The cause of confidence
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Solana occupied a higher power than $ 145, while maintaining a bullish structure despite the recent fluctuations of the market. However, the bulls failed to pressure decisively on the 155 -dollar resistance area, a major level that could open the door to a wider march. While the current price procedure prefers buyers, failure to collapse indicates that the recovery may be on the table if the momentum continues to fade.
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The great analyst Jelle shared visions on X, noting that the Solana monthly candle “does not seem to be very reluctant.” According to Jelle, SOL took out all the lowest levels of integration and are still able to close the candle above those levels – a positive technical signal indicating flexibility and potential continuity.
However, merchants remain cautious, as many monitor the area between 155 and 160 dollars as the next big obstacle. A certain outlook over that region can indicate a move towards the previous altitudes, while continuous rejection may lead to a healthy correction in low demand levels. With the continued dealing with global markets with total economic uncertainty, the next few sessions will be it is very important for Sol. Bulls should be behaved quickly to defend the current levels and restore a higher floor if they want to maintain the direction in their favor.
Solana is at a pivotal level amid uncertainty in the market
Solana is currently trading at a critical level that can serve as a main pivotal point, either to restore strong climb or continued the broader downward trend. While global tensions and continuous trade conflicts between the United States and China are still outperforming investor morale, the last market behavior alludes to a possible bounce. The broader encryption market showed the signs of flexibility, and Solana was one of the prominent artists.
Since early April, Solana has increased more than 58 %, heavily recovered from the lowest local level near 95 dollars. This upward movement helped change short -term feelings, but the price is now facing a major test at the resistance level of $ 160. It can open a clean fracture and a contract over this area, the door to a larger march, which may take the Seoul towards its highest level.
Analysis of the optimistic generation It highlights that the last monthly candle of Solana shows strength. According to generation, Seoul took out all the lowest levels of integration and is still able to close the month over it – and in the form of his car a bullish mark. This paves the stage for a possible re -test of $ 240, a goal in line with historical resistance and the previous price.
However, failure to scan $ 160 may lead to the renewal of sale pressure, especially if global kidney conditions are worse. Currently, the bulls must defend the current levels and aim to ban momentum.
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A decisive test when resisting $ 160
Solana (SOL) is currently trading $ 147 after several days of struggle to break the highest level of $ 157. The bulls have maintained control of the short term, but the momentum seems to fade as the procedure continues to reduce the main resistance area of $ 160. This level remains a decisive obstacle that needs to be reclaimed decisively to confirm the continuation of the upward trend.
To keep the bullish structure and avoid deeper retreat, Sol must pay $ 160 and target the next $ 180 level. The successful step is higher than this range not only restoring confidence, but it can also calm down to a stronger restoration in the broader Altcoin market.
However, the longer Solana fails to collapse, the greater the risk of withdrawal. If the bulls lose momentum and sell pressure, it becomes a correction in the area from 130 to $ 120. This area was previously a major demand area and could provide support if tested again.
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Currently, all eyes are on Sol’s ability to restore $ 160. The next few sessions will be decisive in determining whether Solana resumes her upward path or interferes in a stage of unification and correction.
Distinctive image from Dall-E, the tradingView graph
