Technical Analysis of SOL (Solana) - Hourly Timeframe
Unit
Current Price: $144.56
Change Percentage: 0.67%
Highest Price: $145.71
Lowest Price Near: $143.50
Notes from the Chart
The price opened in an upward trend towards $145.71 before facing strong selling pressure.
A series of clearly declining lows formed, and then the price
attempted to rebound.
The rebounds are relatively weak compared to the session's decline.
Current Trend:
The short-term trend is downward with correction attempts.
Important Support Level: $143.50
Strong Resistance Level: $145.70
Advice for Traders:
It is preferable to wait for a confirmed breakout above $145.70 to enter a buy. If $143.50 is broken, the price may head towards $142.00. Trading in this range is advisable to be at a small size
and with a close stop loss.
Note
Price volatility in Solana is very high on the short timeframe, which requires quick trading or waiting for confirmation signals on higher timeframes or Daily.
Unit
Current Price: $144.56
Change Percentage: 0.67%
Highest Price: $145.71
Lowest Price Near: $143.50
Notes from the Chart
The price opened in an upward trend towards $145.71 before facing strong selling pressure.
A series of clearly declining lows formed, and then the price
attempted to rebound.
The rebounds are relatively weak compared to the session's decline.
Current Trend:
The short-term trend is downward with correction attempts.
Important Support Level: $143.50
Strong Resistance Level: $145.70
Advice for Traders:
It is preferable to wait for a confirmed breakout above $145.70 to enter a buy. If $143.50 is broken, the price may head towards $142.00. Trading in this range is advisable to be at a small size
and with a close stop loss.
Note
Price volatility in Solana is very high on the short timeframe, which requires quick trading or waiting for confirmation signals on higher timeframes or Daily.
