Solana's recent trend is indeed interesting. After a clear V-shaped reversal on the 4-hour chart, the price started climbing step by step. MA5, MA10, and MA20 are aligned, indicating a bullish moving average arrangement. The current question is whether it can continue upward.
The RSI is hovering around 60 and has not entered the overbought zone, indicating that the momentum is not exhausted yet, which is a good sign. The key support level is around $132, which is holding steady. The current target is to break through the previous high of $143.
If you want to enter a contract, you might consider going long in the $138.5 to $140 range. The first profit target is at $143.4, and if the trend proceeds smoothly, you can look further up to $148. Risk control-wise, the line at $135 must not be broken—if it falls below, it indicates that the recent consolidation zone has been broken, and you should exit decisively.
Of course, technical analysis is just a reference; actual operations should be based on your own risk tolerance.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
24 Likes
Reward
24
7
Repost
Share
Comment
0/400
SpeakWithHatOn
· 01-12 04:24
Aligning moving averages is really satisfying, but I'm worried about breaking through the 143 barrier.
View OriginalReply0
BlockchainBouncer
· 01-11 18:44
This move by SOL really has some substance; I've never seen such a beautiful moving average alignment before.
View OriginalReply0
FallingLeaf
· 01-09 09:00
SOL this wave is okay, just worried about another pullback. Once 135 breaks, it feels like it's going to be a tough ride.
View OriginalReply0
BetterLuckyThanSmart
· 01-09 08:53
Entering at 138.5 is a bit nerve-wracking, but this position is indeed tempting.
View OriginalReply0
BearEatsAll
· 01-09 08:52
The moving averages are all aligned, but I still don't dare to go all-in. If $135 breaks, I'll just cut and run.
View OriginalReply0
DataBartender
· 01-09 08:49
The moving averages are arranged so neatly, it looks really comfortable, but I'm just worried that a black swan could completely revert everything back to the original shape.
View OriginalReply0
TokenomicsTrapper
· 01-09 08:44
lol ma5 ma10 ma20 alignment is literally what happens before every rug, called this exact pattern months ago
Solana's recent trend is indeed interesting. After a clear V-shaped reversal on the 4-hour chart, the price started climbing step by step. MA5, MA10, and MA20 are aligned, indicating a bullish moving average arrangement. The current question is whether it can continue upward.
The RSI is hovering around 60 and has not entered the overbought zone, indicating that the momentum is not exhausted yet, which is a good sign. The key support level is around $132, which is holding steady. The current target is to break through the previous high of $143.
If you want to enter a contract, you might consider going long in the $138.5 to $140 range. The first profit target is at $143.4, and if the trend proceeds smoothly, you can look further up to $148. Risk control-wise, the line at $135 must not be broken—if it falls below, it indicates that the recent consolidation zone has been broken, and you should exit decisively.
Of course, technical analysis is just a reference; actual operations should be based on your own risk tolerance.