$SOL Update – The Calm Before the Next Increase or Another Collapse Coming?
Solana is moving sideways after a volatile journey, holding above the key support but still caught in a struggle between bulls and bears.
📊 A Glimpse at the Moving Averages:
EMA(7): $153.38 – Short-term Limit
EMA(25): $152.07 – Pivot Area
EMA(99): $155.21 – Bullish Breakout Level
🚀 Key Resistance Levels:
$153.38 – First Obstacle (EMA 7)
$155.21 – Strong Resistance (EMA 99)
$157.38 – Local Peak
Breaking above $158.80 may ignite a rise to $163.57
🛡️ Support to Watch:
$147.47 – 24-hour Low
$145.00 – Key Psychological Barrier
$140.21 – Strong Demand Area for Buyers
🔍 Setup for the Next Move:
Bullish Scenario: A rise above $153.38 may indicate new momentum and challenge $158+.
Bearish Risks: A drop below $147.47 could open the door to $145 or even $140 in a deeper correction.
🕒 A Look at the Timeframe:
4-Hour Chart: Consolidation Range in Play
1-Day Chart: Structure Still Leans Bullish, but Needs Confirmation
📢 What’s Your Opinion?
Will SOL breakout towards $160+, or is a short-term correction more likely? Let us hear your analysis 👇