Solana has broken out of a multi-month descending channel, altering its broader technical structure. The breakout signals a potential shift from corrective behavior to trend recovery as price action moves above prior resistance. Price traded near $140 at press time, with the immediate ceiling at $145.
Solana’s momentum strengthens as buyers tighten below key resistance. Solana’s push toward $145 comes with a clear shift in market mood, with crowd and smart money sentiment leaning bullish and reinforcing confidence behind the rally. Above that zone, momentum could open the path toward $150 and $170.
The MACD supports this move, having flipped bullish with rising histogram bars confirming strengthening upside momentum. However, price still needs follow-through; a break above $145 could trigger another wave of exits if momentum stalls.
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