SOL/USDT Analysis (4-hour timeframe)
Current technical situation:
The price is currently at 181.76 USDT after a rise 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 recently tested and has not yet broken.
The RSI indicator is at 73.43 in the overbought zone, which may indicate a short correction before continuing to rise.
The MACD indicator is in the positive zone but momentum is slowing down a bit.
Important areas:
Support: 179.40 – 174.30 – 169.10
Resistance: 183.35 – 184.50 – 190.00
Recommendation:
If the price breaks the level of 183.35 with a strong trading volume on a 4-hour candle close, buying is possible with a target of 184.50 then 190.00.
If the breakout fails, a correction towards 179–174 is likely, which are suitable areas to buy again.
It's preferable to place a stop loss below 174.00 to reduce risk.
I see that the current movement may be an attempt to break through strong resistance, but safe entry is after confirming the break or buying at support if a correction occurs.