Crypto News

As Bullish Momentum Builds, Is Solana (SOL) Ready to Reclaim Higher Ground?

  • Solana trades for $ 155 range.
  • Sol's day -to -day trace has risen more than 91%.

The sudden recovery of the Crypto market, followed by the decision of the Federal Reserve and the main announcement of the Trump deal, pushed the major ownership into the green zone. The Global Crypto Market Cap is currently around $ 3.09 trillion, after 3.14% climbing.

Among the owners, Solana (Sol) continued to get 5.60% the previous day. Solana recovery from Bearish Hold appeared after a series of resistance tests. In the early hours, the possession Putted At the low $ 144.88, and the bullish command acknowledged Sol up to $ 155.42.

At the time of the press, Solana exchanged for a range of $ 155, with a sun -day -to -day trace that exploded more than 91.10%, reaching $ 5.54 billion. Moreover, the Solana market witnessed a 24 -hour extermination of $ 13.14 million, as per coinglass Data.

Can Solana continue to ride the bull wave?

The four-hour Solana price graph shows an uprising that can gradually form a gold cross. The price of the owner can be mounted for $ 158.66. A potential subjection can view subsequent resistance around the range of $ 165.

Especially, if controlled by bears, the price can be slippery in the support zone at the level of $ 149.73. With a durable downside correction, destroying below the initial support can provide a way for a deeper slide to the precious $ 143 zone.

The moving average line of the variety (MACD) Solana line crosses the signal line. This indicates a crossover of bulls, with the possibility of a continuous climb. Besides, the Chaftin Flow (CMF) indicator located at 0.16 suggests a moderate purchase of pressure on the market, and the capital flows into the possession.

The day -to -day -relatives of index (RSI) value rest at 69.11. This indicates that Solana is approaching Excessive territoryhint in a breakout or upside down. Moreover, the bull bear bear power (BBP) value of 11.23 indicates a strong bullish command, and may have potential reversal if strength continues.

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