SOL Bull-Bear Battle at $90! Are the main players' low-position accumulation complete? The next wave may directly surge to $100 | In-depth technical analysis on April 17

  1. Market Overview

Current latest price of Solana SOL is 87.68 USDT.

From the overall trend, SOL entered a long-term correction cycle after reaching a high of $253 earlier, with a low near $67, then gradually stabilized. Currently, the price is in a consolidation phase oscillating between $80 and $90.

The current market structure is very typical:

Sharp decline → Bottom oscillation → Capital exchange → Waiting for a breakout

The short-term market is gradually forming a phase bottom structure.

  1. Daily Chart Analysis (Mid-term Trend)

From the daily chart, SOL has formed a clear phase bottom around $67, then the price gradually oscillated upward, with multiple attempts to break through the $90 resistance zone.

Recently, several important signals appeared in the daily structure:

Significant slowdown of the downtrend

Higher lows gradually forming

K-line bodies beginning to shrink

These features usually indicate:

The bearish force is gradually weakening, and the market is accumulating rebound momentum.

  1. 4-Hour Chart Analysis (Short to Mid-term Trend)

From the 4-hour K-line, SOL is currently in a low-position oscillating upward structure.

Recently, the price has been in:

The $80–$90 range

Continuously oscillating.

Structural features:

Higher lows gradually forming

The depth of pullbacks decreasing

The bulls are starting to attempt to break through the upper resistance

This usually means:

The market is brewing for a directional breakout.

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

From the 1-hour K-line, SOL has formed a small ascending channel structure.

Trend features:

Price gradually rising

Limited pullback amplitude

Bullish momentum is stable

Indicating short-term funds are gradually testing the upper resistance.

  1. April 17 Trading Strategy

Direction: Enter Long

Entry position: 87.68

First target: 88.99

Second target: 90.31

Stop-loss: 85.92

SOL3.42%
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