Solana ($SOL ) is currently trading at ~$162, down 4.2% today. Is this a dip worth buying?
Here's a quick TA + buying strategy:
- Support levels to watch:
Strong zone: $156–$158
If $156 breaks, next key support: ~$149
- Resistance levels:
Immediate: $164–$170
Breakout above $170 = bullish continuation
Next targets: $175, $189
- Indicators:
RSI (30-min): ~62 → slight cooling but still healthy
MACD: Losing some momentum
4h EMA stack: Still bullish
- Short-term buyers:
Watch $156–$158 range for a potential bounce
Risk: if it drops below $156, we may revisit $149
- Medium-term strategy:
Break & hold above $170 could open the path to $189
Confirmed breakout = stronger buy signal
- Long-term outlook:
-VanEck sees $520 potential by EOY 2025
-JPMorgan: $500 by 2026
But avg price forecast for May 2025: $149–$186
-Accumulate in $156–$158 range
-Watch $170 for breakout confirmation
-Long-term thesis still intact for $SOL
Not financial advice. DYOR and assess risk.
Bullish on Solana’s fundamentals, but always prepare for volatility.
