Is Solana (SOL) Price Primed for $40 Following Recent Breakout?

Is Solana (SOL) Price Primed for $40 Following Recent Breakout?

The Solana (SOL) price broke out from long- and short-term resistance levels, likely initiating a bullish trend reversal.
The price action and indicator readings in multiple time frames support the continuing of the increase towards a new yearly high and beyond.
A close below $26 will invalidate the breakout and could lead to a significant decrease. There are currently no signs that support this possibility.