#ETHBreaks3700 The technical analysis of Solana (SOL) against the dollar (USDT) on the weekly timeframe reflects signs of a technical recovery after a sharp correction from the previous peak of $295.83. The current price at $181.74 shows a bullish rebound, supported by breaking through the moving averages MA(7) and MA(25), indicating positive momentum in the medium term.
The candlestick formation shows relative stability after the decline, with losses being reduced and an attempt to form a higher low, supporting the scenario of gradual upward movement. The RSI at 55.83 indicates moderate momentum without overbought conditions. Meanwhile, the MACD shows a positive crossover, enhancing the likelihood of the upward trend continuing.
From a technical standpoint, the next strong resistance lies at $246.90, then $295. The nearest support is at $155, followed by a strategic support level at $139. Breaking the first resistance may push the price towards testing the previous peak, while breaking the support will lead to additional selling pressure.
