Solana Tags Upper Bollinger Band For First Time Since ATH — Is Momentum Returning?
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Solana (SOL) is demonstrating potential momentum recovery after experiencing recent selling pressure. The cryptocurrency has traded above the $135 psychological level, which bulls have successfully defended, potentially signaling a trend reversal.
March 26, 2025 | 2:45 pm
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Technical analysis indicates Solana is testing its upper Bollinger Band for the first time since its all-time high, which could suggest increasing buying pressure and potential short-term price appreciation.
Touching the upper Bollinger Band often signals potential trend reversal or continuation of bullish momentum. The defense of the $135 psychological level suggests growing investor confidence.
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