Solana (SOL) Price Analysis

1. Price Movement and Volatility:

- Current Price: $150.13 (up by 2.02% in the last 24 hours).

- Daily Trading Range: between $147.10 (low) and $153.93 (high).

- In the last 12 hours, the price seems to have stabilized around $149-150 with attempts to break resistance at $153, but with no clear success so far.

2. Trading Volume and Liquidity:

- Trading Volume (24 hours): $3.24 billion, indicating high trading activity.

- Volume to Market Cap Ratio: 4.17%, which may support the potential for a strong price breakout if the momentum continues.

3. Short-term Technical Signals:

- RSI (Relative Strength Index): in the neutral zone (not indicating overbought or oversold conditions).

- Chaikin Money Flow (CMF): at 0.03, reflecting a slight accumulation of capital but not enough to drive a significant breakout.

- Ascending wedge formation on the 4-hour chart: could indicate a potential correction towards $133-131 if the price fails to maintain upward momentum.

4. Critical Support and Resistance Levels:

- Nearby Resistance: $153.90 (daily high).

- Immediate Support: $147.10 (daily low).

5. Short-term Outlook:

- Bullish Scenario: If the price stabilizes above $150 with a break of resistance at $153.90, it may target $156-160.

- Bearish Scenario: Failure to break resistance could lead to a correction towards $147 (daily support), or even $133.