Recent price movements of Solana (SOL) are being analyzed by market experts who predict a continuation of the bullish trend following the breakout of key resistance levels.
Hourly Breakout
Solana has broken above a descending trendline on the hourly chart, indicating the potential for bullish continuation. The price may reach levels between $155 and $160 in the short term. Strong hourly volume has confirmed the breakout at the $153 level, which is crucial for further rally extension.
Wedge Structure on the 4-hour Chart
Additionally, analysis shows that a descending wedge is forming on the 4-hour chart, supporting the upside potential. Significant volume and a closing above $149 have played a key role in this breakout, forecasting movement towards $155.41. Support levels at $147.50–$148.00 may be critical in the event of a pullback.
Continuation Opportunities
If prices maintain above key resistance levels, analysts are confident in the continuation of the bullish trend for Solana. Observed higher lows and volume activity indicate stability in the current price structure.
The breakout of key levels on the charts confirms the potential for further bullish trend development for Solana, with important attention on levels $153 and $155.
