Solana (SOL) Breaks Above Ichimoku Cloud, Targeting $211 Resistance

Solana (SOL) has officially broken above the Ichimoku Cloud on the daily chart, a key technical signal that often marks the beginning of a bullish trend reversal.

Solana (SOL) has now officially pulled clear of the Ichimoku Cloud on the daily chart. This is a key technical signal that can mark the beginning of a bullish trend reversal.

Solana’s breakout above the Ichimoku Cloud is more than just a technical checkpoint; it marks a critical shift in its market structure and trader sentiment. This breakout represents a move from uncertainty to confidence, as buyers begin to gain the upper hand after a period of consolidation and hesitation.

Solana’s breakout above the Ichimomo Cloud on the daily chart. Chart by TradingView

This breakout is part of a broader uptrend that began after Solana found support at the $118 level. From there, it staged a recovery, encountering resistance at the $164 zone.

Solana Momentum Check: MACD

As Solana shows signs of a breakout from a key technical pattern, a closer look at momentum indicators can provide further clues about the current market phase and potential future trends.

Solana (SOL) is showing signs of a breakout from the Ichimoku Cloud on the daily chart, which could be a bullish signal for the cryptocurrency. The MACD is also showing signs of a positive crossover, which could be another sign of increasing bullish momentum.

Solana price action is approaching a crucial juncture as it attempts a breakout from the Ichimoku Cloud on the daily chart. This breakout is part of a broader uptrend that began after Solana found support at the $118 level, where it staged a recovery from the March 2023 lows.

Along its upward journey, Solana encountered resistance at the $164 zone, where it encountered selling pressure that stalled its ascent. However, the recent price action suggests that buyers might be returning to push for higher prices.

Solana Is Approaching Key Resistance

As Solana begins to show signs of a bullish reversal, identifying and monitoring key price levels becomes essential for both short-term and long-term investors. These levels act as decision points where price action is likely to react, facing resistance or finding support.

Solana can now be seen trading at $160, having recently breached the immediate resistance at $164. It is now attempting a move toward the next resistance at $211, where prior selling pressure was encountered. A clean breakout above this area, especially backed by strong volume, would open the door for a rally toward the $240 mark.

Beyond that, $260 remains a major resistance to watch, marking a key round number and prior price rejection zone.

On the downside, $164 now serves as the nearest support following the recent breakout above the Ichimoku Cloud. Maintaining a position above this level is crucial to keep the current bullish structure intact. A breakdown below it could drag Solana back to the $148–$118 support range, where buyers previously stepped in.