Technical analysis by JayBigTree510 about Symbol SOL on 4/12/2025

Solana has been in a downtrend since 1-19-25 creating lower lows and lower highs. Bearish death cross was confirmed in middle of March. Price is retesting major support that was broken around the $125.00 area. Only a reclaim and higher high of this area would give any indications of a possible bottom. $147.60 area would have to be broken for a break of structure to the upside and a confirmed deviation of the consolidation range.Major resistance levels are marked on the chart and also the anchored vwaps that are anchored to important/specific price areas. These areas are points of interest where candle confirmation can lead to higher probability trades. $90.36 area looks to be wanting to be tested which is the anchor point of the vwap from the low of this entire move from late 2022.