Solana (SOL) Jumps 24% in a Week — $200 Breakout Ahead?
The post Solana (SOL) Jumps 24% in a Week — $200 Breakout Ahead? appeared on BitcoinEthereumNews.com.
Solana (SOL) is up 17% in the last seven days and shows strong technical momentum across multiple indicators. Its Ichimoku Cloud chart remains firmly bullish, with price action well above the cloud and key support lines holding. The BBTrend indicator also confirms trend strength, jumping from negative territory to 16.7 and holding steady. With SOL approaching a major resistance zone, a breakout could open the door for a move above $200 for the first time since February. Solana Maintains Bullish Momentum on Ichimoku Cloud Breakout Solana Ichimoku Cloud chart is currently showing a bullish structure. The price is trading well above the Kumo (cloud), which has turned green—signaling that momentum is favoring the bulls. The Leading Span A (green cloud boundary) is above Leading Span B (red cloud boundary), confirming a positive trend. Additionally, the price consistently holds above the Tenkan-sen (blue line) and Kijun-sen (red line), which indicates that short-term and medium-term support levels remain intact. SOL Ichimoku Cloud. Source: TradingView. The Lagging Span (green line) is positioned above both the price and the cloud, which confirms the bullish bias further. The wide gap between the current price and the cloud suggests strong bullish momentum with minimal resistance in the near term. As long as the price remains above the cloud and key support lines, the trend remains clearly upward. Despite the good momentum, large transfers and unstaking from major wallets, including FTX/Alameda and Pump.fun, have sparked fears of a possible sell-off following SOL’s rapid price surge. SOL BBTrend Holds Around 16.7, Confirming Strong Bullish Momentum Solana’s BBTrend (Bollinger Band Trend) indicator has surged sharply from -0.41 to 16.76 in just two days, indicating a strong shift from a consolidating or bearish phase into clear bullish territory. BBTrend measures the distance between the price and the Bollinger Band centerline,…
