Solana price (SOL) has increased by 8% in the past 24 hours and 21% in the past week, with market capitalization near 130 billion USD – bigger than companies like Sony, Dior and ADP. The trading volume has increased by nearly 19% in the past 24 hours, currently at 10 billion USD, reflecting positive market operations.
Technical indicators such as Ichimoku and BBTREND clouds set up a Bullish, however, the sign of unity may show a pause in the dynamic. If SOL regains its strength, it can check the resistance at 292 USD and are likely to increase to $ 300 for the first time, while a reversal can bring important support at 229 USD and 211 USD. into the situation.
Ichimoku Solana Cloud pointed out to set up a bullish
Ichimoku Solana cloud pointed out the Bullish mentality, with the price currently trading in the cloud, signaling strong. Tenkan-sen line (green line) is on Kijun-sen (red line), showing short-term dynamics to support the case of Bullish.
The top cloud of green (Senkou Span A on Senkou Span B) provides further confirmation of the beneficial trend.
The lack of slopes on top of Tenkan-sen and Kijun-sen shows that the trend may be consolidated rather than acceleration. Moving over 270 USD can confirm the bullish trend continues, capable of checking higher resistance levels.
However, the price of returning to the cloud may indicate uncertainty or weakness, with the lower border of the cloud providing an important support area.
Bbtrend solana stable and positive
Sol Bbtrend is currently at 6.41, decreased from its recent peak of 26 just three days ago, but it maintained positive throughout the week. Bbtrend, or Bollinger Band Trend, is a technical indicator measuring the power and direction of the trend based on price interaction with Bollinger Bands.
The positive value indicates the motivation to go up, while the negative value shows the downtrend. The higher the value, the stronger the trend in the corresponding direction.
Although the BBTrend Solana has decreased significantly from the recent peak, the stability at 6.41 shows a decrease in motivation. This may mean that the price is consolidated, capable of building a basis for a new increase if the force buys back.
In contrast, the current level also shows that the trend is not as strong as before, can signal caution for traders waiting to be more clearly confirmed in the next direction.
Predict the price of SOL: Does Solana achieve $ 300 for the first time?
If the price of solana can regain strong motivation, it can check the highest level before it is $ 292 and is likely to increase further to $ 295. Overcoming these levels can push the price of SOL to $ 300 for the first time, marking an important milestone and attracting Bullish more attention.
These levels highlight important resistance points for traders to monitor as Solana try to continue their rise.
If the motivation for cooling down and the trend is reversed, the price of SOL can check the support level at $ 229. The breaking below this point can lead to further decline, with the next support at 211 USD and the deeper retreat around 192 USD if the level is also lost.
