Solana (SOL) price recently surged to a new all-time high, breaking volume and trading records after the launch of TRUMP’s official coin on the Solana blockchain.

While technical indicators like the EMA lines and Ichimoku Cloud reflect a bullish overall trend, they also hint at potential weakening momentum in the short term. As SOL hovers near critical levels, the question remains whether the hype can propel it toward uncharted territory above $300 or if the price will consolidate and test lower supports.

SOL Ichimoku Cloud Indicates Potential Weakening Trend

The Ichimoku Cloud chart for Solana indicates a mixed trend. The price is currently below the blue Conversion Line (Tenkan-sen) and the red Base Line (Kijun-sen), suggesting short-term bearish momentum.

However, the price remains above the green cloud (Senkou Span A and Senkou Span B), signaling that the broader trend is still bullish.

The cloud ahead is widening and remains green, which reflects potential stability in the longer term. The narrowing gap between the Conversion Line and Base Line suggests weakening bullish momentum in the short term.

If SOL price aligns back above these lines, it could indicate renewed strength, while a break below the cloud would suggest a shift toward a bearish trend.

Solana BBTrend Is Breaking Records

Solana BBTrend is currently at 25.34, slightly down from its recent peak of 25.99, the highest level since December 2023. BBTrend, or Bollinger Band Trend, measures price strength relative to the upper and lower Bollinger Bands, providing insights into volatility and trend direction. A positive BBTrend value indicates bullis

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Author: Tiago Amaral