🟢 $SOL Analysis – Approaching Key Resistance Zone! ♂️
The 4-hour chart for $SOL/USDT shows a gradual climb toward a critical resistance area. Currently trading at $152.51, Solana has tested this zone multiple times, suggesting a breakout attempt could be on the horizon.
💡 Key Levels to Watch:
Resistance Zone: $158 – $162
Current Price: $152.51
Support Levels: $144, $135
📉 Bearish Scenario:
A rejection at the resistance zone might push SOL back toward $144, with further downside possible if this level fails to hold. A drop to $135 would signal a deeper retracement.
🚀 Bullish Scenario:
If SOL breaks above $162 with strong momentum, the next rally could drive the price higher toward new highs. Sustained buying pressure above this level will likely open the doors for continued upward momentum.
⚡ Watch Closely: As SOL edges closer to the resistance zone, volume and breakout confirmation will be key. Traders should stay alert for sudden volatility and capitalize on the breakout or reversal opportunities.