Technical Analysis $SOL – 1H Frame

Analysis time: 21:32 (UTC+7) on April 18, 2025

Post time: 21:39 (UTC+7) on April 18, 2025

1. Current trend: Accumulation – Slightly leaning towards an uptrend

SOL is trading around 133.81 USDT, up +2.07% in the last 24 hours. Observe the EMA lines:

EMA34 (133.53) is right next to the current price, acting as the nearest dynamic support.

EMA89 (131.39) and EMA200 (127.74) are lower and sloping up → indicating that the medium-term uptrend is still maintained.

The price structure is forming a horizontal accumulation zone in a narrow range from 130.48 - 136.26, after a rise from the nearest bottom at 129.40. The chart shows that buyers are still in control but lack the momentum to break out.

2. Technical indicators:

📌 RSI (30/50/70):

RSI(30): 52.70, RSI(50): 53.18, RSI(70): 53.35 → the RSI lines are clustering around the average (50), indicating the market's indecision.

📌 Stochastic RSI:

STOCH RSI ~36 and MASTOCH ~37 → low zone, beginning to slope up, a sign of slight recovery from the oversold region.

==> Indicators agree that the price is in a resting zone, waiting for confirmation of the next trend.

3. Possible scenarios:

✅ Scenario 1 – Breakout (high probability ~60%)

If the price breaks through the resistance level of 136.30, it will trigger buying pressure again, targeting the next area:

Target price zone: 139.50 – 141.00

Confirmation condition: H1 candle closes above 136.30 with increasing volume.

Strategy: Buy on breakout – Entry around 136.50, Stoploss below 133.50, TP at 139.50–141.

📈 Expectation: The uptrend will extend if the price holds above EMA34 and RSI remains above 55.

❌ Scenario 2 – Short-term correction (probability ~40%)

If the EMA34 region (133.50) cannot be maintained, SOL may retreat to:

Support zone: 131.30 – 130.50 (EMA89 & nearest bottom)

Strategy: Buy on dip if the price goes down to 131.00–130.50, expecting a bounce when approaching EMA89.

SL below 129.40, TP back to the 134–135.50 zone.

4. Specific entry point suggestions:

🟩 Buy 1: 130.80 – 131.30 (strong support EMA89)

🟩 Buy 2 (breakout): 136.50 if breaking the peak with volume

⛔ Stoploss: 129.30

🎯 Target: 134.50 / 136.30 / 139.50

5. Summary:

SOL is in an accumulation phase on an uptrend EMA, with no major distribution signals. Prioritize the "Buy on dip" strategy in the support zone or "Breakout follow" when there is a clear confirmation. Investors need to closely observe the 136 area – if it breaks up with good liquidity, that will be a favorable entry point for the potential trend 📈.

Thank you

Thank you for taking the time to follow the technical analysis on SOL/USDT. Your interest in reading this far is a great support for me. I hope the insights and strategic suggestions in this article will help you in your investment decision-making process – a journey that requires both patience and discipline.

If this article provides value, please continue to follow and share with the community so that more investors can access useful information. Wishing you stability in all positions and effective trading 📈💼.

Disclaimer:

This article was created by AI and is not financial investment advice.

The cryptocurrency market is very volatile, and you should do thorough research before making investment decisions.

All investment decisions and risks arising from the use of information in this article are the responsibility of the reader.

Article data is taken at the time of analysis.

#sol #FutureTarding #SOLFuture #Write2Earn