Crypto markets have seen strong moves recently, and attention is turning again to $SOL, which shows exciting technical signals on the daily charts.
If you’re a Solana network investor or trader, this timing may be the most important for you this month. Here’s a simplified analysis of the current price behavior and where the next move may be heading:
📈 Technical Patterns: Ascending triangle pattern
On the four-hour timeframe (4H), we notice that the price is moving within a positive ascending triangle pattern. Historically, this pattern indicates that buyers are accumulating strength in preparation for an attempt to break stubborn resistance levels.
🎯 Critical Support and Resistance Levels:
To simplify your trading strategy today, take these numbers into account:
The main support zone (buy point) is currently at 145$ - 148$. As long as the price remains above this zone, the uptrend stays intact and strong.
The fierce resistance wall (breakout point): the price faces a clear obstacle at 162$. Breaking this level with high trading volume and a daily candlestick closing above it will trigger a swift upward surge.
🚀 Expected Scenario and Targets:
If the bulls (buyers) manage to break through the 162$ barrier, the next targets for the coin will follow consecutively at:
First Target: 175$
Second Target: 188$
Risk alert: breaking the 145$ support level to the downside will temporarily invalidate this positive outlook, so please always enable stop-loss orders to protect your capital.
💡 What’s your next plan?
Do you think $SOL will succeed in breaking this week’s resistance, or will we see a pullback toward support zones?
Track the live price movement, refine your strategy, and start trading now directly through the charting tool below 👇
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