Solana's SOL is currently in a consolidation phase, trading at $237.80. Traders are uncertain whether it will break the $260 resistance level or drop to $212 support. Key technical indicators show mixed signals, with the 50-day moving average forming a golden cross, indicating bullish momentum, but both moving averages sloping downward, suggesting selling pressure. The Bollinger Bands show a widening range, indicating potential significant price changes. The MACD indicator shows weakening momentum, and the RSI reading places the coin in neutral territory. Solana faces strong resistance at $264.63, but its market structure remains largely bullish due to rising Total Value Locked (TVL) and a thriving NFT market. The next critical move for Solana lies at the $260 resistance level, and traders should closely monitor volume and price action.



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