Solana (SOL) has seen a 5.60% gain as the crypto market shows signs of recovery with a surge in daily trading volume by over 91%.
The bullish momentum in the market has led Solana to trade around $155, following a series of resistance tests and reaching a high of $155.42.
The four-hour price graph of Solana indicates a potential uptrend towards $158.66, with resistance expected at around $165, while the support zone lies at $149.73.
Technical indicators like the MACD, CMF, RSI, and BBP suggest a bullish outlook for Solana but also point towards the possibility of an upcoming breakout or reversal.