Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Solana’s price action is showing fresh signs of strength as bulls reclaim key technical levels. With momentum building around critical supportand resistance zones, traders appear to be positioning for the next leg higher. The chart setup suggests renewed upside potential, but overbought signals hint that caution may still be warranted. Solana Breaks Above 200 SMA, Extending Bullish Momentum
Gemxbt, a crypto analyst on X, recently highlightedSolana’s strong bullish trend as the asset pushed above the 200-day Simple Moving Average (SMA). This key technical breakout signals renewed strength in SOL’s price action, placing the cryptocurrency in a favorable position to extend its upward momentum. The break above this long-term indicator often attracts bullish sentiment, as it suggests the broader trend is shifting toward recovery and growth. Related Reading Analyst Says Solana Price Is At The Gates Of Massive Breakout, Here’s The Target 2 days ago
According to Gemxbt, Solana’s chart is now showing clear technical levels to watch, with immediate support around $195 and resistance forming at the $210 mark. These zones are crucial for traders, as they define the short-term battleground between buyers and sellers. A sustained hold above $195 would reinforce the bullish structure, while a decisive break above $210 could open the door for further gains. Source: Chart from GemXBT on X
The analystalso pointed out that momentum indicators are aligning with the bullish case. SOL’s MACD has confirmed a bullish crossover, strengthening the outlook for continued upside. At the same time, the Relative Strength Index (RSI) is approaching overbought levels, hinting that the market may be due for a temporary cooldown or pullback before the next move higher.
Gemxbt further noted that trading volume has been rising alongside price action, a sign that market participants are actively positioning around Solana. This uptick in volumesupports the bullish trend, as it reflects genuine buying interest rather than a weak rally. Pulls Back To Key Zone: Fresh Buying Opportunity Emerges
According to CryptoPulse in a recent update, Solana has retraced back to the top of a key zone, creating what the analyst views as a fresh buyingopportunity. This pullback brought SOL under the $200 level, an area highlighted as strong value for traders positioning ahead of the next potential move upward. Related Reading Solana (SOL) Falls Below Support, Will Bears Extend the Decline? 1 week ago
CryptoPulse explained that this zone acts as a favorable entry point, offering a chance to average into positions before renewed momentum takes hold. By accumulating gradually at these levels, traders can mitigate risk while still being exposed to the upside potentialwhen Solana regains strength.
The update further emphasized that patience will be important, as market momentum is expected to kick back in once SOL stabilizes above this zone. With the broader trend leaning bullish, CryptoPulse suggests that buyers positioning now may be well-placed for the next leg higher in Solana’s rally. SOL trading at $204 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com