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Analysis of SOL/USDT (4-hour frame)

Current technical situation:

The price is currently at 181.76 USDT after an increase of +2.29%.

The price is above all important moving averages (EMA7 = 179.44, EMA25 = 174.36, EMA99 = 173.22) indicating a bullish trend in the near term.

There is nearby resistance at 183.35 which the price has recently tested but has not yet broken through.

The RSI indicator is at 73.43 in the overbought zone, which may indicate a possibility of a short correction before continuing to rise.

The MACD indicator is in the positive zone but the momentum is slowing down slightly.

Important areas:

Support: 179.40 – 174.30 – 169.10

Resistance: 183.35 – 184.50 – 190.00

Recommendation:

If the price breaks the 183.35 level with a strong trading volume closing a 4-hour candle, a buy can be executed targeting 184.50 then 190.00.

In case of a failure to break, a correction towards 179–174 is likely, which are suitable areas to buy again.

It is advisable to set a stop loss below 174.00 to reduce risk.

I see that the current movement may be an attempt to break a strong resistance, but safe entry is after confirming the break or buying at support if a correction occurs.