Can Solana Sustain Its Trendline Break and Ignite a Bull Rally?
TLDR:
- Solana holds a long-standing trendline as traders monitor whether its recent breakout can sustain upward momentum.
- Analysts say breaking above the EMA200 could confirm renewed strength and open room for an extended bullish advance.
- Market attention grows as buyers defended the retest, showing firmness that aligns with prior continuation patterns.
- Revolut’s new support for Solana expands access for millions, adding context as traders evaluate the current setup.
Solana is approaching a decisive moment as traders monitor whether its recent trendline break can hold.
The asset has shown renewed strength near key technical zones, with price action pushing upward after a clean retest. This has drawn increased attention as the structure suggests that buyers are attempting to reinforce momentum.
The broader setup has created a cautious but focused environment, with traders observing how each upward candle has gained consistency. Market participants are now watching to see if Solana can advance toward major resistance and confirm the developing bullish structure.
Solana Break Gains Attention as Traders Watch the EMA200
Market analyst Marcus Corvinus noted that Solana shifted the tone of its chart once it moved above its trendline.
He explained that the retest showed buyers were not stepping aside, and the strength in recent candles supported the developing move. This has placed the EMA200 at the center of the current discussion.
He added that each upward step has carried more firmness, creating a structure that often precedes broader continuation.
Traders are now watching to see whether SOL can push over the EMA200 with sustained momentum. A successful move would enhance confidence and confirm the path toward earlier targets.
Corvinus mentioned that a solid break above the EMA200 could create room for a stronger advance.
He stated that a rise in volume would support this breakout and may prompt a more forceful rally. This has kept market observers focused on how Solana behaves around this critical point.
Trendline Defense and Network Developments Support the Setup
Analyst Ali pointed out that Solana bulls continue defending a trendline that has held firm since 2023.
This long-standing support has served as a reference throughout various market phases. Its preservation shows that buyers remain active as price tests key areas.
The trendline has contributed to stabilizing the chart structure during periods of uncertainty.
As long as the defense remains intact, traders consider it a central component of Solana’s current setup. This has added weight to the discussion around whether the asset can maintain momentum above its recent break.
At the ecosystem level, Revolut has introduced support for Solana payments, transfers, and staking.
With access reaching more than 65 million users, Solana’s presence expanded within a major financial platform. This development arrives at a moment when traders are evaluating whether the asset can hold its trendline break and build enough strength for a wider bullish move.
The post Can Solana Sustain Its Trendline Break and Ignite a Bull Rally? appeared first on Blockonomi.
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