- Solana SOL nears weekly golden cross with improving momentum
- Key support sits near $83 while resistance is $86 to $88
- MACD and RSI show early signs of bullish shift forming
Solana SOL is showing early signs of a potential breakout as a weekly golden cross setup nears confirmation. Momentum indicators are turning bullish while price holds above key support near $83. Traders are watching closely as fading bearish pressure and improving structure hint at a possible shift in trend direction.
Solana Golden Cross Setup Shows Early Bullish Shift
Solana SOL is showing early signs of a possible trend shift as momentum builds on the weekly chart. According to analyst Celal Kucuker, Solana SOL is approaching a golden cross setup. This pattern often signals long-term bullish momentum when confirmed.
At press time, Solana SOL is trading near $83.95, up 1.19% in 24 hours. Price is holding above the key $83 support zone. The 7-day simple moving average sits close at $83.96, showing tight consolidation.
The current structure suggests that Solana SOL is in a calm phase before a potential breakout. Market participants are watching closely for confirmation of the golden cross.
Solana (SOL) Momentum Builds as Key Levels Are Tested
Technical indicators show improving conditions for Solana. The MACD histogram bars are shrinking, which signals fading bearish pressure. The blue and orange lines are curling upward from negative territory. This suggests a shift toward bullish momentum.
RSI for Solana SOL is currently near 57.69, indicating neutral conditions. This leaves room for movement in either direction. However, price stability above $83 supports the bullish case in the short term.
The next resistance zone for Solana is between $86 and $88. A break above this range may confirm stronger upward movement. On the downside, losing $80 support could trigger a drop toward $77.
Celal Kucuker stated that Solana could reach higher levels in the next bull phase. He mentioned a potential long-term target near $1,000 under strong market conditions.Â
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
