Solana faces a critical resistance in the short term, and a shorting opportunity emerges



SOL's performance this afternoon is worth paying attention to. The current price hovers around 145.14, just a step away from the strong resistance zone of 145-150. From a technical perspective, several signals are noteworthy: the RSI indicator has approached the overbought region, but the trading volume has not increased in tandem with the price, forming a clear divergence between volume and price.

This divergence often indicates weakening upward momentum. In the short term, market sentiment is still relatively okay, but the current position is already at the end of the strength. Once the upward move is thwarted, a quick deleveraging pullback is likely to follow.

Short-term trading suggestions are as follows:
• Short entry reference price: 144-147
• Stop-loss setting: 152
• First target: 135
• Second target: 130

From a risk-reward perspective, this setup is expected to yield about 20% profit in the short term. The key is to seize the opportunity when the resistance above is retested — markets often give the most decisive signals when they seem strongest.
SOL-1,11%
View Original
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.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
ForkInTheRoadvip
· 5h ago
The narrative of divergence between price and volume is back again. Bro, can you really smash it this time? You said the same last time... This wave of SOL feels like a trap for the bulls; 145 is indeed a bit risky. At the end of its strength, I don't believe you, man. Let's see if it hits a new high tomorrow. A 20% profit margin is just for listening; getting half of that would be pretty good. This position is indeed dangerous. I'll watch for now and see.
View OriginalReply0
MysteryBoxBustervip
· 5h ago
The divergence between price and volume, every time it feels like a sell-off is coming, but it just stubbornly pulls up... Is SOL really going to break this time? I don't really believe it. --- 145 is such a tough level to break, either a sharp surge or a plunge, can't gamble. --- Wait, RSI is overbought and there's volume support? Now that's called a short... It's settled. --- That side at 130 definitely can't break, the rebound will be fierce. --- It's the old trick of divergence between price and volume again. Will this time be just a false alarm? --- Basically, it's just trying to catch the bottom, but it has to come up with some technical reason. --- I still believe in SOL. If it doesn't fall this wave, I'll hold on tightly.
View OriginalReply0
OnchainDetectivevip
· 5h ago
I've heard the narrative of divergence between price and volume too many times. Every time, it's said to drop, but the result... However, the 145 level is indeed a bit uncertain; I'm just worried that it might break through accidentally.
View OriginalReply0
UnluckyValidatorvip
· 5h ago
The narrative of divergence between price and volume is coming up again, always the same story... and what’s the result? --- Is 145 to 150 really a resistance? It feels like they’re calling resistance every day. --- A 20% profit margin sounds good, but I always feel something’s off. --- Going short again? Last time I followed that advice and lost a lot. --- RSI overbought is indeed a bit dangerous, but no matter how you look at the volume, it doesn’t seem like it’s going to drop. --- If it really drops to 130 this time, I’ll believe it. For now, let’s just watch. --- Shorting? I’d rather eat dust than get liquidated. --- The last gasp of a dying horse... buddy, it seems like SOL’s bowstring is still pretty tight.
View OriginalReply0
0xLostKeyvip
· 6h ago
The divergence between price and volume is a trick I've seen too many times, and the result is still a reverse smash. sol just loves to deceive traders like this. --- 145-150 will break out? I doubt it, feels like there will be more volatility for a while. --- 20% profit margin sounds good, but you really need to be able to catch it. --- RSI is overbought and you still want to chase? Can this time be different... --- Shorting depends on the market sentiment; there's no absolute in the crypto world. --- Once again at the end of its strength, I was wiped out the last time I said this. --- Stop loss at 152 is a bit tight, aren't you afraid of being swept out? --- 135 is a dream, I think even 130 will be hard.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)