$SOL / USDT – Technical Analysis (4H – Time Frame)
Solana ($SOL ) is currently trading around $175.63 USD, reflecting a slight correction after reaching an intraday high near $186.61
Key Levels
Supports:
• $175: immediate technical level; area where buyers are entering strongly
• $163–$165: corresponds to the relevant moving average and an area where it usually finds support on pullbacks
Resistances:
• $180–$186: resistance over which it is consolidating; key to confirming a new bullish momentum
• $200: psychological and technical zone that would allow access to more aggressive rises, according to formative patterns
Technical Analysis:
• A “cup and handle” pattern seems to be forming in larger time frames, with a potential bullish target up to $1,315 USD, though that depends on a sustained breakout above the current consolidation zone (~$200)
• From a more immediate perspective (4H), if it manages to break with volume above $186, it could look for resistances at $195–$205
• Transaction volume on the network has grown for six weeks, which is a sign of accumulation and increasing usage, especially driven by projects like Pump.fun and LetsBonk.fun in the Solana ecosystem
• Technical indicators like RSI, MACD, and candles show mixed signals; momentum requires confirmation. But support at $175 remains a good level to watch for a possible re-entry.
Conclusion and Scenarios:
Current trend: In a consolidation zone with the risk of falling if support at $175 is not maintained.
Bullish scenario: A clear breakout with volume above $186 could lead $SOL towards $195–$205, and eventually push towards the range of $200–$215 if volume strength is maintained.
Correction scenario: If support at $175 is lost, the next floor to observe would be at $163–$165 (moving average and key technical support).
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