Solana demonstrates potential for short-term bullish momentum as it nears the critical $160-$165 resistance zone, breaking its previous downtrend. This upward movement reflects growing buyer confidence and indicates a maturing market structure.
The Relative Strength Index (RSI) shows strengthening momentum without signs of overextension, peaking at 61.23 intraday before settling around 57.08. Solana maintains resilience with a balanced trading range between $149.50 and $152.80, signaling reduced volatility and disciplined market behavior.
Key technical levels come into focus: Holding above $150 support could propel SOL toward a challenge at $165, while failure to maintain this level may trigger retracement toward the $140-$145 range.
Complementing the technical outlook, the newly launched REX-Osprey SOL spot ETF generated $33.9 million in first-day trading volume. This robust debut signals heightened institutional and retail interest in Solana-based investment vehicles.