Solana Price Breaks Short-Term Bearish Structure, Signals Potential Bullish Shift
- Price Structure Break: Solana (SOL) has broken its short-term bearish structure, signaling a potential bullish expansion towards the $95 resistance zone, indicating a shift in market sentiment.
- Short-Term Momentum Shift: After a prolonged period of lower highs and lows, Solana's price has pushed above prior resistance and established a new high, suggesting that sellers are losing control and buyers are becoming more aggressive at current levels.
- Key Support Level: Solana must hold above the value area low to confirm the sustainability of the breakout; maintaining this level would help establish a higher low, further reinforcing the bullish structure.
- Market Volatility Expectation: In the near term, traders should expect volatility as the market digests the structure break; controlled pullbacks that hold above support would strengthen the bullish case, while a loss of value could delay further upside.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 35.923 | 51.711 | 68.093 | 83.881 | 100.263 | 116.051 | 132.433 |
| Fibonacci | 51.711 | 64 | 71.592 | 83.881 | 96.17 | 103.762 | 116.051 |
About SOL
About the author
