$SOL Technical Analysis April 14, 2025 - SOLANA READY FOR NEXT MOVE? 🚀
Good morning everyone! Wish you guys a great week ahead!
📊 Market Overview:
1️⃣ Current Price: $131.02. Solana recently rejected from the $133 key resistance, forming a minor lower high on the 4H chart.
2️⃣ Volume is slightly declining, suggesting a potential squeeze before the next breakout.
3️⃣ STOCH RSI: 87.56 | MASTOCH RSI: 93.75 | RSI(6): 68.05 – nearing the overbought threshold. This bounce was powerful, but with RSI and Stoch levels heating up fast, short-term traders should watch for exhaustion signs around $131.50–$133.00.A break above $133 with volume could signal a new bullish leg.
📊 Important Levels to Watch:
🔼Resistance: $133.00
🔽Support: $127.8 - $128 zone
🚀Breakout Level: $133.5
💡 TRADE PLAN:
🐂 Bullish Setup:
✔ Entry Point: If SOL breaks and holds above $133.5
🎯 Price Targets:
TP1: $137.80 (initial push)
TP2: $141.52 (strong breakout level)
🛑 Stop-Loss: Below $128.4
🐻 Bearish Setup:
✔ Entry Point: A drop below $127.8 with strong selling pressure
🎯 Price Targets:
TP1: $124.5 (first downside level)
TP2: $119.8 (extended drop)
🛑 Stop-Loss: Above $132
💡 PRO TIPS:
Wait for 4H candle close above $133 with volume before entering long. Watch BTC dominance — if BTC drops, SOL may follow regardless of setup. Fake outs common in current market — avoid FOMO entries. Solana is approaching a breakout point. Price action is tight, and a move is brewing. Patience will pay off — wait for confirmation before jumping in!
