Technical analysis by Z4F4R about Symbol SOL: Buy recommendation (4/11/2025)

As of April 11, 2025, Solana (SOL) is showing signs of life after a sharp pullback from its 2024 highs. The weekly chart reveals a crucial technical development as the price rebounds from a major support zone around $103.64, gaining over 8.8% this week to trade at $115.26.This level has historically acted as strong support, and the recent bounce suggests that buyers are stepping in to defend it once again. SOL is also testing the lower boundary of a long-standing ascending channel, which has guided price action since early 2023. A continued bounce here could reignite bullish momentum.However, for bulls to regain full control, the price must reclaim $135.52, the next major resistance level. A successful breakout above that could open the doors to higher targets at $165 and even $202 in the coming weeks.On the flip side, if the $103 support fails and the price closes below the channel, it could signal a breakdown toward the $85 region—or worse, a revisit of long-term demand zones between $50–$70.In summary, Solana is at a technical crossroads. The coming weeks will be critical in determining whether this bounce evolves into a full reversal or just a temporary relief in a broader downtrend.Join us in building a vibrant crypto and blockchain community! Engage in discussions, share insights, and like posts to contribute.https://bitrr.io