Solana ($SOL ) is turning up the heat, officially bursting through the local resistance levels to trade around $66.98! The bulls successfully cleared the hurdle we were watching, with price action locking in a solid +5.38% gain on the day.
This breakout has completely shifted the short-term market structure. On the 1-hour chart, we are printing solid green candles well above the EMA(21) at $65.52 and EMA(44) at $65.19, with the 1-hour RSI sitting strong at a bullish 65.60. Zooming out to the 4-hour timeframe, we just achieved a massive milestone by slicing right through the 4-hour EMA(21) at $65.39 and testing the EMA(44) at $66.96.
Even the daily chart is finally breathing a sigh of relief—the daily RSI has climbed up to 34.58, leaving that extreme oversold danger zone behind. We are still trading beneath the macro daily EMA(21) at $73.44, meaning the bears aren't completely out of the picture yet, but this momentum is undeniably aggressive. If we can turn this $67 zone into a support floor, the next stop looks like a liquidity run straight toward $70+.
Click on the chart below to trade. 📈
Disclaimer: Crypto trading carries high risk; this analysis is for informational purposes only and not financial advice.