As of April 19, 2025, 16:00 (Europe/Paris time), Solana (SOL) is in a short-term rebound phase, with multiple technical indicators showing market sentiment shifting from neutral to slightly bullish. Combined with candlestick patterns and oscillators, SOL is expected to achieve a gain of about 2%–5% within the next 24 hours, targeting a price range of $141–$145, but caution is still needed regarding resistance around $140 and potential pullback risks.
Current price and trading volume
SOL price level
As of April 19, 2025, 16:00, SOL is priced at $138.71.
Since 00:00 UTC on that day, SOL has risen approximately 3.48%.
Trading volume and liquidity
The trading volume in the last 24 hours is approximately $2.83 B, with a volume/market cap ratio of about 3.96%, indicating good liquidity.
The day's high-low range is $132.71–$138.99, with a volatility of 6.28%.
Technical indicator analysis
Relative Strength Index (RSI)
Daily RSI is at 60.35, leaning bullish but not yet in the overbought zone (>70), suggesting there is still upward momentum but caution against overheating is needed.
1-hour RSI has risen to 75, indicating short-term overbought conditions, and a technical pullback may occur.
BBTrend
BBTrend indicator dropped to 5.69, significantly down from 17.5 four days ago, indicating a weakening trend strength, and the market may enter a consolidation phase.
MACD
The MACD histogram's red momentum bars are shortening, indicating that bearish momentum is fading, presenting potential reversal opportunities.
Bollinger Band width
The Bollinger Band width is at 24.74%, which is at a moderately low level, indicating that volatility has narrowed, and a breakout may be forthcoming.
Moving Average
The 8-period and 13-period simple moving averages are both rising, with short-term averages above mid-term averages, showing a bullish alignment that supports the current rebound momentum.
After closing above the key resistance of $136 on the daily chart, it is expected to first test the $140–$145 resistance zone.
Candlestick patterns and other technical signals
On the daily chart, SOL has confirmed a breakout from a falling wedge pattern, signaling a strong trend reversal.
On the 12-hour chart, a golden cross (short-term moving average crossing above long-term moving average) is about to form, which will enhance bullish confidence if completed.
Coindesk analysis indicates that if the price stabilizes in the $135–$136 range, it will likely target $140–$150.
Predicted price increase in the next 24 hours
Comprehensive indicators:
1. Mid-term trend: Breakout from wedge pattern and bullish alignment of moving averages support the rebound;
2. Momentum and oscillation: Daily RSI still has room, but the 1-hour overbought warning suggests a short-term pullback;
3. Volatility: A contraction in the Bollinger Bands indicates an impending directional breakout;
4. Key resistance: $140–$145 is the primary testing area for bulls; if effectively broken, further gains are expected.
**It is expected that within the next 24 hours, SOL's price will rise about 2%–5%, corresponding to a target price of $141–$145;** if there is a short-term pullback, attention should be paid to whether the $135–$136 support can hold effectively.
Investors should closely monitor the changes in the above indicators and combine them with real-time candlestick performance to reasonably control positions and risks.
