๐ย $SOL Technical Analysis April 26, 2025: Same resistance, Same pullback. BULLS need some serious POWER to break through $155-$157 Resistance Zone ๐ฅ
๐ Market Insight
๐ Current Price: $151.03 USD
High/Low: $157.00 / $150.00
Volume: 4.16M SOL ๐ฅ
Change: -0.28% ๐ป
MA(7) & MA(25): Bearish crossover โก
MA(99): Still bullish base ๐ก๏ธ
MACD: Bearish momentum building โ ๏ธ
RSI: 36 โ Near oversold zone ๐ฏ
๐ Important Levels to Watch
๐ฝ Support levels: A pullback to $149โ150 could offer a solid entry. A break down of $147 level will trigger short-term downtrend.
๐ผ Resistance levels: If #SOLANA can break $155-$157 resistance zone, $160โ170 is the next target range.
๐ก TRADE PLANS:
๐ Bullish Trade Setup: A clear break out of $155.2-$157
โ๏ธ Entry Point: $155-157 zone (wait for the break out signal with volume and RSI)
๐ฏ Price Target:
TP1: $162.5
TP2: $176
๐ Stop loss: $150.9
โ ๏ธ Reason: A break out of $155 - $157 is a clear signal that the bulls are taking control and #SOLANA is break out of this strong resistance zone $155-$157 that it failed to break out in the last 24 hours.
๐ Bullish Trade Setup 2: A good entry after a healthy pull back
โ๏ธ Entry Point: $149-150 zone (wait for the pull back to support level)
๐ฏ Price Target:
TP1: $154.7
TP2: $157
๐ Stop loss: $147
โ ๏ธ Reason: A healthy pull back to $149-$150 zone is a great entry point for a Long position since $149-$158 support zone has been proved to be a solid foundation of recent uptrend momentum.
๐ป Bearish Trade Setup : Short when losing support at $148
โ๏ธ Entry point: below $147
๐ฏ Price Target:
TP1: $146
TP2: $143 (a breaking down from long term uptrend line)
๐ Stop loss (SL): $150
โ ๏ธ Reason: Losing support at $147.3-$148 zone will form a Double TOPS pattern which is bearish and may lead to stronger selling pressure to the lower support levels.
๐ Suggestion to open positions today
๐น Watching the price action along the 4H chart's long-term uptrend line (ascending channel)
