Solana (SOL) Eyes Key Resistance at $159.79 Amid Mixed Technical Signals🌊

As #Solana (SOL) hovers around the $159 mark, traders are keenly watching for signs of momentum shifts. Our latest analysis dives deep into the 1-hour chart, revealing key price movements, resistance levels, and potential trade opportunities.

🔍 Key Insights:

- Current Price Action: Consolidation near $159 could be pivotal. Immediate resistance at $159.79 and support at $156.0 are crucial levels to monitor.

- EMA Trends: A bullish bias is indicated with the 9 EMA above the 20 EMA, but momentum is narrowing—watch for potential shifts!

- MACD & RSI Signals: Diminishing bullish momentum raises the risk of a bearish crossover. The RSI is nearing overbought territory—what's next? #SOL $SOL