Altcoins News
By Maheen Hernandez
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Solana Rebounds From $162 Support. Much like Bitcoin and Ethereum, Solana found support earlier this week and began a fresh push…
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Key Technical Resistance Ahead. Technically, the next major resistance stands at $172.
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What's Holding Back SOL?. Despite the upward momentum, Solana has struggled to break the $170–$172 resistance zone.
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Potential Downsides to Watch. While the current trend leans bullish, there’s always a risk of reversal—especially if the price…
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Solana Outlook – What Comes Next?. For now, Solana’s price action shows potential. The bullish momentum remains intact as long as the…
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Final Thoughts. Solana (SOL) is at a critical point, trading in a tight range but showing signs of strength.
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Solana (SOL) is once again showing signs of life as it rebounds from recent lows and looks to break through critical resistance levels.
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More importantly, the price moved beyond the 50% Fibonacci retracement level of the recent decline from $172 down to $162.
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Technically, the next major resistance stands at $172. This is a crucial level because it not only marks a previous swing high but also sits close to the 76.
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Adding to the setup, there is a contracting triangle forming on the hourly chart, with resistance near $168.
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A clean close above $175 would strengthen the bullish case, possibly setting the stage for a run to $182 or even $192 in the coming days.
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Despite the upward momentum, Solana has struggled to break the $170–$172 resistance zone. This is a sign that sellers are still active and that bulls need stronger volume and…
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Much of this hesitancy could be due to broader market caution. While Bitcoin and Ethereum have also seen some recovery, the overall crypto market remains in a wait-and-see mode,…
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While the current trend leans bullish, there’s always a risk of reversal—especially if the price fails to break $170 and starts losing momentum.
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The next key support zone would then be around $152, and a move below that could take the price down to the psychological $150 level.
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