Technical Analysis of Solana (SOL) - Today April 30, 2025
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🌺Current Price and Overall Performance:
Price: Approximately $146.90.
Change over 24 hours: Decrease of 0.35%.
Daily Trading Range: Between $145.22 and $150.08.
🌺Technical Levels:
Immediate Resistance: $152.
Next Resistance: $160 – $174.
Critical Support: $145.
Downside Risk Area: Below $137.
🌺Technical Indicators:
There is a possibility of a "Power of 3" pattern (Accumulation - Manipulation - Distribution), indicating a potential sudden movement.
Indicators such as RSI and moving averages indicate divergence, and there is hesitation in the market.
🌺Forecasts and Scenarios:
Bullish Scenario: If $152 is broken, we may see a rise towards $155 then $165.
Bearish Scenario: Breaking the $145 level could lead to a drop towards $137.
✅Conclusion:
Solana's price is currently in a critical area, and the upcoming direction depends on breaking or failing the mentioned levels. It is advisable to wait for technical confirmation before entering a trade.
