🔍 Overview:
Solana (SOL) started today with a strong corrective movement after a period of decline reaching an important support level at 141.87, then rebounded from it to currently record a price of 147.75 with an increase of 1.27% over 24 hours. Is this the beginning of a new rise? Let's analyze the technical scene closely!
📊 Technical analysis of SOL cryptocurrency on the hourly frame:
📉 Overall trend: previously bearish, but now there is an attempt to break through the short averages.
💡 Moving averages:
The price has returned to rise above MA(7) and MA(25), indicating positive short-term momentum.
MA(99) is currently forming strong resistance at approximately 148.65.
📈 MACD indicator:
Positive crossover between the MACD line and the signal line.
The histogram shows the beginning of light bullish momentum, supporting the possibility of continued positive movement.
💥 Support and resistance areas:
Resistance Price Support Price
First 148.65 First 144.70
Second 152.10 Second 141.80
Third 158.60 Third 138.50
---
🧠 What does this movement mean for investors?
As long as the price maintains trading above MA(25), this can be considered a positive signal for the beginning of a short-term rebound wave.
Breaking resistance at 148.65 and closing above it on the hourly frame may open the door towards 152–155$.
In case of failure and stability below $144.7, the price may return to test $141.8
✅ Quick recommendation:
For speculators: Watch for a break of the level 148.65 with a one-hour candle close, and enter with a stop loss below 144.7.
For investors: This area is good for monitoring only, safe entry begins after breaking 152$.
🗣️ Do you expect Solana to rise above 155$ soon? Share your opinion in the comments!
#SwingTradingStrategy #XSuperApp #PowellRemarks #CryptoStocks #MyTradingStyle