🚀 $SOL gains technical strength and moves ahead of Hyperliquid
Solana showed a relevant improvement in its chart structure after breaking above the 200-day moving average, located in the US$ 90 area. Currently, SOL is trading around US$ 104.65, after an impressive rebound from the range near US$ 75 recorded in the second half of August.
📈 During the move, the asset traded above US$ 110, accumulating an appreciation of approximately 45% since the consolidation zone.
🔎 More important than the percentage gain is the change in the technical structure. SOL managed to successfully reclaim levels that previously acted as barriers:
• 50-day MA: ~US$ 80.78
• 100-day MA: ~US$ 82.46
• 20-day EMA: ~US$ 90.06
• 200-day MA: ~US$ 90.18
💥 The breakout above the US$ 90 range gained additional significance because it occurred alongside an increase in trading volume. As a result, SOL is now trading more than 15% above the 200-day moving average, strengthening its technical position relative to Hyperliquid.
⚠️ In the case of Hyperliquid, the price still remains below a similar long-term trend resistance. Therefore, the asset still needs to confirm a breakout that Solana has already managed to complete.
🎯 Next point to watch for SOL: the US$ 90 region. In a correction scenario, the ability to hold this level could be decisive. If the former resistance is respected as support, the breakout gains additional technical confirmation.
📊 Summary: SOL has a more favorable technical structure in the short/medium term, while Hyperliquid is still trying to overcome its main trend barrier.
#sol #solana
Solana showed a relevant improvement in its chart structure after breaking above the 200-day moving average, located in the US$ 90 area. Currently, SOL is trading around US$ 104.65, after an impressive rebound from the range near US$ 75 recorded in the second half of August.
📈 During the move, the asset traded above US$ 110, accumulating an appreciation of approximately 45% since the consolidation zone.
🔎 More important than the percentage gain is the change in the technical structure. SOL managed to successfully reclaim levels that previously acted as barriers:
• 50-day MA: ~US$ 80.78
• 100-day MA: ~US$ 82.46
• 20-day EMA: ~US$ 90.06
• 200-day MA: ~US$ 90.18
💥 The breakout above the US$ 90 range gained additional significance because it occurred alongside an increase in trading volume. As a result, SOL is now trading more than 15% above the 200-day moving average, strengthening its technical position relative to Hyperliquid.
⚠️ In the case of Hyperliquid, the price still remains below a similar long-term trend resistance. Therefore, the asset still needs to confirm a breakout that Solana has already managed to complete.
🎯 Next point to watch for SOL: the US$ 90 region. In a correction scenario, the ability to hold this level could be decisive. If the former resistance is respected as support, the breakout gains additional technical confirmation.
📊 Summary: SOL has a more favorable technical structure in the short/medium term, while Hyperliquid is still trying to overcome its main trend barrier.
#sol #solana
