Yigit Taha OZTURK 
As the cryptocurrency market continues its rapid movements, Solana (SOL) has been attracting investors’ attention with its price fluctuations. After a prolonged accumulation phase, Solana has initiated a strong bullish wave. Will this uptrend continue? What do the critical levels indicate? Let’s analyze it from a technical perspective.
Solana (SOL) Finds Support on the Daily Chart
Solana (SOL) has tested significant support levels on the daily chart, showing strong buyer demand in this region. If the price remains above the current uptrend, the likelihood of reaching new highs increases.
However, if daily closes occur below the trend, the price may pull back to the $160 – $150 range. This area could provide another opportunity for accumulation before a potential recovery.
Resistance Levels Clearly Defined on the 4-Hour Chart
In the short term, Solana (SOL) faces key resistance levels. If it manages to secure stable closes above $220, the price could target $245 first, followed by $300.
To gather liquidity, the price may occasionally dip below the daily trend. However, these pullbacks could be followed by strong recovery moves.
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For Solana (SOL) to sustain its bullish momentum, technical indicators must support the trend. A significant increase in volume and breaking resistance levels would provide key confirmation signals.
On the other hand, if the daily trend is broken with a close below, the current analysis could become invalid, leading to lower price levels. In particular, closing below $150 may increase selling pressure.
Is Solana (SOL) Entering a Bull Run?
It is difficult to make definitive statements in the crypto markets, but technical indicators are giving strong bullish signals for Solana (SOL). If resistance levels are breached and market interest grows, Solana could continue to rise as one of the leading altcoins.
Monitoring these critical levels and closely tracking price movements will be crucial for Solana (SOL) investors. If technical indicators and market dynamics align, Solana could overcome key barriers and reach new highs.
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