Solana (SOL) has seen a 9% increase in price over the past week, pushing its market cap above $100 billion. Despite this growth, trading volume has decreased by 34% in the last 24 hours. Positive indicators such as the Chaikin Money Flow (CMF) and a recent golden cross suggest bullish momentum for SOL. However, its ability to maintain an upward trajectory depends on its ability to hold the $211 support level. The CMF reflects positive capital inflows into SOL, although it has decreased slightly from its recent peak. The Average Directional Index (ADX) indicates a strong uptrend for SOL, but recent shifts in the directional indicators suggest that bullish momentum may be stabilizing. The price movement of SOL hinges on maintaining the $211 support level, with $203 as the next key level to watch. If support is lost, SOL may enter a downtrend. Conversely, the EMA lines remain bullish, and a golden cross formed recently, supporting the possibility of sustained momentum and potential upward movement for SOL.



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