Solana's (SOL) value has surged by 20% in the last week, driven by strong technical signals and increased on-chain activity. The Ichimoku Cloud and BBTrend indicators both suggest a bullish trend, with growing strength and volatility.

Moreover, Solana is regaining its position as the top DEX platform in terms of trading volume and is leading in fee generation among major DeFi applications. The recent golden cross on the EMA lines indicates that SOL is poised to challenge key resistance levels if the positive momentum continues.

The Ichimoku Cloud analysis for Solana shows a bullish trend with pricing above key lines, indicating strong momentum. The expanding green Kumo ahead supports the ongoing uptrend, allowing for potential price increases. The BBTrend indicator for SOL has notably risen, indicating increased trend strength and volatility, which can support further upward movement.

In terms of trading volume, Solana has outperformed Ethereum and BNB in DEX volume, with a significant increase in daily activity. Additionally, Solana is excelling in fee generation, with several top protocols built on its platform, such as Pump, Axiom, Jupiter, Jito, and Meteora.

The recent golden cross on Solana's EMA lines signals a bullish outlook, suggesting a potential test of key resistance levels. If the current trend persists, SOL could target resistance levels around $136 and potentially surpass $147, $160, and even $180. However, a retreat below $124 support could lead to further downward movements, possibly revisiting levels around $112 or $95 if selling pressure increases.