analysis 📊Solana SOL-->>USDT 4-Hour Chart Analysis🚀

[Ben]

 

This is a human-style, detailed technical analysis of Solana (SOL) against Tether (USDT) on the 4-hour timeframe. For more dynamic and faster signals, unlock access to shorter timeframes by upgrading to a premium account!

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1. Current Price & Market Context

• Current Price: $175.03 USDT

• Market Context: SOL is trading in the upper part of its recent range, after a period of sideways movement and several tests of both support and resistance. The market is showing signs of consolidation with volatility spikes near key levels.

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2. Chart Structure & Key Levels

Support Zones

• Immediate Support: $169.14 USDT (blue horizontal line and lower SR channel band; recent price bounces)

• Next Support: $164.00–$165.00 USDT (green rectangle below current price; previous consolidation and bounce area)

• Major Supports: $156.00, $144.00, $136.00, $128.00, $120.00 USDT (marked by large green rectangles further below, not recently tested but important for larger moves)

Resistance Zones

• Immediate Resistance: $178.43 USDT (orange line, current upper boundary of the range)

• Major Resistance: $184.00–$187.71 USDT (red zone at the top; previous swing highs and strong supply area)

Range

• SOL is oscillating between $169.00 and $178.50 USDT, with a broader range from $164.00 to $187.70 USDT.

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3. Indicators & Technical Signals

• Moving Averages:

  • EMA 8 (green) & Close 30 Cross MA (orange): Price is currently sitting just above both, indicating a neutral to slightly bullish momentum.

• SR Channel (blue bands):

  • Price is near the upper band, suggesting a potential resistance area.

• Buy/Sell Signals:

  • Multiple “Exit Buy” and “Exit Sell” signals in the current range, indicating choppy, sideways action with no clear trend dominance.

• Price Action:

  • The market has shown a series of higher lows, suggesting buyers are still present, but upper resistance is holding strong.

  • Volatility has increased in recent candles, with several wicks both up and down, showing indecision.

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4. Trend & Sentiment

• Trend: Sideways/Neutral with a slight bullish bias due to the higher lows and recent support holds.

• Sentiment: Cautiously optimistic. Bulls are defending support zones, but sellers are active at resistance.

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5. Trade Ideas & Strategy

A. Range Play (Current Best Play)

• Entry (Long): $175.00–$175.50 USDT (current price or on a dip towards $172.50–$173.00 USDT)

• Stop-loss: $169.00 USDT (below recent swing lows and the lower boundary of the current range)

• Take-profit: $178.40–$178.50 USDT (immediate resistance zone)

• Rationale: SOL is range-bound. Buying near support and selling near resistance is favored until a breakout occurs.

B. Breakout Play

• Long Entry: On a confirmed 4H candle close above $178.50 USDT with volume

• Stop-loss: $175.00 USDT

• Take-profit: $184.00–$187.70 USDT (next major resistance)

• Short Entry: On a confirmed 4H candle close below $169.00 USDT

• Stop-loss: $172.00 USDT

• Take-profit: $164.00 USDT (next support)

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6. Summary Table

Level/Zone	Action/Signal	Comment
$175.00–$175.50	Long Entry	Range play near support
$169.00	Stop-loss (Long)	Below support and swing low
$178.40–$178.50	Take-profit (Long)	Immediate resistance zone
>$178.50	Breakout Long Entry	On confirmation, target $184.00–$187.70
<$169.00	Breakdown Short	Target $164.00

 

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7. What Would I Play Now?

• Primary Play: I would consider a range trade long from $175.00–$175.50 USDT, with a stop-loss at $169.00 USDT and a take-profit at $178.40–$178.50 USDT.

• Alternative: If $178.50 USDT is broken with strong volume, I would look for a breakout long towards $184.00–$187.70 USDT. If $169.00 USDT breaks down, a short position targeting $164.00 USDT becomes attractive.

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8. Important Notes

• This analysis is based on the 4-hour timeframe. For more dynamic and faster signals, unlock shorter timeframes by upgrading to a premium account!

• This is not investment advice. Every trade should be carefully analyzed and adjusted to your own risk tolerance and market outlook.

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Remember: Markets can change quickly! Always use proper risk management and never risk more than you can afford to lose. For advanced tools and exclusive signals, upgrade to premium and get access to shorter timeframes!