Analysts Predict Solanas Surge: $233 Target In Sight As Breakpoint Approaches

Solana (SOL), one of the leading cryptocurrencies by market cap, has recently shown signs of a potential price recovery after a bearish performance in August. The asset, which experienced nearly a 10% decline in the past week, has started to regain momentum as it entered September. Solana has risen from a recent low of $124 [...]

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Solana (SOL) Is Truly In Limbo If This Happens, Warns Crypto Analyst

A recent statement made by Austin Federa, a strategist at the Solana Foundation, has sparked a widespread debate within the crypto community. On Monday, Federa proposed a novel conceptualization for several enhancements on the Solana blockchain via a post on X, suggesting that “most of the L2-ish things on Solana are better thought of as Network Extensions.” While the underlying tech stack might resemble Bitcoin or Ethereum L2s, the function and role is so radically different I think founders would best be served by Network Extensions. Network Extensions extend the Solana network to new places, or bring new execution environments, specialized processing, etc to the Solana network. State Compression, cNFTs, Neons EVM layer, maybe even Phoenix all fit this mental framing imo, Federa wrote. Why This Could Put Solana In Limbo Responding to this post, Ignas, a popular crypto analyst and co-founder of Pinky Brains, voiced his analysis and concerns to his 105,000 followers on X. Ignas highlights the critical nature of the ongoing debate about Solana’s developmental strategy. He raises a fundamental question about whether the crypto community will embrace the new “Network extension” terminology or continue to favor the Layer 2 framing. Related Reading: Solanas Surge: Heres Why This Analyst Is Predicting A Rise To $360 Ignas elaborates on the potential risks associated with Solanas rebranding of its scalability solutions as Network Extensions. He cautions that if Solana’s transition leads to negative outcomes similar to those experienced by Ethereumsuch as liquidity fragmentation and a degraded user experience due to the complexities of bridging between layersthen the future of SOL could be jeopardized, leaving it in a state of limbo. ETH was stuck between BTC and SOL during this bull run. BTC was better money for less conservative and institutional investors, and SOL as a faster, simpler, and cheaper smart contract platform with higher upside than ETH. If Solana narrative shifts from a monolithic model to scaling with L2s (like Ethereum), SOL could become the new ETH. [..] then SOL is truly in limbo, Ignas warns. The impact on the Solana price could be significant. According to Ignas, Ethereum would remain the safer option for long-term investors because of its higher decentralization and no downtimes. Plus, if degens start chasing network extension tokens for SOL beta instead of buying SOL, it could stagnate SOL’s price growth, the analyst added. Related Reading: Analysts Unanimous: Solana (SOL) To Soar 100% Details Meanwhile, Ignas did not dismiss the potential advantages of Solana’s strategy entirely. He acknowledged that integrating Network Extensions from the outset, with aggregation layer solutions already in placea step Ethereum had not taken during its initial Layer 2 rolloutscould mitigate some of the common challenges associated with Layer 2 solutions. This proactive integration could preserve a unified user experience and prevent the fragmentation of liquidity. As a result, Solana could maintain the monolithic narrative while benefiting from modular approach solutions. The network extension narrative could then prevail, Ignas concludes. However, if the Solana narrative shifts to L2s, there could be an empty void for a new monolithic champion. The crypto analyst concluded: Solana’s shift to a modular scaling approach creates an opportunity for a new monolithic scaling champion in the eyes of crypto community. Could this be the perfect moment for Monad to launch? Or will another Layer 1 blockchain seize the monolithic chain crown from Solana? Exciting! At press time, SOL traded at $134. Featured image from Solana.com, chart from TradingView.com

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VanEck Predicts Solana Could Reach 50% Of Ethereums Market Cap, Targeting $330 Per SOL

Currently, Solana (SOL) is the fifth-largest cryptocurrency, with a market capitalization of approximately $71 billion. Following the recent decision by the US Federal Reserve to cut interest rates by 0.50% on September 18, the cryptocurrency market has seen a resurgence in investor confidence, leading to notable price increases for SOL. In light of these developments, [...]

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Is Solana price dropping under $100 in September?

SOL price has lost support and closed multiple daily candles below the 200-day EMA for the first time since September 2023. 

