📈 Market Overview
The price $139.37 indicates that Solana has made a strong V-shaped reversal and returned to key levels. The asset not only bounced off $131 but also overcame resistances around $136.00 (50 SMA) and $138.50 (20 EMA). This is a powerful bullish signal. The initiative is shifting from sellers to buyers as the asset has successfully tested the bottom and is now aiming for $140.
● Overall trend: Bullish reversal, recovery.
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📊 Technical indicators
● RSI (14) 52.0 🟢
● MACD (12, 26) -1.50 ⚪
● EMA (20) 138.50 🟢
● SMA (50) 136.00 🟢
● Stochastic 55.0 🟢
● Momentum +6.50 🟢
( 🟢 — Buy/Growth, 🔴 — Sell/Decline, ⚪ — Neutral)
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🔍 Detailed analysis
1. Moving averages (MA)
The price has successfully returned above both critical moving averages:
• 20-day EMA ($138.50): The price is trading above it. This level is now the first dynamic support.
• 50-day SMA ($136.00): The price is also above. This confirms that the bearish attack has been repelled.
This is the most important change: the short-term trend has become bullish again.
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2. Oscillators
• RSI (52.0): The indicator crossed the central line 50 from below. This is a classic bullish signal (transition from bearish to bullish zone).
• MACD (-1.50): The MACD lines are aiming to cross upwards, and the histogram is decreasing. This indicates that the bearish momentum is dying.
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3. Support and resistance levels
● Resistance zones:
• $140.00: Key psychological level. Its breakout will open the way up.
• $142.50: Local maximum of the week and strong resistance.
• $145.00: Next supply zone.
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● Support zones:
• $138.50 (EMA 20): The nearest and most important line of defense.
• $136.00 (SMA 50): Critical support that must hold.
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💡 Movement scenarios
● Bullish scenario (Main):
If the price holds above $138.50, Solana will likely break $140.00 and head towards $142.50.
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● Correction scenario:
In case of profit fixation, the price needs to find support around $136.00. A pullback to this level will be considered a healthy retest of the broken resistance before further growth.
