Solana Surges to New All-Time High: Will Momentum Carry It Above $300?
Solana (SOL) recently hit a new all-time high, breaking volume and trading records following the launch of TRUMP’s official coin on its blockchain. While technical indicators like the Ichimoku Cloud and EMA lines show an overall bullish trend, they suggest potential weakening momentum in the short term. The Ichimoku Cloud indicates that although the broader trend remains bullish, short-term price action may face consolidation or a pullback. Solana's BBTrend remains positive but has slightly declined, reflecting slower bullish momentum. If the hype continues, $SOL could test resistance levels above $280 and $294, potentially reaching $300. However, if momentum fades, SOL may retest support at $223, with further declines possible if key levels break.
Material prepared by the exchange: coytx.com
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