SOL approaches the critical $90 mark! The bottom structure is gradually taking shape, and $100 may become the next target | In-depth analysis of the April 18 market trends

1. Market Overview

Current latest price of Solana SOL is 88.8 USDT.

From the overall trend, after SOL peaked near $253, the market experienced a long-term correction and formed a phase bottom around $67. Subsequently, the price gradually entered a consolidation and correction phase, with recent market attempts to break upward.

The current market structure can be understood as:

High correction → Panic decline → Bottom consolidation → Rebound correction

The key observation area in the market is currently the $90 resistance level.

2. Daily Chart Analysis (Mid-term Trend)

From the daily chart, after a prolonged decline, SOL’s price is gradually entering a sideways bottoming phase. Recent candlestick patterns show a clear low-level consolidation structure.

Important signals at the daily level include:

• The downtrend has significantly slowed down
• Multiple supports formed around $80
• The lows are gradually rising

This indicates the market is gradually completing the redistribution of chips.

3. 4-Hour Chart Analysis (Short to Mid-term Trend)

From the 4-hour candlestick chart, SOL is currently in a sideways upward structure.

Recently, the price has been rising gradually from around $80 and has attempted multiple times to break through the upper resistance zone.

Characteristics of the 4-hour trend:

• The correction amplitude is gradually decreasing
• The bullish momentum is stabilizing
• Market buying pressure is gradually increasing

This suggests that short-term bullish forces are gradually strengthening.

4. 1-Hour Chart Analysis (Short-term Trading Opportunity)

From the 1-hour trend, SOL has formed a short-term bullish trend structure.

Trend features:

• The lows are continuously rising
• Corrections are quickly absorbed by buying pressure
• Short-term market sentiment is bullish

This indicates that short-term funds are constantly testing the upper resistance zone.

6. Trading Strategy for April 18

Direction: Long

Entry position: 88.8

First target: 87.44

Second target: 86.13

Stop-loss: 90.75