Solana is back
Solana has reached a crucial crossroads by grabbing the $150 price threshold. A turning point for Solana, a level of support where she needs to gather strength to break through and consolidate. Securing the site is vital; this is the point of the previous breakout that needs to be turned into support.
However, the path forward is unclear. Resistance is at $151, a line that Solana has flirted with but has yet to cross with conviction. A break through it could signal a rally, but a failure could mean a struggle to find its footing again.
Looking at the chart, if Solana breaks through the $151 resistance, the next target to watch would be around $166.57. Reaching and maintaining above this level could be the boost Solana needs to reaffirm his bullish stance on the market. Conversely, if Solana cannot muster the strength to overcome this resistance, it could retest the waters near the $138.69 support level.
