SOL Price Slows Down After Record-Breaking Surge | Airdrop Alert Pro

Solana (Sol) After the launch of the official TRUMP token on the Solana blockchain, the price recently surged to all-time highs, breaking transaction volume and transaction records.

While technical indicators such as the EMA lines and the Ichimoku Cloud reflect a bullish overall trend, they also hint at potential weakness in the short term. With SOL hovering near key levels, the question remains whether the hype can push it into uncharted territory above $300, or if the price will consolidate and test lower support.

SOL Ichimoku cloud signals potential weakness

Ichimoku Cloud Atlas Solana Indicates a mixed trend. The price is currently below the blue conversion line (Tenkan-sen) and the red baseline (Kijun-sen), indicating short-term bearish momentum.

However, the price remains above the green cloud (Senkou Span A and Senkou Span B), indicating that the broader trend remains bullish.

Clouds ahead are expanding and remaining green, reflecting underlying stability over the long term. The narrowing gap between the conversion line and the base line indicates weakening short-term bullish momentum.

if SOL price adjustment back A move above these lines could signal renewed strength, while a break below the cloud lines could signal a shift to a bearish trend.

Solana BBTrend is breaking records

Solana BB Trends It is currently at 25.34, slightly below the recent peak of 25.99, which was the highest level since December 2023. BBTrend, or Bollinger Bands band Trend, which measures price strength relative to the upper and lower Bollinger Bands, provides insights into volatility and trend direction. Positive BBTrend values ​​indicate bullish momentum, negative values ​​indicate bearish momentum.

SOL BB Trends It has remained positive for four consecutive days and remains at 25.34, indicating continued bullish momentum, although the indicator is down slightly from its peak.

This suggests that while SOL’s recent uptrend remains intact, the pace of its bullish momentum may be slowing, potentially leading to short-term consolidation.

SOL Price Prediction: Can Solana Reach $300 in January?

SOL’s EMA line maintains a bullish pattern, with the short-term moving average above the long-term moving average, indicating continued upward momentum. However, a narrowing of the gap between these lines indicates weakening trend strength, hinting at a potential reversal.

If bearish pressure increases, Solana Price It could face a retest of its support at $223. A break below this key level could trigger further declines, with the next key support at $211 and a psychological barrier at $191. SOL price Dropped below $200.

In contrast, SOL has recently achieved all time highThere is renewed excitement following the launch of the official TRUMP token on the Solana blockchain. If momentum from this event continues and hype intensifies, SOL could challenge the resistance above $280 and $294.