Solana is currently one of the most interesting charts to watch while $BTC consolidates. We are seeing a high-stakes battle at the $130 psychological level. Here is the breakdown:
1. The EMA Ribbon (7, 25, 99):
On the 4H chart, $SOL is currently fighting to stay above the 25-day EMA.
If we can flip the 7-day EMA into support, a quick run to the $142 resistance is very likely.
The 99-day EMA is acting as a solid floor near $120. As long as we stay above this, the medium-term bullish structure remains intact.
2. RSI & Sentiment:
The RSI is sitting near 45, suggesting that $SOL is far from "overbought." There is plenty of "fuel" left for an upside move if the market sentiment shifts to "Risk-On."
Institutional interest remains high, with consistent inflows into Solana Spot ETFs despite the broader market volatility.
My Strategy:
I’m watching for a confirmed breakout above $135. A daily close above that could open the doors for a $150 test by the end of the month.
What’s your SOL target for January? Are you holding for the $200 dream or taking profits at $145? Let’s hear it! 👇
#Write2Earn #Solana #CryptoAnalysis #TechnicalAnalysis #Altcoins
