•Solana (SOL) has experienced a mixed week. After reaching a high of around $158 earlier in the week, the price dropped over 4%, driven by a decrease in network activity Oct. 16-17 and a slight cooling off in the broader crypto market following Bitcoin’s rally.
•Solana rebounded on Friday with a 5% price increase, partly due to renewed optimism surrounding the Firedancer validator being developed by Jump Crypto, which aims to enhance Solana's blockchain performance.
•SOL bullish indicators,Solana’s trading volume surged 24.88% on Friday, reaching an impressive $4.76 billion. This increased activity signals rising confidence and interest in SOL, which could positively impact its price.
👉Solana price prediction:
•Currently, SOL is traded at $153.84, struggling to break through the $155 resistance level.
•Solana's critical support level is currently at $141, and a breach below this level could trigger a sharper decline, possibly confirming a double-top pattern.
•However, if SOL can maintain its momentum, it could reach $165, where an inverted head-and-shoulders pattern signals a potential breakout. If Solana breaches the $165 neckline, the price could rally toward $185 in the coming days. Despite recent fluctuations, trader sentiment remains bullish.
