Solana in focus: Is the breakthrough over decisive resistances ahead?

<p> <strong> Solana in focus: Is the breakthrough over decisive resistances ahead? </strong> </p>
Solana: Current chart analysis and resistance levels
In the 4-hour chart of Solana there is currently an exciting scenario. The course is in a critical phase, since Solana is currently struggling with the 200 EMA (Exponential Moving Average). At the same time, the 50s EMA continues to move up, which could potentially generate a positive impulse that further increases the course. The VPVR (Visible Range Volume Profile) illustrates that a high trading volume has already occurred in the current area, which makes this area a strong resistance. A breakthrough through this resistance would be significant because the market is particularly established here.
If Solana succeeds in overcoming this resistance, the course could reach the red resistance zone. Interestingly, comparatively little volume has been traded in this area, which indicates that the course could penetrate relatively easily into this area as long as there is no considerable sales pressure.
Much depends on whether Bitcoin is warded off on his 50s EMA in the daily -type or manages to overcome this point and pull the entire market up. Should Bitcoin break out in the coming days, this could also be a potential catalyst for Solana for an increase.
Tart -type of Solana - The view of the next resistance
In the daily -type of Solana, a clear structure can be seen. If Solana successfully overcome the 50s EMA, the next price target is the red resistance line. This zone is particularly interesting because the 200 EMA also runs in this area, which represents another significant resistance. The overcoming of both sliding average could be crucial for a continuation of the upward movement.
Both the RSI (relative strength index) and the MacD (Moving Average Convergence Divergence) show a solid momentum with potential for further price increases. The RSI is above the 50-point mark, which is considered a bullish. The MacD shows positive momentum on the histogram, which indicates increased buyer dynamics.
The current situation with the liquidation levels is also particularly noteworthy. In the current price range, almost all short positions were dismantled. The remaining long positions indicate an increased long delta of $ 2 billion. This constellation could lead to further upward pressure at short notice, as many investors rely on a continued increase.FAZIT
The current technical analysis of Solana shows promising indicators that indicate a possible increase in the course. In particular, the data on the liquidation levels and the momentum of the indicators could be crucial for the next trading decisions of investors. The coming days could therefore be crucial for the price development of Solana, especially depending on Bitcoin’s.