๐ฅ๐ $SOL Bulls Charge 144: Can Solana Smash Through Key Resistance? ๐
Solana (SOL) is exploding higher! After a brief dip, the bulls are back in control, fueling a strong rebound. We've seen a decisive move above short-term support, setting the stage for a major face-off with overhead resistance.
๐ Technical Outlook
The 4-hour chart is flashing green.
MAs: The current price of 138.58 is comfortably trading above the fast MAs (7 and 25), confirming the short-term uptrend. The big hurdle is the long-term MA(99) sitting right at 143.58.
MACD: We have a strong bullish MACD crossover. The momentum indicator has turned positive (1.26), signaling that the buying pressure is increasing fast.
๐ Trade Setup: Long Bias
The technicals favor a LONG continuation trade, targeting the recent swing high.
Bias: LONG ๐
๐ฏ Target 1 (TP1): 144.80 (Smash the recent high!)
๐ Stop-Loss (SL): 129.98 (Protect gains below the MA(25) support.)
The absolute key level is 143.58 resistance. A clean 4-hour candle close above this level is the trigger that confirms the reversal and opens the door for higher prices. Maintain control above 130.
๐ก Tip
Momentum is strong, but the 144 zone is where we see if the move is just a relief rally or a full-blown return to the bull run! Wait for the confirmation.
