Solana’s Breakabove Resistance: Technical Analysis Suggests Bullish Momentum

Solana (SOL) continues to generate buzz in the crypto market, recently breaking through resistance and experiencing a pullback after exceeding $180. However, analysts remain optimistic about its long-term outlook, citing key technical indicators and historical price trends. The coin is currently trading below this psychological threshold of $180 but has shown resilience with repeated rebounds from support around $151.96. 50-day MA (at $158.05) serves as a critical resistance level, while its ability to rebound from local support suggests continued buying pressure. The MACD’s weakening selling pressure and the RSI’s distance from overbought levels indicate potential for a bullish surge.