Solana at critical decision point: will SOL breakout to $176 or tumble to $131?
2025-07-09 14:54:48
Main Idea
Solana's price is at a technical crossroads, with potential to move toward $176 if it breaks above $154 with volume support, or risk returning to the $131 support level if rejected.
Key Points
1. Solana rebounded from a swing low below $130, peaking at $187 before consolidating between $154 and $131.
2. Key resistance at $154 includes the 0.618 Fibonacci retracement and anchored VWAP from highs.
3. A breakout above $154 with volume could target $176, aligning with prior swing high resistance.
4. Lack of volume increases the risk of a false breakout and a return to the $131 support level.
5. The price action hinges on whether Solana can reclaim the $154 zone or faces rejection, leading to a retest of lower support.
Description
Solana is testing a highly technical resistance zone. A breakout could trigger a move toward $176, while a rejection risks a return to the $131 support level. Volume confirmation remains the deciding factor. Solana’s ( SOL ) price action is approaching a critical inflection point. After reclaiming the point of control within its current trading range, the asset is now challenging a dense resistance cluster. The outcome at this level, whether a breakout or a rejection, will likely determine the n...
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