S&P 500, H1:
The S&P 500 index has successfully reclaimed upward momentum after a brief false breakout earlier this month near the 6,510 resistance level. Following a swift pullback of more than 1%, the index not only recovered its losses but also achieved a decisive breakout above its previous all-time high, reaching uncharted territory and reinforcing a structurally bullish outlook.
The price action reflects underlying strength, with the index demonstrating resilience by quickly negating the prior bearish signal and establishing new record levels. This recovery, coupled with the extension into new high ground, indicates robust institutional support and positive sentiment toward U.S. equities.
Momentum indicators are aligning with the bullish price structure. The Relative Strength Index is advancing toward overbought levels, signaling strengthening buying pressure, while the Moving Average Convergence Divergence is showing early signs of rebounding above its zero line. This suggests that a new phase of bullish momentum may be building, supporting the case for further near-term gains.
Resistance Levels: 6550.00, 6585.00
Support Levels: 6510.00, 6462.00
Solana (SOL), H4
Solana has demonstrated renewed technical strength, breaking decisively above the significant resistance level near $210.00 and maintaining support above this psychological threshold. The move follows a period of consolidation characterized by a series of higher lows since the August low near $156.00, confirming a structural improvement in market sentiment and reinforcing a bullish near-term bias.
Momentum indicators are aligned with the positive price action. The Relative Strength Index is trading near overbought territory, reflecting sustained buying interest, while the Moving Average Convergence Divergence has rebounded from above its zero line and continues to trend higher. This suggests that bullish momentum is not only intact but accelerating, supporting the potential for additional gains.
The cryptocurrency now faces near-term resistance near the $236.46 level—its February peak—with a clear break above, likely opening the path toward the all-time high near $295.83. Should SOL maintain support above $210.00, it would signal continued buyer commitment and likely attract further momentum-driven interest.
Resistance Levels:226.25, 241.30
Support Levels:210.60, 197.40
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