The cryptocurrency Solana ($SOL ) has once again approached a strong resistance level around $140, making this section of the chart one of the most important zones for short-term trading. According to technical analysis of SOL on the H4 timeframe, there is a steady slowdown in buying pressure. The price is moving in a narrow range and forming a consolidation — a typical signal of a possible local reversal or downward correction.
Such price behavior often precedes short-term downward movements, opening up opportunities for trend short trades on the SOLUSDT pair.
Entry zone for shorting on$SOL (Solana)
The analytical model indicates the optimal entry range:
$137 – $140
This is where the key resistance area lies, which the price has tested several times but has not been able to break through confidently. This increases the likelihood of a correction and makes the zone attractive for traders using the short-the-rally strategy.
Profit targets: price movement forecast$SOL
The following support levels are identified for securing profits from short positions:
TP1: $133 — the nearest technical level
TP2: $130 — an important local demand zone
TP3: $128 — extended target in case of a strengthened bearish trend
These levels are based on market structure, consolidation phases, and demand dynamics for the Solana cryptocurrency.
Short stop-loss on Solana
SL: $146
The stop-loss level is set above the last local maximum. A price consolidation above $146 will signal the cancellation of the current bearish scenario and may indicate a resumption of the upward trend.
Results of the technical analysis of SOL
The current forecast for Solana based on technical analysis indicates the formation of a favorable short-term zone for opening short positions. The resistance zone of $137–$140 remains key, and the chart structure suggests a possible decline in the absence of strong buying momentum.
The material is prepared for analytical purposes and reflects the current state of the cryptocurrency market within the H4 chart of the SOL/USDT pair.
