Solana’s Recent Surge: Key Resistance Levels and Market Dynamics Suggest Potential for Further Upside
Main Idea
Solana (SOL) recently surged 18% to $181, facing key resistance at $184–$185, with market dynamics suggesting potential profit-taking and mixed on-chain signals.
Key Points
1. Solana's price surged 18% in under a week, reaching $181, but trading volume dropped by 10%, indicating potential profit-taking.
2. Key resistance levels are identified at $184–$185, crucial for further upward momentum.
3. On-chain metrics show $15.18 million in exchange inflows and $436.74 million in cumulative long liquidation leverage, highlighting bullish dominance.
4. Technical analysis suggests a breakout above a descending trendline, with $185 as a critical level for a potential push toward $256.
5. Solana's Relative Strength Index (RSI) is at 57, indicating room for further upward momentum, but the Supertrend line at $190.33 signals an active downtrend.
Description
Solana (SOL) recently surged 18%, reaching $181, with critical resistance at $184–$185. Market dynamics suggest potential profit-taking and selling pressure. Solana’s price rallied 18% in under a week, reclaiming the
Latest News
- XRP Faces Potential Continued Correction Amid Declining Momentum and Sideways Trading Expectations2025-08-10 09:26:59
- Ethereum Surpasses Mastercard in Market Cap, Suggesting Potential for Further Growth in Global Asset Rankings2025-08-10 09:00:44
- Michael Saylor Suggests Bitcoin May Outperform S&P 500 Amid Rising Corporate Interest2025-08-10 09:00:26
- Altcoins Lead Bitcoin in Record 31-Day Winning Streak Amid Market Optimism2025-08-10 08:48:38
- Vitalik Buterin Reclaims Billionaire Status as Ethereum (ETH) Approaches New Peak in 20252025-08-10 08:35:18