🚀 $SOL Technical Analysis April 18, 2025: Resistance – Breakout Watch at $136.20❗

📊 Market Insight

🔍 Current Price $134.77

🔹 $SOL again, approaching the key resistance at $136.20. Buyers are holding the uptrend strong after bouncing from $129.50, with clean higher lows forming on the 4H chart. Order book remains nearly balanced (49.95% bids), showing indecision before a potential breakout.

🔹 #solana has successfully reached $136 and is currently maintaining an upward trend under the support of the elegant line.
🔹 If it can continue to hold the support of the elegant line, even if the pace is slow, it is expected to continue moving closer to $140. We believe that the likelihood of reaching this target before the weekend is quite high.
🔹 Bullish: The market is bullish, with the price above the pivot point ($134.75) and supported by key indicators
🔹 Investment Barometer: Buy signal, based on multiple indicators

📊 Technical Analysis

🔹 Relative Strength Index (RSI): 78.47, indicating an overbought status
🔹 Average True Range (ATR): 1.95, stable
🔹 Average Directional Index (ADX): 49.96, strong trend

🔹 24-hour Trading Volume: $121.42 million to $4.708 billion
🔹 Circulating Supply: 516,403,569 SOL
🔹 All-Time High: $294.33 to $295.83
🔹 All-Time Low: $0.505

📊 Important Levels to Watch
🔼 Resistance Levels: $136.20, $137.10, and $138.00
🔽Support Levels: $133.15, $134.02, and $134.65

🐂Bullish Trade Setup:

☑️  Entry Zone: Above $136.20 (break and hold)

🎯 Final Target:

TP 1: $137.50

TP 2: $139.00

🛑Stop-Loss: Below $132.00

💡Pro Tip:

A strong candle close above $136.20 with volume confirmation could trigger the next rally leg. Eyes on SOL it’s gearing up for a critical move.

#sol #dailyreport #signaladvisor