Solana (SOL) Price Faces Key Resistance Near $158.80 With Potential Support at $155

Key Points

1. Solana's price has shown a modest 1.6% increase over the past 24 hours, reflecting cautious but positive market sentiment.

2. Key support for SOL is at $155.93, while resistance is near $158.80, indicating limited downside risk and potential for upward movement.

3. A weekly close above $158.80 could signal bullish momentum, potentially driving SOL towards the next target near $163.54.

4. Traders are advised to set stop-loss orders below $155.93 to mitigate losses and target gains near $163.54.

5. Real-time updates from sources like COINOTAG and CoinStats are recommended for informed decision-making in the volatile market.