Solana Stabilizes Near $146 Support With Indicators Suggesting Possible Move Toward $160 Resistance

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.