📊 Current Technical Analysis

📅 Chart Date: April 17, 2025

📈 Closing Price: 134.55 USDC

📉 Recent Low: ~95.15 USDC

📊 Moving Averages:

MA(7) ≈ 129.04 (short-term)

MA(25) ≈ 124.85 (mid-term)

MA(99) ≈ 166.63 (long-term)

🔍 Key Signals

✅ 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 — another good sign for a potential continuation of the uptrend.

✅ Golden Cross between MA(7) and MA(25):

The 7-day moving average has crossed above the 25-day MA — a classic bullish signal.

📉 Key resistance incoming:

The first major resistance is around 150$, where consolidation or rejection might occur.

Above that, a strong resistance zone lies at 165–170$, near the 99-day MA.

📈 Rising volume:

The recent uptick in trading volume suggests accumulation by market participants, which strengthens the case for further upside.

🔮 Forecast for the coming days (scenarios)

Scenario 1 – Bullish (likely):

Break above the 135–140$ zone

Short-term target: 150–155$

Medium-term target: 165–170$

Scenario 2 – Healthy pullback:

Possible retracement to the 120–125$ area (dynamic support)

Potential bounce from there to retest local highs

Scenario 3 – Bearish reversal (less likely at this stage):

Break below 120$

Return to the 95–100$ zone (previous lows)

📌 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.

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