📉 Technical Analysis of Solana (SOL) – April 23, 2025

Current price: $150.42

Daily variation: +1.62%

Intraday high: $153.84

Intraday low: $147.53  

🔍 Market Summary

Solana (SOL) has shown a slight recovery in the last 24 hours, with an increase of 1.62%. However, the price is still below the key resistance of $155, indicating a possible consolidation in the short term.

📊 Technical Indicators

• RSI (14): Currently at 58, suggesting a neutral trend with the possibility of bullish movement if it surpasses 60.

• MACD: The MACD line is below the signal line, indicating persistent bearish pressure.

• Moving Averages: The price remains above the 50-day moving average, but still below the 200-day moving average, reflecting a mixed trend.

📈 Key Levels

• Immediate resistance: $155

• Immediate support: $145

• Critical support: $140

🧠 Conclusion

Although Solana shows signs of recovery, the lack of significant momentum above $155 could limit gains in the short term. Investors should closely monitor support and resistance levels to identify possible entry or exit points.

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$SOL