SOL/USDT (4-Hour Chart) Brief Technical Analysis (As of April 16, 2025)

📉 Current Price:

125.30 USDT

Decline: -0.90%, in a short-term adjustment.

🔹 Trend Observation:

SOL has rebounded to the 137 line since the end of March, but is currently facing resistance and is in a corrective state.

Overall, it is still in an oscillating upward channel after rebounding from the bottom (around 100), but momentum shows signs of weakening.

🔹 RSI Analysis:

RSI (14) is currently at 46.45, below the neutral line of 50;

The RSI moving average is at 57.82, showing a dead cross signal, indicating weakening short-term momentum;

If RSI breaks below the 40 area, it may enter a short-term oversold state.

🔹 Support and Resistance:

Support Levels:

122~124: First support for short-term pullback;

115: Previous strong support;

105~110: Important mid-term bottom area.

Resistance Levels:

130: Slight rebound pressure;

137.64: Current phase peak;

150: Stronger resistance.

🔸 Volume Observation:

Trading volume has not significantly increased, indicating weak rebound with reduced willingness to chase;

If subsequent declines are accompanied by increased volume, further pullback should be guarded against.

✅ Strategy Suggestion:

Short-term caution: rebound meets resistance, RSI dead cross, bears dominate;

If support stabilizes, consider light long positions, but set stop-loss;

Pay attention to the support performance around 122, if broken, look towards the 115 area.

📌 Conclusion: SOL is currently weak in the short term, suggesting to wait and observe or to wait for support confirmation before positioning.