$SOL has recently broken above a long-term descending trendline, while Solana network activity has reached a record level, with monthly on-chain transactions reportedly exceeding 5 billion.
📊 Key Levels:
• Resistance: Recent swing high / breakout zone
• Support: Previous trendline breakout area
• Confirmation: Holding above the breakout zone
📈 If SOL maintains the breakout and buying volume remains strong, the recovery structure could continue.
📉 If the breakout fails and SOL falls back below the trendline, a deeper pullback becomes possible.
#SolanaStrong #solanAnalysis
📊 Key Levels:
• Resistance: Recent swing high / breakout zone
• Support: Previous trendline breakout area
• Confirmation: Holding above the breakout zone
📈 If SOL maintains the breakout and buying volume remains strong, the recovery structure could continue.
📉 If the breakout fails and SOL falls back below the trendline, a deeper pullback becomes possible.
#SolanaStrong #solanAnalysis