$SOL | #solana Momentum cooling or prepping for breakout? Let’s break it down.
🕐 Timeframe: 4H
🔹 Key Price Zones
Support zone: ~$140–147 — previously tested with repeated bounces .
Mini resistance: ~$157 — intermediate level that had flipped roles before .
Major resistance: ~$185–188 — a strong supply zone with multiple past rejections .
🔹 Price Action & Structure
Current price: ~$151, comfortably inside the support zone .
Chart pattern: Forming an ascending triangle on 4‑hr — a bullish continuation setup .
Higher lows: The recent bounce off ~$140 confirmed a short-term structural pivot .
🔹 Indicator Snapshot
4H MACD & RSI: Bullish momentum—MACD above signal, RSI ~64 .
Supertrend & EMAs: Supertrend flipped bullish at ~$136–137; price above 20/50‑EMA .
Volume & BB: Bollinger Bands are widening; volume building on upside rides .
🔹 Scenarios & Trade Levels
🟢 Bullish Outlook (Main Bias)
Entry trigger: Break and 4‑hr close above $157
Targets:
First: $185–188
On further rally: look toward $200+ based on historic resistance
Stop-loss: Below $147 (end of support zone)
🔴 Bearish Risk
Breakdown trigger: Close below $140
Targets:
Drop to $132
If bearish momentum intensifies, possible return to $126–130
Stop-loss: Just above $147–140 zone
Summary Table
Situation Level Trade Idea
Bullish Breakout Break > $157 Buy; SL ~$147; TP1 ~$185–188; TP2 beyond $200 if momentum holds
Range Play $147–157 range Buy dips near support; short near mini‑resistance
Bearish Breakdown Close < $140 Short; SL ~$147; TP1 ~$132; TP2 ~$126
🧠 Final Take
Solana's 4‑hour chart shows a bullish structure—ascending triangle, rising EMAs, positive indicators, and increasing volatility. The $157 breakout is key for a run toward the $185–188 zone, while a breakdown under $140 will erase the bullish case, potentially leading to deeper downside.
