🚀 $SOL Technical Analysis April 22, 2025: Bulls Taking a Breather? 🌤️
📊 Market Insight
🔍 Current Price: $138.35
24H Change: -0.42% 🔻
24H High: $143.25
24H Low: $133.82
Timeframe: 1H ⏱️
🔹 The RSI indicator shows signs of strong upward movement above 70.
🔹 The Moving Average (MA) movement supports continued positivity.
🔹 Trading volume supports further buying momentum.
🔹 $SOL faced resistance at $143.25 and dropped below all short-term MAs — currently fighting to reclaim support around MA(99).
💡 TRADE PLANS:
🐂 Bullish Trade Setup:
☑️ Entry point: $134–$135
🎯 Price Target:
TP1: $139
TP2: $142
🛑 Stop loss (SL): $131.5
⚠️ Reason: The support zone $134-$135 is now becoming a solid foundation for the uptrend
🐻 Bearish Trade Setup : Short when losing support at $135
☑️ Entry point: below $134
🎯 Price Target:
TP1: $130
TP2: $128
🛑 Stop loss (SL): $137
⚠️ Reason: Losing support at $134-$135 zone may lead to stronger selling pressure
📌 Suggestion to open positions today
SOL may just be cooling off after its run to $143. Watch the $134–$135 level closely — it’s decision time! Bulls need to act fast, or the bears might drag it lower.
