Solana ($SOL /USDT) Technical Analysis – April 16, 2025
Solana is showing signs of brewing volatility, currently priced at $125.74, down -3.84% on the day — but don’t be fooled! With a 7-day surge of +18.78%, momentum is still in the bulls' favor. Price is hugging the MA60 at 125.86, a critical resistance level. A clean break and hold above this could ignite a rally toward the 24h high of $134.45, making it a high-reward scalp zone. Volume spikes and the MA(5) crossing upward over the MA(10) show brewing short-term strength. The recent low at $124.80 is holding firm, suggesting a solid intraday support level.
Traders should eye a breakout play above $126.00 with tight stop-loss just below $124.80 for minimal downside. Meanwhile, investors can look to accumulate in the $122–125 range, eyeing medium-term resistance at $140+ for a swing play. The broader trend is still correcting, but with volume heating up and recovery patterns forming, SOL could be preparing for its next breakout move. Be ready to strike — the next SOL surge could be moments away!
