$SOL USDT Technical Analysis & Trade Signal

Current Price: 147.98

Reference Level: 147.98

Timeframe: 4H Chart

Market Overview

Solana ($SOL ) is currently consolidating near 147.98 after recovering from recent lows around 138.00. The level at 147.98 is critical — it has acted as a previous support-resistance flip and now serves as a mid-range decision zone for the next directional move.

The trend remains moderately bullish as long as SOL holds above 144.50, but strength above 149.80 is needed to confirm continuation.

Trade Setup: Conditional Long Bias

Entry Strategy A – Support Hold:

– Entry Zone: 146.50 – 148.00

– Criteria: Bullish candle confirmation above 147.98 or strong wick rejection on retest

– Ideal for conservative buyers expecting a range expansion

Entry Strategy B – Breakout Entry:

– Trigger: Price breaks and holds above 149.80 with solid volume on the 1H or 4H candle

– Momentum continuation setup aiming for fresh local highs

Targets (Take-Profit Levels):

– Target 1: 153.20 → Local resistance from last swing high

– Target 2: 157.80 → Mid-range resistance zone

– Target 3 (Extended): 162.50 → Psychological level and potential breakout area

Stop Loss Levels:

– Conservative SL: below 144.50 (under structure support)

– Aggressive SL: below 142.80 (under prior consolidation base)

Technical Insights:

– SOL is above the 7 and 25 MA on the 4H chart, but facing pressure at the 99 MA

– RSI hovering near neutral; a breakout with increased volume would confirm momentum

– Volume remains moderate; breakout needs a surge to sustain

Conclusion

147.98 is the key pivot level. If SOL holds above it, the market may continue pushing toward 153+ targets. A breakdown below 144.50 would signal weakness and invalidate the current bullish bias. Monitor volume and BTC/ETH correlation closely before entry.

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