Solana’s Next Move: Is a Breakout on the Horizon?

Solana (SOL) is back in the spotlight, currently trading at $145.47, with a strong recovery trend in motion.

SOL Chart (Source Coingecko)

 
After falling to a cycle low of $96.09, SOL has bounced back with over 50% gains, showing renewed interest and momentum in the market.

Over the past 24 hours, SOL has seen a slight dip of -1.70%, but this hasn't shaken the broader bullish sentiment. In fact, market indicators remain positive, the Fear & Greed Index stands at 64 (Greed), signaling investor confidence.

Key Technical Levels:

• Resistance: $155 (cycle high)

• Support: $135 – $125 zone

• Breakout Target: $170 – $200

• Market Cap: $75.36B

• Trading Volume (24h): $4.47B

If Solana breaks above $155, it could spark a strong upward move toward $170–$200, especially with growing market momentum.
However, if the price faces rejection at this level, a healthy pullback toward the $135 range is likely before any further rally.

With a circulating supply of 518.07M SOL and a yearly inflation rate of 15.82%, supply growth is something to monitor closely. 

What to Expect:

Solana is in a neutral but bullish position, hovering just below a key resistance.
Traders should keep a close eye on the $155 level, which is the tipping point for the next move.

If it breaks, momentum could take it much higher.
If not, prepare for a short-term dip before continuation.

Conclusion:
Solana’s price action is tightening near a breakout zone.
With strong market cap, decent trading volume, and positive sentiment, SOL is setting up for a potential move.
Whether you're a trader or investor, now is a critical time to watch Solana closely.

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