Solana (SOL) Eyes Breakout as Bullish Momentum Builds

Date: April 25, 2025

Solana (SOL) is trading around $153, up 1.87% over the past 24 hours. The price is approaching a key resistance zone near $155, forming an ascending triangle, which often signals an imminent breakout.

Key Levels:

Support: $140 and $128

Resistance: $155 and $170

Technical Indicators:

RSI near 60 suggests steady bullish momentum.

MACD shows a bullish crossover.

50/200 EMA golden cross remains intact, confirming the uptrend.

Market Sentiment: Institutional investors continue accumulating SOL, with DeFi Dev Corp adding over 65K tokens to their treasury. However, traders should watch for potential Solana network instability.

Outlook: A breakout above $155 could drive SOL toward $170–$180, while maintaining support above $140 keeps the bullish structure intact.

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