$SOL Price Analysis:
Pushing Through Key Levels‼️👀
➢Looking at this 4-hour chart of SOL/USDT, we can see SOL recently attempted a rally but faced resistance around the $152 mark, which triggered a pullback. The rejection was pretty strong, pushing the price down to the current level of $144.78, showing a 3.09% dip.
➢ Support & Resistance Levels:
The red zone around $152 appears to be a significant resistance level, which SOL struggled to break.
The green zones below highlight the key support levels, with $140 acting as the immediate support.
➢ RSI Insights: The RSI dropped from the overbought territory and is now sitting at 53.63, which signals a cooling-off period but still maintains bullish momentum. If RSI maintains above 50, we could see a bounce-back attempt.
Prediction:
If SOL can hold above the $140 support, we might see another run at the $152 resistance level. However, if it fails to hold, we could be looking at a retest of the $136 level.
Keep an eye on volume and how RSI behaves around this mid-range – it will give us more clues on the next big move.
