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Solana Struggles To Break $160 Resistance As Top Analyst Predicts A Coming Surge

Author: Content Editor
Solana (SOL) is currently experiencing volatility and choppy price action as it tests a crucial supply level that will determine its direction in the coming weeks. Many analysts and investors are anticipating a potential surge for SOL if it can break through the $160 resistance level. Top analyst Carl Runefelt has shared a technical analysis that suggests SOL may experience a breakout and bullish momentum in the next few hours. Confidence in Solana's ability to overcome challenges is growing, and breaching the supply level could mark the start of a new upward trend. However, the market remains cautious, and if SOL fails to reclaim key levels, a potential pullback could occur. Traders are closely watching Solana's next move as it will likely set the tone for its performance in the near term. Maintaining momentum and breaking through resistance would open the door to further gains, while failure to do so could lead to a corrective move.

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