- Solana wore the highest level of $ 130, indicating the recovery marks after the recent declines.
- Sol needs to penetrate the main resistance areas ranging from $ 136 and $ 140 for the upper arrangement.
Solana (SOL) has exposed signs of life again, as she returned to a $ 130 region – a level he has not seen since early April. After slipping to less than $ 100 during the decline in the continuous encryption market, Seoul increased by more than 7.9 % in the past 24 hours, climbing from the lowest level at 123.72 dollars to $ 133.59 before settling about $ 133. The daily trading volume also jumped by more than 34 %, and it is now sitting at $ 4.38 billion, with 14 % increased weekly prices.
The current restoration of Solana Price coincides with a broader gathering in the Solana -based Memecoins. Symbols such as Popcat, Fartcoin, Bonk and WIF have witnessed significant gains of 51 %, 23 %, 12 % and 10 % respectively during the past week, as she achieved new enthusiasm in the Solana ecosystem.
However, Solana did not completely escape from the downward pressure. Crypto decreased by more than 56 % of its highest level ever at $ 294.33 registered in January 2025, and the fee generation decreased sharply-from more than $ 400 million in January to only $ 22 million so far in April. Meanwhile, the investor’s behavior reveals some caution – about $ 485 million has moved recently from Solana to chains like Ethereum and BNB.
The short -term decline on the table for Solana (SOL) is still
The Sol/USDT chart displays bullish signs on both daily time frames and 4 hours. On the daily chart, Sol creates a round bottom pattern, indicating a possible reflection of the direction. The price is slowly recovered after a decrease, and if it collapses over the resistance area from 136 to 140 dollars (the neckline), it may move above. Zoom, MACD shows a bullish intersection with values at 2.72 and RSI sitting at 54.75, which means that there is room for more upward trend.
On the graph for 4 hours, the science pattern is visible. Sol was recently a strong movement and is now merged. The lower time frames show that there is a phone difference between the price and the RSI – a pattern that led to the low prices for Sol earlier this year. Similar settings occurred after the price moved shortly over EMAS for 50 days and 100 days, followed by a correction.
Therefore, the short -term decline is still possible. If this happens, the following support zone ranges between $ 115 and $ 110.
In the end, technically, Sol remains under the resistance of EMA for 50 days at $ 135.78. The daily closure above this can lead to a stronger bullish step towards EMA for 100 days at $ 153.73.
The news of the encryption was highlighted today:
The President of the Federal Reserve discusses Jerome Powell that Crypto has become the prevailing and organizational clarity
