Solana (Sol) reached about 18% in the last 30 days. Sol's bullish structure remains technically intact, though some key indicators of momentum show signs of weakening.
At the same time, Solana continues to dominate the amount of Dex and blockchain income rankings, strengthening its strong position with the wider ecosystem. Here's a closer look at the latest technical and on-chain development for Solana.
The bullish structure is intact for Solana, but the main momentum signals weaken
Solana's Ichimoku Cloud chart shows price trial support near the top of the green cloud.
The blue baseline (kijun-sen) and red conversion (tenkan-sen) flatten and run near the candles, which sign the loss of short-term momentum.
The green top span (Senkou Span A) remains above the red span (Senkou Span B), but the shocking distance points in the weakening of the bullish momentum.
The institution's momentum appears to be building, as Solana's Defi Development Corp aims to be a “microstrategy” with a $ 1 billion plan and a Coinbase report featuring corporate treasures moving to Solana.
If Sol stays above the cloud, the bullish structure remains intact, but a drop inside can trigger a deeper integration.
Sol's BBTrend's indicator also weakens, currently 4.06 down strongly from 10.43 three days ago.
Despite this, BBTrend has remained positive for 17 days since April 11, showing that the broader momentum remains.
BBTrend measures the strength of the trend by expanding or abolishing the bollinger band; A falling bbtrend often indicates slowing momentum or integration.
If BBTrend continues to fall, Sol may lose more momentum, but a consumer recovery may still lead to a fresh breakout attempt.
Solana continues to lead the DEX volume and app fees
Solana continues to dominate the volume of Dex in various chains, which recorded $ 20 billion in trading volume in the last seven days.
In the past 24 hours, Solana's DEX volume has reached $ 2.4 billion. Last week, Solana's DEX volume increased by almost 32%.
Beyond the dex activity, Solana -based applications are leading the charts about blockchain revenue and fees.
Six of the top 10 chains and protocols – excluding stablecoins such as Tether (USDT) and Circle (USDC) – are directly tied to Solana's ecosystem, with pump and Jito leading the charge.
Sol to the key decision zone with 23% upside down potential in breakout
The Solana Exponential Moving Average (EMA) lines remain bullish, along with short -term emeds still positioned above the long -term.
However, SOL is now trading near a critical support level at $ 145, which has become an important place to watch. If this support is tested and failed, the Solana price can quickly fall to the next zone support around $ 133.82.
With a deeper sale scenario, the downtrend can expand further to $ 123.41, significantly weakening the current bullish structure.
On the other hand, if consumers return and strengthen the uprising, Sol may be ralling to test the $ 157 level of resistance.
A successful breakout above $ 157 will boost the bullish momentum and potentially open its way for a move to $ 180, offering almost 23% upside down from current levels.
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