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SOL enters a critical turning point zone! $84 becomes the dividing line between bulls and bears, and the $100 trend may be on the way | In-depth technical analysis on April 20
Current latest price of Solana SOL is 84.04 USDT.
From the overall trend structure, SOL reached above $250 in the previous bull market, then entered a mid-term correction cycle, followed by a clear trend-based decline and emotional release. The price bottomed near $70 before gradually stabilizing and starting a phased rebound.
The current market structure can be understood as:
Distribution at high levels → Trend correction → Panic release → Bottom oscillation → Rebound and recovery
Currently, around $84 has become an important short-term area for bulls and bears to contest.
From the daily chart structure, after a prolonged decline, SOL has gradually formed a phase bottom structure.
Recent candlestick patterns show several important signals:
The downtrend has significantly slowed
Support has been repeatedly found in the $78–$80 range
Market lows are gradually rising
This indicates that market funds are gradually flowing back, and major players may be accumulating at the bottom.
From the 4-hour candlestick chart, SOL is currently in a sideways upward structure.
Recently, the price has been gradually rebounding from around $78, continuously testing the resistance zone near $85.
Four-hour trend features:
The retracement amplitude is gradually decreasing
Lows are continuously rising
Market buying pressure is gradually strengthening
This suggests that short-term bullish momentum is gradually increasing.
From the 1-hour trend, SOL is now in a short-term sideways upward channel.
Short-term structural features:
Bulls are gradually gaining control
Pullbacks are quickly absorbed
Market sentiment is gradually strengthening
Indicating that short-term funds are continuously testing the upper resistance.
Trading Strategy for April 20
Direction: Enter Long
Entry position: 84.04
First target: 85.3
Second target: 86.56
Stop-loss: 82.35