SOL rebounds into the resistance zone! Bulls are losing momentum above $86, and a technical pullback may occur intraday.

As of April 24th, Solana (SOL) is currently priced at 86 USDT. From recent candlestick trends, after experiencing a significant decline earlier, the market has gradually completed a bottoming oscillation and entered a phase of a rebound. However, the current price has already entered the vicinity of the short-term resistance zone. From the 4-hour and 1-hour structures, upward momentum is beginning to weaken, and there is a technical need for a short-term pullback.

This analysis mainly adopts a intraday short-selling strategy, aiming to capture a 1%—2% correction space.

1. 4-Hour Level Analysis: Rebound Enters Dense Resistance Zone

From the 4-hour candlestick structure, SOL has been gradually rebounding from the previous low point, forming an oscillating upward trend:

Higher lows:

72
75
79
82

Indicating that market funds are gradually absorbing positions.

But currently, the price has entered the 85–90 USD resistance zone.

This area previously belonged to:

A densely traded region of long and short positions
A previous resistance zone for rebounds

Therefore, it is normal for the market to oscillate or even pull back in this zone as a technical behavior.

Current 4-hour signals:

1. Upward momentum weakening

Recent several 4-hour candles show:

More upper shadows
Smaller bodies

Indicating that the bulls are starting to struggle at higher levels.

2. Price deviates from short-term moving averages

The short-term divergence rate has expanded, and the market needs to pull back to the moving average to restore structure.

2. 1-Hour Level Analysis: Formation of High-Level Oscillation Structure

From the 1-hour chart, SOL has recently formed a short-term oscillation platform between 85 and 87.

High point structure:

85.4
86.2
86.6

Although the price is still testing new highs, the upward pace is clearly slowing down.

At the same time, two short-term signals appear:

1. Volume gradually decreasing

Price is rising but volume has not significantly increased, indicating decelerating momentum.

2. Candlestick volatility narrowing

The market is entering a phase of short-term directional choice.

This structure often tends to lead to:

A pullback → Re-selection of direction.

3. Today’s Trend Expectation (April 24th)

Combining the 4-hour trend + 1-hour structure:

The more likely intraday movement for SOL is:

Rise to test → Encounter resistance above → Technical pullback

Expected intraday trading range:

83 — 88

Reasonable correction space:

1%—2%

Within the normal short-term fluctuation range.

4. Intraday Short-Selling Strategy

Opening position method

Market short:

Near 86

First take profit (+1%):

Approximately:

85.14

Second take profit (+2%):

Approximately:

84.28

Stop loss (-1.5%):

Approximately:

87.29

📊 Strategy Summary

Short position opening:
86 Market short

Take profit 1:
85.14

Take profit 2:
84.28

Stop loss:
87.29