The Cryptocurrency market continues to respond to a wider range of economic factors as Solana shows resilience amid global trade uncertainty. Sol’s price action formed a clear uptrend with higher lows and higher prices, breaking through key resistance levels at facility-grade volume despite a recent short correction of 1.35%. Meanwhile, analysts point out the $166.82 level as a key short-term pivot, and if Sol can maintain momentum beyond resistance above $177, there is a possibility of a significant upward movement.
Technical Analysis Highlights
- Sol climbs from a low of $159.69 to a high of $173.03, representing a substantial range of $13.34 (8.35%).
- Price Action formed a clear uptrend with higher lowers and higher prices, breaking through key resistance at $166.87.
- Above average amounts are observed in the $167-$170 zone, indicating strong buyer interest.
- Notable support established at $160.34. There, the buyer was convicted early and intervened.
- In the final four hours, volume spikes accelerated above the 24-hour average, suggesting facility accumulation.
- A short downward correction occurred over the last 60 minutes, dropping from $172.19 to $169.87 (a 1.35% decrease).
- A psychological level of $170.00 worked temporarily as support before failing.
- The final 30 minutes show reduced volatility and volume, potentially indicating fatigue in sales pressure.
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