Bulls Solana$SOL regain control

On the daily chart, the MACD is close to forming a 'golden cross', signaling a potential rise. This pattern occurs when the MACD line (blue) crosses above the signal line (orange), which is considered a bullish momentum signal.

If the assumption is correct, Solana may begin a new growth phase in the coming days.

The Balance of Power (BoP) indicator shows positive values, reflecting a resurgence of buying strength. At the time of writing, it stands at 0.36.

A positive value of the indicator indicates the dominance of buyers. Increased demand shows that bulls are regaining control after a period of decline.

At the time of publication, SOL is trading at $152.20. If buying pressure increases, the altcoin may break through resistance at $157.92. A successful breakout would open the way for a rally to $165.12. $ETH $BNB