Solana’s price has broken out of its downtrend and is showing bullish momentum. Currently just under the $20 resistance level, if Solana can break above it, the next target is at $22. The price action indicates a bullish bias.
With the downtrend over, Solana can expect a sustained relief rally as long as it breaks above $20. There is good support at $19, which can act as a defense line against sellers. The bullish momentum is increasing, and the price has already gained 10% in the past seven days.
The daily MACD is expanding as well, making higher highs at an accelerated pace in line with the price. If this momentum continues, Solana could end the week with a double-digit gain. Overall, the bias for Solana is bullish.
In the short term, buyers should watch for the price to break above $20 and potentially reach the resistance level at $22. These two levels are important for determining Solana’s next move.
#Solana #cryptocurrency #priceanalysis #bullishmomentum #downtrendbreakout #resistancesupport
Keyphrase: “Solana price breakout”
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