koinmilyoner
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Bullish
Technicals Focus: Solana Nears $150 Resistance
Back in focus, Solana (SOL) rose to $139.91, barely below the $150 resistance zone. Bulls restored momentum after weeks of consolidation, defending a major trendline and setting SOL for a May breakthrough.
What started it? Institutionalized guilt. Galaxy Digital staked 462,000 tokens and bought 606,000 SOL worth $83 million in four days, demonstrating long-term trust in Solana's scalability and ecosystem maturity.
This shows Solana's long-term scalability and ecosystem expansion are well supported.
It's not speculative hype—this is a significant attitude change that might support a longer-term gain. With May approaching, traders are eager to see whether SOL can break $150 and prolong its run.
Galaxy Digital paid $83M for 606,000 SOL.
Institutional flows are reviving bulls.
462,000 tokens staked—long-term commitment
Technicals Focus: Solana Nears $150 Resistance
Solana is testing the $145–$150 resistance zone, which was important support before February's slump. A multi-week reversal here might lead to $180 and $200, important zones from January's rise.
The rising 50-period EMA at $129.82 backed the bullish engulfing candle at $136, confirming a robust breakthrough. This level now supports short-term pullbacks dynamically.
Momentum indicators support bullishness. MACD has switched positive with expanding signal lines, and RSI is 55.71—bullish but not overbought, indicating continuation.
Resistance levels: $145.46, $152.96
Support Zone: $129.80 (50 EMA)
Neutral to bullish RSI: 55.71
The Solana (SOL/USD) trade setup is bullish over $136.
Breakout over $136 is a solid technical setup for traders. A pullback and rebound from this level might give a high-probability long entry. The positive structure maintains if the price stays above the trendline and 50 EMA.
Trading Strategy:
Entry: $136 pullback and bounce
Short-term goal: $145.46, long-term $152.96
Protect downside with stop loss below $129.80
#TrumpVsPowell #CanadaSOLETFLaunch #SolanaSurge #PowellRemarks $SOL
Back in focus, Solana (SOL) rose to $139.91, barely below the $150 resistance zone. Bulls restored momentum after weeks of consolidation, defending a major trendline and setting SOL for a May breakthrough.
What started it? Institutionalized guilt. Galaxy Digital staked 462,000 tokens and bought 606,000 SOL worth $83 million in four days, demonstrating long-term trust in Solana's scalability and ecosystem maturity.
This shows Solana's long-term scalability and ecosystem expansion are well supported.
It's not speculative hype—this is a significant attitude change that might support a longer-term gain. With May approaching, traders are eager to see whether SOL can break $150 and prolong its run.
Galaxy Digital paid $83M for 606,000 SOL.
Institutional flows are reviving bulls.
462,000 tokens staked—long-term commitment
Technicals Focus: Solana Nears $150 Resistance
Solana is testing the $145–$150 resistance zone, which was important support before February's slump. A multi-week reversal here might lead to $180 and $200, important zones from January's rise.
The rising 50-period EMA at $129.82 backed the bullish engulfing candle at $136, confirming a robust breakthrough. This level now supports short-term pullbacks dynamically.
Momentum indicators support bullishness. MACD has switched positive with expanding signal lines, and RSI is 55.71—bullish but not overbought, indicating continuation.
Resistance levels: $145.46, $152.96
Support Zone: $129.80 (50 EMA)
Neutral to bullish RSI: 55.71
The Solana (SOL/USD) trade setup is bullish over $136.
Breakout over $136 is a solid technical setup for traders. A pullback and rebound from this level might give a high-probability long entry. The positive structure maintains if the price stays above the trendline and 50 EMA.
Trading Strategy:
Entry: $136 pullback and bounce
Short-term goal: $145.46, long-term $152.96
Protect downside with stop loss below $129.80
#TrumpVsPowell #CanadaSOLETFLaunch #SolanaSurge #PowellRemarks $SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SOL
148.93
-1.94%
