Solana (SOL), one of the top-performing Layer-1 blockchains, is once again catching traders’ attention as it hovers near a key resistance level.
At the time of writing, SOL is trading at $133.96, just below its recent cycle high of $135.96.
This area is critical — and could decide whether Solana continues its upward trend or faces another round of consolidation.
What’s Happening with SOL?
Over the last 24 hours, Solana has seen a modest gain of +0.85%, supported by a healthy trading volume of $6.10 billion. The overall sentiment in the market remains cautious,
with the Fear & Greed Index sitting at 33, reflecting a general state of fear among investors.
However, strong volume and steady price action suggest SOL is quietly building strength.
The Breakout Zone
Solana is currently pressing against a major resistance at $135.96.
If the price breaks and closes above this level, it could trigger a bullish rally with short-term targets at $145, and even $160 if momentum continues.
On the flip side, support levels at $130 and $120 remain strong, giving bulls a solid base to work from. Unless the price falls below $120, the bullish structure remains intact.
The Prediction
With market dominance at 2.57% and a market cap of over $69 billion, Solana remains a heavyweight in the crypto space.
If it clears the $136 mark, we can expect a bullish continuation that might lead to a full recovery toward previous highs.
Our view: Solana is showing signs of strength despite market fear.
If it breaks above $136, expect fireworks.
Keep your eyes on SOL, the next move could be big.
Comments
Post a Comment