Solana (SOL) has recently experienced a major breakout, breaking through the resistance at $24 and turning it into support. This bullish price action has been accompanied by sustained buy volume over the past four days, pushing the daily RSI closer to the overbought area above 70 points. The daily MACD also painted a bullish cross, signaling that a major move higher is more likely.
As a result, the bias for SOL is currently bullish, and the momentum favors buyers. If the price can push above $26, it could open the way for the price to reach $30 next. In the short-term, it appears that the price is ready for higher levels, as the renewed momentum coming back to Solana after a short correction is strong.
Overall, the current market conditions are favorable for Solana, and the bullish trend is likely to continue in the near future. Investors should watch out for any potential resistance levels, as they could be an indication of a potential pullback or reversal. However, if the price can break through these levels, the price could continue to rise in the coming days.
