Looking at 4H chart of SOL/USDT, here’s a straightforward analysis and whether $187 is realistic:

📊 Chart Breakdown:

🔹 Support Zone:

SOL has bounced twice from strong support near $140–$145, forming a short-term double bottom.

This demand zone is holding well — bullish signal.

🔹 Current Price: $150.93

Price is attempting a recovery but is still below key trendline resistance (~$157–$160).

🔹 RSI (Momentum):

RSI is recovering from oversold (now around 47.18).

Momentum turning bullish, but still needs confirmation.

🎯 Can it reach $187?

✅ Possible, but these conditions must be met:

Break and hold above $160

That’s the trendline + horizontal resistance area.

Clear resistance zones after that:

$168 (minor)

$178 (major)

$187 is final resistance from the last swing high.

Strong volume + macro market support (like BTC/ETH rising) needed for $187 push.

🔁 Simple Strategy:

ZoneAction$150–$145 supportGood long entry zone (if retested again)$157–$160Watch for breakout or rejection$168–$178Take-profit or short setup zone$187Final bull target — needs strong rally

📌 Conclusion:

Short-term: Likely bounce to $160–168

Mid-term: $187 is possible if it breaks above $160 with strong volume

Caution: If price gets rejected below $160 again, expect pullback to $145 area.

Let me know if you want a trade setup with SL/TP or breakout alert.

#solana #BTC