A key market indicator for Solana（SOL）has turnedpositive,signaling increased buying pressure and potential bullishtrends.
Points
- PositiveCVDindicateshigherbuyingpressurethansellingpressureforSolana.
- Solanamustbreakabovethe$150psychologicalthresholdtoconfirmabullishtrend.
- Keysupportlevelat$131,correspondingtothe200EMA.
A significant market indicator for Solana（SOL）has turnedgreen,indicating an increased degree of buying pressure over sellingpressure.This information suggests thatSolana’sbuying activity on variousexchanges,includingBinance,Coinbase,andKraken,has significantly increased following the VanEck spot ETH ETFreport.
PositiveCVDandMarketSentiment
The positive cumulative volume delta（CVD）is a strong indicator of bullishsentiment.For Solana to validate a stronger bullishtrend,it must break above the$150psychologicalthreshold.Achieving this milestone would indicate increased momentum and could attract morebuyers.
KeySupportandResistanceLevels
Currently,Solana is holding a crucial support level at$131,which aligns with the200-dayexponential moving average（EMA）.Maintaining this support is vital to prevent further losses and sustain the current bullishsentiment.The$29million positive CVD is a robust signal of bullishness and could serve as a foundation for a bullmarket.
Investors should watch for sustained positive netbuying,as this is crucial for theasset’sfutureperformance.Solana’sability to hold above the$131support level and break through the$150resistance level will be key to its continued upwardtrajectory.