Solana (SOL) has seen a recent increase in price, starting from the $220 zone and aiming to break the $250 resistance level. The cryptocurrency formed a support base and surpassed the $225 level, following in the footsteps of Bitcoin and Ethereum. It also broke a bearish trend line and is now trading above $240 and the 100-hourly simple moving average. The next major resistance levels are at $244, $248, and $250, with a successful close above $250 potentially leading to further increases towards $265 and $278. On the downside, initial support is at $240 and $232, and a break below $232 could push the price towards $230 and potentially even down to $220. Technical indicators such as the MACD and RSI are currently showing bullish signs.



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