Solana (SOL) is currently trading around $174.21 after a strong bullish breakout above $170. The short-term trend remains bullish across the 15-minute, 1-hour, and 4-hour timeframes, supported by clean EMA alignments and sustained buying interest.
On the 15-minute and 1-hour charts, SOL is forming higher lows with healthy RSI levels (around 65–70), though it's nearing short-term resistance at $176.50. Volume is stable, indicating gradual accumulation rather than explosive momentum.
The 4-hour chart confirms broader strength with SOL holding above all major EMAs and maintaining bullish MACD and RSI positions. However, with RSI pushing into the 70s, there's a moderate risk of a short-term pullback.
Key levels to watch:
Immediate support: $172.20
Breakout zone: $176.50
Higher resistance targets: $180.70 and $184.80
Pullback entries: $172.50–$173.20
Stop-loss: Below $171.50 for aggressive longs, or $169.50 for safer setups
You should watch for either a clean breakout above $176.50 with volume or a healthy retest near $172 for potential long setups. A failed breakout near $177 could also open the door for short-term selling opportunities.
This is a momentum-driven phase for SOL. Let price action confirm the next move.
🚀 ETH hit a high of $3,968, currently cooling off at $3,911.66 📉 RSI(6): 44.77 — momentum is slowing 📊 Price sitting just below MA(7), near MA(25) — possible short-term pullback 📉 Volume declining — signals buying exhaustion
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🔍 Key Levels:
Support: $3,906 / $3,875 / $3,805
Resistance: $3,926 / $3,950 / $3,968
Trend: Bullish overall, but minor short-term correction in play
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🔄 Trading Ideas:
🟢 Long Setup:
📥 Entry: $3,875 or $3,805 (support zones)
🔐 Stop-Loss: $3,800
🎯 Targets: $3,940 → $3,968 → $4,000
✅ Wait for RSI bounce and bullish candle confirmation
🔴 Short Setup:
📥 Entry: $3,898–$3,905 (if support breaks)
🔐 Stop-Loss: $3,930
🎯 Targets: $3,875 → $3,805
⚠️ Confirm with RSI < 40 + volume spike on breakdown
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🧠 Summary: ETH is cooling off after a strong push. Watch for a dip buy at support or a short-term short scalp if $3,900 fails. Momentum remains bullish on higher timeframes, but short-term caution is advised.
🔻 SOL recently dipped to $167 support after failing to hold the $173.5 resistance. A short-term bounce is forming, but trend remains bearish-to-neutral on higher timeframes.
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