The trend remains bullish in the medium term.
A series of higher highs and higher lows confirm buying momentum.
Moving Averages (MA):
The price is above the short and medium moving averages (MA 20 and MA 50), supporting the continuation of the uptrend.
There are currently no bearish crossover signals.
Bollinger Bands:
The price is very close to the upper band → a possibility of a cooldown or temporary correction towards the middle (e.g., 182 – 184).
The Bollinger range is expanding → higher volatility, usually preceding a strong price movement.
RSI Indicator:
On the 4-hour frame, it is often in the range of 60 – 70 → strong momentum, but close to overbought.
Key Levels:
Important Support: 178 – 182 USD (a good test for buying during a correction)
Nearby Resistance: 188 – 190 USD → breaking this opens the door to levels of 200+
Proposed Trading Strategy:
Position Entry Area Stop Loss First Target Second Target
Buy on Correction 182 – 184 176 188 198 – 200