🔍 SOL/USDT Technical Analysis (4H)
📆 June 30, 2025
📈 Binance | 4-Hour Chart
📊 Current Context:
Solana (SOL) is currently trading around $150, consolidating within a sideways range after a prolonged corrective phase. Price action has reacted several times around key horizontal resistance levels and Fibonacci retracements, indicating a strong battle between buyers and sellers at this zone.
📍 Key Technical Levels:
$144.94: Critical support level that has served as a base multiple times since May.
$152.49 – $160.03: Immediate resistance zone. Price has been rejected here several times and is currently retesting from below.
$179.77: Major resistance ahead, aligning with the 200-day moving average and a strong psychological barrier.
$128.39: Key lower support in case of a bearish breakdown.
📐 Additional Technical Insights:
Price action is developing within an emerging bullish channel since the May lows.
Fibonacci extensions project a potential target around $300 if SOL can break and hold above $180, a move that would likely require strong volume and external catalysts (such as the already-approved SOL ETF).
Volume remains steady, with no signs of capitulation or clear institutional accumulation in this timeframe yet.
📌 Conclusion:
SOL is showing accumulation patterns, pressing against increasingly tight resistance zones. A confirmed breakout above $160 could open the door to the $180–$190 range, a key technical target supported by confluences such as the 200-SMA, prior structure, and psychological relevance.
Meanwhile, $145 and $128 remain critical support levels to watch in case of bearish rejection. The upcoming launch of the SOL ETF could act as a major catalyst, but the market is still waiting for a technical confirmation.
📆 June 30, 2025
📈 Binance | 4-Hour Chart
📊 Current Context:
Solana (SOL) is currently trading around $150, consolidating within a sideways range after a prolonged corrective phase. Price action has reacted several times around key horizontal resistance levels and Fibonacci retracements, indicating a strong battle between buyers and sellers at this zone.
📍 Key Technical Levels:
$144.94: Critical support level that has served as a base multiple times since May.
$152.49 – $160.03: Immediate resistance zone. Price has been rejected here several times and is currently retesting from below.
$179.77: Major resistance ahead, aligning with the 200-day moving average and a strong psychological barrier.
$128.39: Key lower support in case of a bearish breakdown.
📐 Additional Technical Insights:
Price action is developing within an emerging bullish channel since the May lows.
Fibonacci extensions project a potential target around $300 if SOL can break and hold above $180, a move that would likely require strong volume and external catalysts (such as the already-approved SOL ETF).
Volume remains steady, with no signs of capitulation or clear institutional accumulation in this timeframe yet.
📌 Conclusion:
SOL is showing accumulation patterns, pressing against increasingly tight resistance zones. A confirmed breakout above $160 could open the door to the $180–$190 range, a key technical target supported by confluences such as the 200-SMA, prior structure, and psychological relevance.
Meanwhile, $145 and $128 remain critical support levels to watch in case of bearish rejection. The upcoming launch of the SOL ETF could act as a major catalyst, but the market is still waiting for a technical confirmation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.