SOL Technical Analysis – Price at $154.38: What's Next?

As Solana (SOL) trades at $154.38, its recent price action has caught the attention of investors. Currently, SOL finds strong support around $145, signaling a key level where buying pressure has stepped in consistently. On the upside, we observe a critical resistance at $160, which, if broken, could trigger a bullish rally toward $180 and beyond.

For traders looking to enter, an ideal strategy might be to wait for a breakout above $160, confirming upward momentum. Alternatively, entering at the support level near $145 offers a favorable risk-to-reward ratio for those expecting a bounce. Stay vigilant, as Solana’s speed and scalability continue to attract developers, potentially driving the next price surge. Always manage your risk, as the market remains volatile.

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