$SOL is slightly bullish on the 4H timeframe, consolidating before a possible $90 breakout. Momentum favors buyers as long as $86 support holds.
Market Overview:
SOL is currently trading around $88.97, showing a short-term bullish recovery after bouncing from the $86 support zone. Price is moving above the middle Bollinger Band (~$88.15), indicating improving momentum.
The RSI (55–65 range) suggests neutral-to-bullish momentum, with room for upside before reaching overbought levels.
However, the upper Bollinger Band near $90–$90.2 is acting as immediate resistance.
Key Levels:
Resistance
$90.00 – $90.20 (Bollinger upper band)
$92.90 (recent swing high)
Support
$88.10 (mid Bollinger band)
$86.00 – $86.20 (strong demand zone)
Trade Plan:
Bullish Setup (Preferred)
• Entry: $88.5 – $89.0
• Take Profit 1: $90.2
• Take Profit 2: $92.5 – $93
• Stop Loss: $86.8
Reason: Holding above the mid-band suggests continuation toward upper resistance
Breakout Trade
• Entry: After a 4H close above $90.2
• Target: $92.9 → $95
• Stop Loss: $88.5
Bearish Scenario
If price loses $86 support, SOL could drop toward $83 – $82.
