Solana Stabilizes Near $146 Support With Indicators Suggesting Possible Move Toward $160 Resistance
2025-07-06 04:52:33
Main Idea
Solana's price stabilizes near the $146 support level with technical indicators suggesting potential upward momentum, facing resistance at $154.21 and $159.99.
Key Points
1. Solana found support near the $146–$148 demand zone after retracing from a weekly peak of $159.99 on July 1.
2. Market capitalization remains strong at $79.18 billion despite a 31.56% drop in 24-hour trading volume to $2.34 billion.
3. Technical indicators, including RSI and MACD, show bullish momentum, with a potential breakout if resistance at $154.21 is surpassed.
4. Historical price action confirms the $146–$148 range as a significant support level where buyers consistently enter the market.
5. A sustained break above $154 could catalyze a bullish trend, with key resistance levels at $154.21 and $159.99.
Description
Solana (SOL) demonstrates resilience as it stabilizes within the critical $146–$148 demand zone, signaling potential bullish momentum toward the $159.99 resistance level. Technical indicators including RSI recovery and MACD crossover
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