Hey everyone, I’ve been tracking Solana $SOL closely, and the recent price action is nothing short of impressive. SOL has exploded out of a consolidation phase, surging from $141.41 to a high of $176.15 in just a matter of days. At the time of writing, it’s holding strong at $171.29 – that’s a solid +1.05% gain in the last 24 hours, backed by a powerful uptrend on the 4-hour chart and surging volume.
From a technical standpoint, all major moving averages – MA7, MA25, and MA99 – are pointing decisively upward. The MA(7) at $169.40 is currently acting as dynamic support, helping to sustain the bullish momentum. What’s more, previous resistance levels have flipped into support zones, signaling strong buyer control and growing market confidence.
Over the past 30 days, $SOL has gained a massive 45.56%, with a 14.57% jump just in the last week. The 4-hour chart is showing a textbook breakout pattern, reinforced by rising volume – exactly the kind of setup momentum traders look for. If SOL can break above its recent high of $175.19, the next key psychological resistance sits around $180.
Momentum indicators are confirming the move: the RSI remains in bullish territory without being overbought, and the MACD shows continued buying pressure. All signs point to more upside potential.
Bottom line: $SOL is on fire. If this pace continues, we could see it test new highs soon. Stay sharp – this could be just the beginning.
