The cryptocurrency market continues to respond to comprehensive economic factors as Solana displays flexibility among global trade uncertainties. SOL’s value action formed a clear uptrend with higher climb and high levels, despite a brief 1.35% improvement in recent hours, rupture through key resistance levels with institutional-grade volume. Meanwhile, the analysts indicate the level of $ 166.82 as an important short -term axis, with the possibility of a significant upward movement if the sole can maintain a speed above $ 177 resistance.
Technical analysis highlights
- Sol climbed a high level of $ 173.03 from a low $ 159.69, which represents a significant range of $ 13.34 (8.35%).
- Price action formed a clear uptrend with high climbing and high high, which broke through a major resistance at $ 166.87.
- The up-average volume was seen around the $ 167- $ 170 region, indicating the strong buyer interest.
- $ 160.34 established notable support, where buyers stepped with punishment during the initial hours.
- The last four hours showed a quick speed over a 24-hour average with volume spikes, which suggests institutional accumulation.
- A brief downward improvement occurred in the previous 60 minutes, falling from $ 172.19 to $ 169.87 (declining 1.35%).
- The $ 170.00 psychological level served as a summarized support before failing.
- The final 30 minutes led to volatility and decrease in volume, which potentially indicates tiredness of sales pressure.
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