$SOL /USDT – 4H Technical Analysis
Trend Overview: Solana is in a mild uptrend after recovering from the $130 zone. Price action is printing higher lows, suggesting accumulation and potential for continuation if momentum sustains.
Key Levels:
Resistance:
$156 – immediate resistance and previous rejection point.
$164 – key supply zone and local top from early April.
Support:
$145 – current support level and recent breakout zone.
$138 – major swing low and demand area.
Indicators:
EMA (50 & 200):
Price is trading above both EMAs, confirming bullish control in the short term.
50 EMA is acting as dynamic support on dips.
RSI:
RSI is around 63 – showing strong momentum but not overbought yet, room to run.
MACD:
Bullish crossover is active – momentum is building with histogram expansion.
Chart Pattern:
Bullish Flag/Pennant structure is forming after the breakout from $145 – consolidation under resistance may lead to continuation toward $160+.
Volume:
Volume is picking up on green candles – this confirms buying interest is returning.
Conclusion:
Bullish bias is intact above $145.
Break above $156 could lead to a fast move toward $164–$170.
Failure to hold $145 may trigger a retest of $138, where bulls need to defend strongly.