📈LONG: $SOL (4H)

#SOLUSDT | #SOL | #Solana

Current Price $130.54

Market Cap $61.02B

Change 1h -2.11% | 24h -3.25%

4-Hourly Indicators:

• RSI: 46 - Neutral 🟠

• MACD: -1 - Bearish 🔴

• EMA: 132 - Below 🔴

Analysis:

SOL is consolidating around a crucial demand zone at $131.46. The price is trapped within a descending channel, and strong support has been respected multiple times. Bulls need a break above internal resistance to push the price past $136.

Price Targets:

If SOL breaks above $136, expect a rally towards $148 and possibly $156. However, if the price drops below the support at $131.46, a bearish move could lead to $124 or even $118. The next move is crucial in determining SOL's direction.