Sep 17, 2025
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Solana Sustains Bullish Momentum Above Key Moving Averages
Solana is showing a strong bullish trend, trading above key moving averages (5, 10, and 20-period). This indicates sustained upward momentum as buyers maintain market control.
Key Technical Levels
- Support level: $237.5
- Resistance level: $245
A break above resistance may strengthen the bullish momentum, while maintaining support is crucial for the uptrend.
The Relative Strength Index (RSI) is trending upwards, indicating growing market confidence and accumulation. Additionally, the MACD has recorded a bullish crossover, further supporting the positive sentiment.
Technical Patterns and Market Movements
- Solana experienced a rally due to a double bottom breakout, peaking at $249.60.
- Price consolidation is occurring near the $235 support level after a pullback.
This consolidation phase might allow buyers to regain strength for another price increase, provided the $235 support holds.
