Solana Breaks Resistance, Signaling a Bullish Market Shift

Solana (SOL) has surged past resistance levels, breaking through a descending trendline that marked a bearish pattern for weeks. This price surge is fueling optimism for a sustained rally and signals a shift in market structure. The asset’s current price hovers above crucial resistance points in the $120-$153 range. Momentum indicators like RSI and MACD have confirmed the bullish breakout, with buyers driving strong interest following rejections at the $120 support level. Technical analysis by Momin suggests a structural shift from bearish to bullish as Solana’s price action breaks above a multi-week descending trendline. This break aligns with increasing buyer volume during the rally. The potential for continued gains is highlighted in TradingView charts, which show an upward trajectory toward $180 and higher resistance levels around $222.