The bullish sentiment surrounding Solana is weakening as it struggles to break through key resistance levels. Technical indicators suggest a period of consolidation or possible decline. The token has formed a series of lower highs, indicating weakening momentum. Solana's price is currently in a consolidation phase around $143.27. While the token experienced a minor dip in value, its trading volume increased significantly. Solana faces resistance at $152, and if it fails to break through, its price could dip towards $134. However, a bounce from this support level could indicate a reversal in the downtrend. If Solana can break through the $152 resistance, the next resistance levels to watch are $163.70 and $170. The next few days will determine whether Solana can regain its upward momentum.
- Content Editor ( cryptonewsz.com )
- 2024-09-23
Solana Records a Lower High of $152; What's Next for SOL?