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Solana ($SOL) Technical Analysis – April 25, 2025
Market Outlook: Bullish Continuation
Current Price: $151.03 USD
The overall technical setup remains bullish, supported by a strong Average Directional Index (ADX) reading of 100, indicating a well-established trend. However, the Relative Strength Index (RSI) at 76.32 signals overbought conditions, suggesting a potential for short-term consolidation or pullback.
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Key Technical Levels
Support Zones:
Immediate support lies in the $148–$150 range, presenting a potential buying opportunity on pullbacks.
A decisive break below $147 could indicate a shift toward a short-term downtrend.
Resistance Zones:
If bullish momentum persists, price targets lie in the $160–$170 range.
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Trade Strategies
Bullish Setup
Entry: Watch for a confirmed breakout above the $153.20–$155.00 resistance zone, accompanied by increased volume and sustained RSI strength.
Entry Range: $153.00–$154.00
Targets:
TP1: $158.80
TP2: $162.50
Stop Loss: $150.90
Rationale: A breakout from the $149–$154 sideways consolidation range indicates a strong bullish continuation.
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Bearish Setup
Entry: Consider short positions if price breaks and holds below the $148.00 support level.
Entry Level: Below $148.00
Targets:
TP1: $146.00
TP2: $143.00 (breakdown below the long-term ascending trendline)
Stop Loss: $150.00
Rationale: A breakdown below the $147.30–$148.00 support zone could confirm a Double Top formation, triggering increased bearish pressure.
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Trading Recommendations
Monitor price action closely along
