Solana $SOL is back.
Solana has reached a crucial crossroads, clutching onto the $150 price threshold. A make-or-break point for Solana, a support level where it needs to gather its strength for a breakthrough and gaining a foothold. Securing this spot is vital; it is the point of a previous breakdown that has to be turned into support.
However, the path ahead is not clear. A resistance is at $151, a line that Solana has flirted with but has not yet crossed with conviction. Pushing past it could signal a rally, but falling short might mean a struggle to find footing again.
Looking at the chart, if Solana breaks past the $151 resistance, the next target to watch would be around $166.57. Reaching and staying above this level could be the boost Solana needs to confirm its bullish stance in the market. Conversely, if Solana cannot gather the strength to climb over this resistance, it may retest the waters around the $138.69 support level.