$SOL Technical Analysis (1H Chart)

Current Price: $134.30

Date: April 18, 2025

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Chart Pattern:

Solana is forming a clear Inverse Head & Shoulders pattern — a strong bullish reversal signal.

Neckline Resistance: $135.59

A breakout above this level could trigger a strong move upward.

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Key Support Levels:

$131.00

$122.00

$110.00 (major bounce zone)

Key Resistance Levels:

$135.59 (neckline)

$145.00

$160.00 (breakout target)

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Volume Insight:

Volume is consolidating during the right shoulder — a typical sign before breakout. Watch for a spike in volume above $135.59 for confirmation.

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Order Book Snapshot:

Buyers: 37%

Sellers: 63%

This suggests some resistance at current levels, but increasing buyer volume could push price higher.

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Conclusion:

Solana is at a crucial breakout zone.

Breakout above $135.59 = bullish continuation

Short-term Target: $145 – $160

Stop-loss idea: Below $130 (1H candle close)