📊 Current Technical Analysis
📅 Chart Date: April 17, 2025
📈 Closing Price: 134.55 USDC
📉 Recent Low: ~95.15 USDC
📊 Moving Averages:
MA(7) ≈ 129.04 (short-term)
MA(25) ≈ 124.85 (mid-term)
MA(99) ≈ 166.63 (long-term)
🔍 Key Signals
✅ Short-term bullish trend:
SOL has bounced strongly from the 95$ lows, breaking above both the 7-day and 25-day moving averages, indicating positive momentum. The last few candles show rising volume — another good sign for a potential continuation of the uptrend.
✅ Golden Cross between MA(7) and MA(25):
The 7-day moving average has crossed above the 25-day MA — a classic bullish signal.
📉 Key resistance incoming:
The first major resistance is around 150$, where consolidation or rejection might occur.
Above that, a strong resistance zone lies at 165–170$, near the 99-day MA.
📈 Rising volume:
The recent uptick in trading volume suggests accumulation by market participants, which strengthens the case for further upside.
🔮 Forecast for the coming days (scenarios)
Scenario 1 – Bullish (likely):
Break above the 135–140$ zone
Short-term target: 150–155$
Medium-term target: 165–170$
Scenario 2 – Healthy pullback:
Possible retracement to the 120–125$ area (dynamic support)
Potential bounce from there to retest local highs
Scenario 3 – Bearish reversal (less likely at this stage):
Break below 120$
Return to the 95–100$ zone (previous lows)
📌 Conclusion
Solana seems to be building a solid bottom with good structure for a rally in the short term. A confirmed break above the 150$ level, with rising volume, would seal the bullish continuation.
