Solana (SOL) Golden Cross Setup Near $84 Signals Possible Breakout

  • 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. 

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.

Hot this week

AI Agents Could Trigger a Blockspace Crunch, Says Avalanche CEO 

AI agents could create persistent demand for limited Layer...

Injective Price Eyes $100 After INJ Goes Live on Solana Network

INJ traded near $5.64 as momentum recovered from July...

Can Solana Price Reach $130 After SEC Tokenized Stock Relief? 

SOL rebounded from $96.13 to $98.72 after the expected...

Monero Ransom Puts 680 Revolut Accounts Under 24-Hour Threat 

Hackers demand 6,000 XMR within 24 hours over data...

Ethereum Eyes October Sepolia Test After Glamsterdam Success

Nethermind completed 2,302 tests while processing 570.7 billion gas. Sepolia...

Topics

AI Agents Could Trigger a Blockspace Crunch, Says Avalanche CEO 

AI agents could create persistent demand for limited Layer...

Injective Price Eyes $100 After INJ Goes Live on Solana Network

INJ traded near $5.64 as momentum recovered from July...

Can Solana Price Reach $130 After SEC Tokenized Stock Relief? 

SOL rebounded from $96.13 to $98.72 after the expected...

Monero Ransom Puts 680 Revolut Accounts Under 24-Hour Threat 

Hackers demand 6,000 XMR within 24 hours over data...

Ethereum Eyes October Sepolia Test After Glamsterdam Success

Nethermind completed 2,302 tests while processing 570.7 billion gas. Sepolia...

Bitwise Sees Bitcoin Rally Surviving CLARITY Act Failure

Bitwise views the Senate setback as temporary rather than...

Celsius BitMEX Lawsuit Seeks $495 Million Over Bitcoin Seizure 

Celsius seeks 6,360 BTC worth roughly $495 million from...

Fed Rate Hike Sets Stage for More Tightening Before Year-End 

The Fed unanimously raised rates by 25 basis points...
spot_img

Related Articles

Popular Categories

spot_imgspot_img