Shift

bullish

Solana

Momentum

<ul class="wp-block-list"><li>SOL flipped a descending trendline and now eyes $134–$153 resistance.</li><li>Momentum signals flipped bullish as RSI and MACD confirmed the breakout.</li><li>Price retested $120 support multiple times, reinforcing strong buyer interest.</li></ul>Solana (SOL) rebounded above a critical trendline, indicating renewed short-term strength in its price trajectory. The asset trades above prior resistance levels, with momentum shifting in favor of buyers amid consistent support retests.<h2 class="wp-block-heading" id="technical-breakout-and-momentum-shift">Technical Breakout and Momentum Shift</h2>This rally occurs while broader crypto markets remain uncertain. A breakout above $120 marks a structural shift. Eyes now turn toward the $180 level in the coming weeks. Market analyst Momin examined the recent Solana price structure against Tether (USDT) on the Binance daily chart.&nbsp;<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdYG0pYGQyK3P2BoJM_QqrwW6kMwDWr-iudUpVuJblApybDP3g1xrrpMeDASeP7SDq7t2RJnAJ4NS9Y2c8vZY1MPneXbGWLF1ATdnO9sVMb6EeRjz9wiYQnBrQCcxiX9XOTIEuE?key=9VRHIybFoeJCj9H3DW9D9mkI" alt=""></figure>Source: <a href="https://x.com/mominsaqib/status/1911020221244067907" rel="noopener noreferrer nofollow">Momin</a>Momin identified a breakout above a multi-week descending trendline, confirming a shift from <a href="https://cryptonewsland.com/solanas-cup-and-handle-pattern-puts-together-a-breakout-levels-to-watch/" rel="noopener noreferrer nofollow">bearish to bullish structure</a>. Observing market trends, his findings revealed that SOL broke key resistance after bouncing from a support zone around $100.In his deeper analysis, he pointed out a critical shift in momentum indicators supporting the breakout. He emphasized that SOL consistently formed higher lows leading into the breakout, indicating accumulation. Price traded around $124.67 after breaking trendline resistance, nearing the first resistance zone between $134.13 and $153.01.Tracking market behavior, Momin noted increasing buyer volume during the breakout phase. He explained that bullish RSI divergence from support levels aligned with previous bounce zones. A white projected path on the chart illustrates a potential continuation toward $179.51 and higher resistance near $222.06.<h2 class="wp-block-heading" id="resistance-zones-align-with-rising-momentum">Resistance zones align with rising momentum.</h2>According to TradingView, SOL’s price reached $128.50 on April 13, down 2.83% from the previous day. Trading volume registered 1.15 million, showing stable participation during consolidation. Price previously peaked near $135 before retracing to the current level.<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeEp30isez4VvKGeMWSiu2hvMG1HC_Cip4yMTgrCMVuEsgrrDvJ1-89aesZbkOYBhf6HDirHrrFoc4bvBmzss3hIDHUFq2wUkUGqQB4Gtf7sfZnoWPNVbo9fwaDRuX7Ad6Bvneffg?key=9VRHIybFoeJCj9H3DW9D9mkI" alt=""></figure>Source: <a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">TradingView</a>Analyzing liquidity shifts, the RSI closed at 51.96 after recovering from a recent low of 41.60. This momentum indicator remained above the 50 mark in recent sessions. The MACD line climbed to 2.19, with a crossover above the signal line at -3.85 <a href="https://cryptonewsland.com/solana-rebounds-from-100-with-bullish-rsi-divergence-as-volume-drops-47/" rel="noopener noreferrer nofollow">confirming rising momentum.</a>Examining trading volume fluctuations, the MACD histogram has printed green bars since April 8. This reflects gradual momentum buildup as buyers stepped in. No extreme volume spikes appeared, indicating sustained but measured demand across recent sessions.The price structure formed a small bullish breakout pattern around $135 before the recent pullback. Support held near $120 with multiple rejections at that level, forming the lower range of consolidation. Current resistance stands at $135, the recent local high rejecting further upside.The post <a href="https://cryptofrontnews.com/solana-flips-bullish-as-breakout-above-120-signals-shift-in-market-structure/" rel="noopener noreferrer nofollow">Solana Flips Bullish as Breakout Above $120 Signals Shift in Market Structure</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Solana Flips Bullish as Breakout Above $120 Signals Shift in Market Structure

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Ďalšie články zverejnené 19. 4. 2025

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