Solana has forceful stubborn signs supported by average movable, volume and shoot indicators that indicate a tiny -term pause or consolidation in rally.
What bulls must observe to keep the rally
In x postGEMXBT stated that the 1-hour Solana chart showed a stubborn market structure, with a price exceeding 5, 10 and 20-day walking average. Indication of tiny -term medium -sized medium -sized ones is signaled by a forceful rush upwards, which shows that the buyers have control. The last price campaign was supported by significant volume jumps, confirming the strength of movements up and increasing the credibility of the rally.
Key resistance It is around USD 154, where Sol had previously facilitated the pressure. This zone will determine if the stubborn shoot can escalate the price. On the other hand, support is located nearly USD 150, which acts as a pillow for absorbing immediate sales pressure and preventing deeper withdrawal.
The relative strength (RSI) indicator is approaching the purchase of a territory, which can signal that the asset is due for the period of consolidation or side to the side before continuing its climbing. Meanwhile, the discrepancy of the movable average convergence (MacD) recently showed a stubborn crossover, strengthening growth and suggesting that the rush up can be continued if interest persists.
Cryptographic investor and trader Theodor Coin revealed that the 1-hour Solana table shows a clear recovery after immersion apparent at the beginning of July. Open interest is popular and currently exceeded $ 3.62 billion.
The escalate here usually indicates a growing salesman market Commitment, which is a precursor of increased variability and significant price movements. Hence Breakout above the resistance of USD 154 can free a powerful rally driven by growing market interest and positive rush.
The growth line remains intact – a positive sign
A cryptographic analyst also known as a day for x updated that Solana holds above the long -term support Area of approximately USD 120 on a weekly chart, a level that was the launch of rallies.
Long -term growth line remains The housing intact and with each higher low level with a massive mug and handle pattern becomes stronger. However, this pattern will not confirm until the SOL settles above the critical retaining zone of USD 250, a level that constrained the price during the previous rally.
If the Sol manages to break above USD 250, it can unlock the measured target price of USD 500, which means milestone In recovery and expansion of salty. The analyst also noticed that SOL is not yet there and that the first step for Bulls is to recover the resistance level of USD 185, which consistently rejected plus tests.
A distinguished picture from Istock Images, chart from TradingView.com
