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Solana (SOL) price pumped 21% in the past week, with a market capitalization surpassing Sony.
In the past 24 hours, the price of Solana (SOL) has pumped 8%, and in the past week it has pumped 21%. Its market capitalization is close to 130 billion US dollars, surpassing companies such as Sony, Dior, and ADP. The volume has surged by nearly 19% in the past 24 hours, reaching 10 billion US dollars, reflecting strong market activity.
Technical indicators such as Ichimoku Cloud and BBTrend show a bullish outlook, but consolidation signs suggest that momentum may temporarily slow. If SOL regains momentum, it may test the resistance at $292 and is likely to break through $300 for the first time, while pullbacks may bring key support levels at $229 and $211 into view.
SOL Ichimoku cloud display shows a bullish pattern
Solana's Ichimoku cloud shows a bullish sentiment, and the price is currently trading above the cloud, indicating strength. The Tenkan-sen [(] blue line is above the Kijun-sen [)] red line, suggesting short-term momentum supports a bullish outlook.
The leading green cloud (Senkou Span A is higher than Senkou Span B ) providing additional favorable trend confirmation.
SOL Ichimoku Cloud. Source: TradingView
The lack of steep upward angles in Tenkan-sen and Kijun-sen indicates that the trend may be consolidating rather than accelerating. Breaking through $270 could confirm a continued bullish outlook and potentially test higher resistance levels.
But if it falls back into the cloud layer, it can