Bullish Signals Emerge for Solana

Market analysts have identified a Golden Cross and a bullish continuation pattern on Solana’s daily chart, indicating potential upward momentum.

🔹 Key Support Area

A strong support range lies between $166 and $161, supported by the 200-day EMA and the Fibonacci 0.5 retracement level. Holding this zone is crucial for bullish traders.

🔹 Upside Target: $255.93

If Solana maintains its current trend and decisively breaks through $189 with solid trading volume, it could rally first to $206, and potentially extend gains to around $255.93.

🔹 MACD Still in Negative Territory

Despite the bullish setup, the MACD remains bearish, signaling lingering downward pressure. Traders should wait for a confirmed shift before entering aggressive long positions.

🔹 Important Price Levels to Monitor

Support: $158

Resistance: $189.49 and $206.13