SOL Moonwalks Past Competition As Solana Shows Off
Solana (SOL) continues strutting down the crypto runway like it owns the place, maintaining a bullish strut on its Ichimoku Cloud chart while other chains try desperately to keep up. The BBTrend indicator has perked up after its coffee break, signaling buyers are back from lunch and ready to party.
On-chain activity is hotter than a summer blockchain barbecue, with Solana leading all blockchains in DEX volume and collecting fees like a toll booth on the only bridge to Crypto Island. With SOL now trading above a key resistance level, it's eyeing higher ground—though a loss of momentum could still send it sliding down the crypto playground slide.
Solana Chart Looking Bullish But Momentarily Forgot Its Gym Routine
On Solana's Ichimoku Cloud chart, the price is currently flexing above the Kijun-sen (red base line) but has dipped below the Tenkan-sen (blue conversion line), like someone who skipped leg day but still has impressive biceps.
The flattening Tenkan-sen suggests SOL might be taking a breather or considering a tactical retreat. Still, with price holding above the Kijun-sen, the medium-term support is standing firm like a bouncer at an exclusive crypto club.
The overall Ichimoku structure remains as bullish as a Wall Street trader on espresso, with a thick, rising cloud and leading span A towering over span B—like a skyscraper casting its shadow on a garden shed.
SOL BBTrend Acts Like It Just Downed An Energy Drink
Meanwhile, Solana's BBTrend sits at a comfortable 6, like a cat that's been purring in positive territory for nearly ten days after reaching rockstar status at 17.5 on April 14. The recent bump from 4.26 to 6 suggests it just remembered it left the oven on and needs to get moving again.
BBTrend, or Bollinger Band Trend, is basically the crypto equivalent of a mood ring for price movements.
Solana Makes Other Chains Look Like They Brought Knives To A Gunfight
Solana has once again claimed the blockchain throne for DEX volume, flexing $15.15 billion over the past seven days. Meanwhile, Ethereum, BNB, Base, and Arbitrum combined for $22.7 billion, proving that four chains can indeed beat one—if they gang up.
In just 24 hours, Solana processed $1.67 billion in volume, mostly thanks to its meme coin ecosystem that's breeding faster than rabbits in springtime and the ongoing launchpad showdown between PumpFun and Raydium that looks like two DJs battling for club supremacy.
When it comes to application fees, Solana is collecting them like a kid hoarding Halloween candy. Four of the top ten fee-generating apps—PumpFun, Jupiter, Jito, and Meteora—are Solana natives, with Pump leading the pack with nearly $18 million in fees, enough to make even bank ATMs jealous.
Solana Breaks Resistance Like It's Going Through Paper Walls
Solana has finally smashed through its $136 resistance level like the Kool-Aid Man through a brick wall, turning it into a support level that held firm during yesterday's test.
Its EMA lines are stacked more neatly than a professional poker player's chips, suggesting this uptrend isn't just a fluke.
If this momentum continues, SOL could sprint toward $147 and $152—waypoints on its journey to the promised land of $179.
The current structure has buyers feeling more confident than a peacock in full display, with higher lows building a stairway to heaven.
However, if momentum fades faster than New Year's resolutions, a retest of $136 would be inevitable. Break that, and SOL might need to refresh its LinkedIn profile and consider supports at $124 or even $112.
Abimbola Adu
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