$SOL
Solana has maintained a strong bullish momentum in December 2024. After breaking a critical resistance zone between $220 and $230, it successfully retested this level as support, signaling robust upward momentum. The rally is supported by a surge in trading volume and positive sentiment in the broader crypto market .
Moving Averages: The 50-day moving average at $215 reflects strong short-term momentum, while the 200-day moving average continues its upward trend, indicating long-term bullishness.
A price chart for Solana would reflect:
• A strong upward-sloping trendline supporting its recent rally.
• Key support at $220–$230.
• Resistance levels to watch at $250 and $300.