1. Current Price: $154.73 $SOL
2. Resistance Level: Around $156.89 (clearly marked on the chart)
3. Support Level: Around $144.35
4. Recent Momentum: Strong bullish candles have pushed the price from the support zone to just below the resistance.
Potential Next Moves:
Scenario 1: Breakout Above Resistance ($156.89)
If the bullish momentum continues and volume supports it, SOL could break above $156.89, targeting the next psychological/resistance level around $160-$164 or even $168.
Scenario 2: Rejection at Resistance
If SOL fails to break above $156.89 convincingly, it may retrace back to $150-$148 for a retest or consolidation before another attempt.
Indicators to Watch:
Volume: A spike in volume on a green candle above $156.89 confirms breakout.
RSI: If overbought, a pullback is likely.
Candle Reactions at Resistance: Watch for wick rejections or reversal patterns.