$SOL

Solana (SOL) on April 18, 2025, reflects the current market situation and takes into account the decline from the previous all-time high to the current price.

📉 Price Overview

• Current Price: around $133.95

• All-Time High: $294.33 in January 2025

• Decline from Peak: around 54%

• Major Support Level: $129

• Nearby Resistance Level: $150   

📊 Technical Analysis

🔹 Overall Trend

After the price declined from $178 to $104 between March 2 and April 8, a descending channel pattern formed. However, on April 9, the price broke through the upper line of the channel, indicating a possible reversal in the upward direction. 

🔹 Moving Averages

• 50-Day Moving Average (50 EMA): currently around $135, serving as an important support level.

• 200-Day Moving Average (200 EMA): around $150, forming a strong resistance that should be monitored.

🔹 Momentum Indicators

• Relative Strength Index (RSI): indicates moderate upward momentum, suggesting the potential for the upward trend to continue.

• Chaikin Money Flow (CMF): rose above zero, indicating renewed buying pressure.