$SOL
Here is a **technical analysis** of Solana (SOL) as of April 22, 2025:
š **Technical Analysis**
- **Chart Pattern**: Solana (SOL) has been in an upward price channel since early April, with strong support around **$138.39** and a 50-period exponential moving average (EMA) at **$137**.
- **Resistance Levels**: If SOL breaks above **$140**, the next potential targets are **$143.17** and **$146.39**, which are the peaks of the channel and key breakout levels.
- **RSI Indicator**: The Relative Strength Index (RSI) is around **72**, indicating an **overbought** condition but also ongoing buying pressure.
- **MACD**: **Moving Average Convergence Divergence (MACD)** shows a bullish crossover on **April 20, 2025**, indicating strong upward momentum.
- **Ichimoku Cloud**: Although SOL is below the **Tenkan-sen** line, the **Ichimoku** cloud structure remains bullish with prices above the **Kijun-sen** line, indicating the potential continuation of the upward trend.
---
This is a summary of the current technical analysis of Solana.