Is Solana about to break out? Key levels and indicators are monitored carefully

Solana shows strong bullish signs supported by moving average, volume, and momentum indicators. Rally.

What the Bulls need to see to maintain the rally

with x postGEMXBT said the Solana 1-hour chart shows a bullish market structure, with price trading above the 5, 10 and 20-day moving averages. The signs of a short-term moving average indicate that the buyer is in control. Recent price action is supported by notable volume spikes, which checks the strength behind the upward movement and adds reliability to the rally.

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key resistance It’s around $154, when Sol had previously faced sales pressure. This zone determines whether bullish momentum can increase the price. On the downside, support sits near $150. This acts as a cushion to absorb immediate sales pressure and prevent deeper pullbacks.

The relative strength index (RSI) is approaching the territory that was acquired. This may indicate that the asset is due to the period of consolidated or sideways movement before continuing the climb. Meanwhile, moving average convergence divergence (MACD) has recently shown bullish crossovers, suggesting that upward trends could continue when buying interest.

Crypto Investor and Trader Theodor Coin It was revealed The Solana 1 hour chart shows a clear recovery after the DIP seen in early July. Open profits are on the rise, currently exceeding $3.62 billion.

The increase here usually indicates a growing trader market Engagement is a precursor to increased volatility and significant price movements. From here, A breakout that exceeds the $154 resistance could unleash a strong rally supported by growing market interest and positive momentum.

The uptrend line remains the same. It’s a positive sign

Also known as Day on X. update Solana holds it for longer than long term support The level was a lary launchpad with an area of ​​about $120 on the weekly chart.

Related readings

Long-term uptrend line It’s still Undamaged, each one gets higher, and the case with large cup and handle patterns becomes stronger. However, this pattern will not be seen until Sol surpasses its $250 important resistance zone. This is the level that limits price action during the previous rally.

If Sol breaks out beyond the $250 zone, you can unlock the $500 measured transport price target. milestone Solana recovers and expands. Analysts also noted that Sol is not there yet, and that the Bulls’ first step is regaining a $185 resistance level.

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