2025-12-08 Monday

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Solana (SOL) Recovery Momentum Hinges on Price Closing Firmly Above $140

Solana (SOL) Recovery Momentum Hinges on Price Closing Firmly Above $140

The post Solana (SOL) Recovery Momentum Hinges on Price Closing Firmly Above $140 appeared on BitcoinEthereumNews.com. Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through…
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BitcoinEthereumNews2025/12/08 13:13
Solana Surpasses $135 and 100-Hour SMA, Hinting at Short-Term Bullish Momentum

Solana Surpasses $135 and 100-Hour SMA, Hinting at Short-Term Bullish Momentum

The post Solana Surpasses $135 and 100-Hour SMA, Hinting at Short-Term Bullish Momentum appeared on BitcoinEthereumNews.com. Solana has surged above $135, breaking a bearish trend line and its 100-hour simple moving average, signaling short-term bullish momentum amid broader market recovery. Technical indicators like MACD and RSI support this upward trend, though resistance levels loom ahead. Solana breaks above a bearish trend line and key Fibonacci levels, reclaiming $135 and moving past its 100-hour simple moving average. Technical indicators show bullish momentum as MACD strengthens and RSI remains above 50, supporting the ongoing price recovery. A failure to surpass immediate resistance may lead Solana back to lower support levels, threatening short-term price weakness, with recent volatility mirroring the broader cryptocurrency market. Solana price surges above $135 with bullish technical signals. Explore key indicators, resistance levels, and market implications for SOL traders seeking recovery insights. Stay updated on crypto trends. What is Driving Solana’s Price Recovery Above $135? Solana’s price recovery above $135 stems from a decisive break through a short-term bearish trend line and key Fibonacci retracement levels, reclaiming lost ground from recent pullbacks. This movement positions the asset favorably as it crosses its 100-hour simple moving average, fueled by broader cryptocurrency market rebounds. Traders are watching for sustained momentum to confirm longer-term gains. What Do Technical Indicators Reveal About Solana’s Momentum? On the hourly chart, Solana’s momentum indicators highlight improving market sentiment. The Moving Average Convergence Divergence (MACD) line has shifted bullish, reflecting a consistent increase in buying pressure that could propel further advances. The Relative Strength Index (RSI) stays firmly above the neutral 50 mark, underscoring positive short-term dynamics without entering overbought territory. These signals align with observations from market analysts, such as those from TradingView, who note Solana’s resilience in defending key support zones since 2023. For instance, a recent analysis by technical expert Ali on Twitter emphasized that Solana bulls are actively protecting…
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BitcoinEthereumNews2025/12/08 09:17