Detailed Analysis of Solana (SOL) Price and Forecast as of April 12, 2025**
#TradingPsychology
### **Detailed Analysis of Solana (SOL) Price and Forecast as of April 12, 2025**
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#### **1. Current Price Situation and Technical Performance**
- **Current Price**: ~$120.72 with an increase of **8.3%** over the past 24 hours.
- **Market Cap**: $62.28 billion (6th place globally).
- **Volatility Levels**: The price shows fluctuations between **$111.02** and **$121.98** during the day, with strong support around **$115** and resistance at **$124.20**.
- **Technical Indicators**:
- **Oscillators**: Neutral signals with a slight lean towards selling in the short term.
- **Moving Averages**: Indicate a slight improvement above the 50-day average (EMA 50), but the overall long-term trend is still bearish.
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#### **2. Technical Analysis and Potential Scenarios**
- **General Trend**:
- **Weekly Frame**: Bearish with a break of previous support at $130–122.
- **Daily Frame**: Attempts to rebound from the **Discount Zone**, but without breaking key daily highs.
- **Price Structure**:
- **Bullish Scenario**: If the price stabilizes above **$121.50** and breaks **$124.20**, it may target **$127–134** (Fibonacci resistance at 61.8%).
- **Bearish Scenario**: Breaking **$115** could lead to a drop towards **$112.50–93.99**.
- **Liquidity Levels**:
