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Steven Walgenbach
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Solana Gears Up for Its Next Breakout — $250 in Sight? Solana (SOL) is showing renewed bullish strength on the daily chart as price action consolidates above key support and momentum indicators signal a potential continuation phase. After a modest pullback, SOL has regained traction around the $230 zone — an area now reinforced by significant bid walls and institutional buying interest. Short-term moving averages are tilting upward, reflecting growing market confidence and sustained demand. The alignment between the 9-day and 20-day EMAs points to steady accumulation, suggesting that bulls are preparing for another leg higher. The MACD’s widening histogram reinforces this view, highlighting increasing bullish momentum. Meanwhile, the RSI remains balanced, leaving room for further upside before overbought conditions emerge. Resistance lies at $234.74, $238.14, and $247.50 — each representing potential hurdles before a larger move toward $250. On the downside, strong support levels at $230.69 and $225.72 are backed by heavy bid walls, with one at $225 alone holding nearly 9,700 SOL, a clear sign of deep liquidity defense. Should these levels hold, the path toward a breakout appears increasingly likely. Traders may look for a breakout above $234 to confirm renewed bullish momentum, with profit targets set near the $238–$247 range. Conversely, short opportunities could emerge if the price fails to close above resistance and momentum indicators begin to stall. #Solana #CryptoMarkets #TechnicalAnalysis #TrendingPredictions
Solana Gears Up for Its Next Breakout — $250 in Sight?

Solana (SOL) is showing renewed bullish strength on the daily chart as price action consolidates above key support and momentum indicators signal a potential continuation phase. After a modest pullback, SOL has regained traction around the $230 zone — an area now reinforced by significant bid walls and institutional buying interest.

Short-term moving averages are tilting upward, reflecting growing market confidence and sustained demand. The alignment between the 9-day and 20-day EMAs points to steady accumulation, suggesting that bulls are preparing for another leg higher. The MACD’s widening histogram reinforces this view, highlighting increasing bullish momentum. Meanwhile, the RSI remains balanced, leaving room for further upside before overbought conditions emerge.

Resistance lies at $234.74, $238.14, and $247.50 — each representing potential hurdles before a larger move toward $250. On the downside, strong support levels at $230.69 and $225.72 are backed by heavy bid walls, with one at $225 alone holding nearly 9,700 SOL, a clear sign of deep liquidity defense. Should these levels hold, the path toward a breakout appears increasingly likely.

Traders may look for a breakout above $234 to confirm renewed bullish momentum, with profit targets set near the $238–$247 range. Conversely, short opportunities could emerge if the price fails to close above resistance and momentum indicators begin to stall.

#Solana #CryptoMarkets #TechnicalAnalysis #TrendingPredictions
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Bullish
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Bearish
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Bullish
Laurette Egbe wuN5:
monitor bless I feel bless potential rich coai
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