Lorenzo65
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๐ Current Technical Analysis
๐ Chart Date: April 17, 2025
๐ Closing Price: 134.55 USDC
๐ Recent Low: ~95.15 USDC
๐ Moving Averages:
MA(7) โ 129.04 (short-term)
MA(25) โ 124.85 (mid-term)
MA(99) โ 166.63 (long-term)
๐ Key Signals
โ Short-term bullish trend:
SOL has bounced strongly from the 95$ lows, breaking above both the 7-day and 25-day moving averages, indicating positive momentum. The last few candles show rising volume โ another good sign for a potential continuation of the uptrend.
โ Golden Cross between MA(7) and MA(25):
The 7-day moving average has crossed above the 25-day MA โ a classic bullish signal.
๐ Key resistance incoming:
The first major resistance is around 150$, where consolidation or rejection might occur.
Above that, a strong resistance zone lies at 165โ170$, near the 99-day MA.
๐ Rising volume:
The recent uptick in trading volume suggests accumulation by market participants, which strengthens the case for further upside.
๐ฎ Forecast for the coming days (scenarios)
Scenario 1 โ Bullish (likely):
Break above the 135โ140$ zone
Short-term target: 150โ155$
Medium-term target: 165โ170$
Scenario 2 โ Healthy pullback:
Possible retracement to the 120โ125$ area (dynamic support)
Potential bounce from there to retest local highs
Scenario 3 โ Bearish reversal (less likely at this stage):
Break below 120$
Return to the 95โ100$ zone (previous lows)
๐ Conclusion
Solana seems to be building a solid bottom with good structure for a rally in the short term. A confirmed break above the 150$ level, with rising volume, would seal the bullish continuation.
#SOL #Solana #Market #Long #analysis
๐ Chart Date: April 17, 2025
๐ Closing Price: 134.55 USDC
๐ Recent Low: ~95.15 USDC
๐ Moving Averages:
MA(7) โ 129.04 (short-term)
MA(25) โ 124.85 (mid-term)
MA(99) โ 166.63 (long-term)
๐ Key Signals
โ Short-term bullish trend:
SOL has bounced strongly from the 95$ lows, breaking above both the 7-day and 25-day moving averages, indicating positive momentum. The last few candles show rising volume โ another good sign for a potential continuation of the uptrend.
โ Golden Cross between MA(7) and MA(25):
The 7-day moving average has crossed above the 25-day MA โ a classic bullish signal.
๐ Key resistance incoming:
The first major resistance is around 150$, where consolidation or rejection might occur.
Above that, a strong resistance zone lies at 165โ170$, near the 99-day MA.
๐ Rising volume:
The recent uptick in trading volume suggests accumulation by market participants, which strengthens the case for further upside.
๐ฎ Forecast for the coming days (scenarios)
Scenario 1 โ Bullish (likely):
Break above the 135โ140$ zone
Short-term target: 150โ155$
Medium-term target: 165โ170$
Scenario 2 โ Healthy pullback:
Possible retracement to the 120โ125$ area (dynamic support)
Potential bounce from there to retest local highs
Scenario 3 โ Bearish reversal (less likely at this stage):
Break below 120$
Return to the 95โ100$ zone (previous lows)
๐ Conclusion
Solana seems to be building a solid bottom with good structure for a rally in the short term. A confirmed break above the 150$ level, with rising volume, would seal the bullish continuation.
#SOL #Solana #Market #Long #analysis
๐ $SOL going long! ๐ข
The market is favoring Solana thanks to a mix of bullish factors:
Rising on-chain activity, with DEX volumes surging ๐
Booming DeFi & NFT ecosystem, as more projects choose Solana for its speed and low fees
New liquid staking products like bnSOL attracting fresh capital and incentivizing token lockup
Positive market sentiment, with SOL standing strong as a leader in this altseason ๐
Those who stayed loyal to the green candlestickโฆ are flying now ๐
#Solana #Crypto #TradingMeme #Altseason #SOL
The market is favoring Solana thanks to a mix of bullish factors:
Rising on-chain activity, with DEX volumes surging ๐
Booming DeFi & NFT ecosystem, as more projects choose Solana for its speed and low fees
New liquid staking products like bnSOL attracting fresh capital and incentivizing token lockup
Positive market sentiment, with SOL standing strong as a leader in this altseason ๐
Those who stayed loyal to the green candlestickโฆ are flying now ๐
#Solana #Crypto #TradingMeme #Altseason #SOL
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