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Solana (SOL) Surges Past $130 Resistance As Funding Rate Signals Bullish Momentum

The crypto market experienced a notable surge yesterday, with Solana (SOL) breaking past the crucial 4-hour resistance at $130. This breakout has caught the attention of investors, who now anticipate a potential price surge in the coming months as market sentiment remains optimistic. Related Reading: Solana (SOL) 180-Day Consolidation Set to Break: Massive Rally Just Around the Corner? Many analysts are forecasting further gains, pointing to Solanas recent performance as a key indicator of its strength. Investors are particularly focused on SOL’s ability to maintain its momentum, with growing demand and increased interest fueling bullish predictions for the altcoin. In addition to market enthusiasm, Coinglass’s on-chain metrics reveal a positive outlook for Solana. These metrics reinforce the bullish momentum, suggesting a potential Solana rally. As more investors look to capitalize on these trends, Solana’s performance could soon play a crucial role in determining the overall market direction for altcoins. Solana On-Chain Metrics Suggest Strength   Solana is currently testing local supply and attempting to break past a crucial daily resistance level at $137l, as on-chain metrics from Coinglass reveal a strong bullish sentiment among traders and investors.  One key metric highlighting this bullish sentiment is Solana’s Open Interest (OI)-Weighted Funding Rate, which currently stands at +0.0068%. When the funding rate is positive, traders holding long positions pay funding fees to those with short positions, which typically indicates expectations for rising prices. This suggests bullish momentum is building, with traders anticipating a short-term rally in Solanas price. The growing interest from long positions further supports the thesis that Solana may be gearing up for a price surge. Bulls dominate the asset, and the data indicates a strong possibility that SOL could break out of its current trading range if the market conditions remain favorable. However, for this bullish outlook to hold, Solana must break through its current resistance level at $138 and close a daily candle above this key point. If the price breaks and holds above $138, it could signal a potential move toward higher price targets in the coming weeks. Related Reading: Avalanche (AVAX) Ready To Target $28: Investors Expect A Reversal As the market evolves, traders will closely watch Solanas price action and market structure to gauge whether a significant rally is imminent. In the meantime, Solana continues to show promise, with bullish indicators supporting a positive short-term outlook for the asset. SOL Price Action Solana (SOL) is currently trading at $135, just 4.5% away from a crucial technical indicator: the 4-hour 200 exponential moving average (EMA), which sits at $141.14. This level is a key marker of strength for SOL, and reclaiming it would signal that the bulls are gaining momentum. If SOL successfully breaks through the $135 resistance level and reclaims the 4-hour 200 EMA, it could trigger a significant upward move toward the $160 supply zone. This would mark a major recovery for the asset, potentially attracting more buyers and pushing the price higher. Related Reading: Cardano (ADA) Rally Brewing? On-Chain Metrics Suggest Investors Optimism However, if Solana fails to break past the $135 resistance, a retracement to lower demand levels is likely. $126 is the buyers’ next potential support level to step in and prevent a price drop. As SOL continues to test these key levels, traders are watching closely to see whether the bulls can maintain control or if a correction is on the horizon. Featured image from Dall-E, chart from TradingView

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Solana Price Crashes Below $160 Amid Revelations Of FTXs Hidden SOL Stash

The Solana price has been rocked by the latest bombshell revelations surrounding the collapse of crypto exchange FTX. According to a whistleblower claiming inside knowledge of FTX’s operations, the now-bankrupt company is secretly holding a massive stash of Solana tokens – up to 8% of the entire SOL supply. Triggering Fears Of Massive Sell-Off By the numbers, if these allegations are true, this would equate to approximately 46.5 million SOL tokens worth about $7 billion at the current market price, which is $155 at the time of this writing.  Related Reading: Cardano Goes Toe-To-Toe With Ethereum As Whales Scoop Up 120 Million ADA “I’m not saying Solana will go to zero, but if this news is true and FTX starts to sell the tokens in the open market, then it could dump the price of Solana significantly,”  warned a crypto user who spread the news on social media site X, known only as Wise Advice. In the wake of the news, Solana’s price plummeted below the critical $160 support level, dropping over 9% in the past two weeks and nearly 4% in the past 24 hours as rumors of FTX’s secret SOL holdings circulated.  Solana Price Risks Freefall The revelations come on the heels of the FTX estate’s previous sell-off of discounted SOL tokens to repay creditors affected by the exchange’s collapse. Just two months ago, Bitcoinist reported that the estate offloaded a $2.6 billion trove of SOL at around $102 per token. Venture capital firms like Pantera Capital and Figure Markets scooped up large portions of this discounted SOL allocation. It is worth noting that these tokens remain subject to a multi-year vesting period, limiting their immediate impact on Solana’s market dynamics. On the other hand, the alleged hidden FTX stash, if true, could overshadow the impact of these sales and pose a formidable challenge to the Solana price in the near term.  Related Reading: Bitcoin Down But Not Out: BTC To $700,000 Highly Probable Says Analyst With the potential for over $7 billion in Solana tokens to eventually hit the market, the cryptocurrency’s price may face intense selling pressure that could undermine its bullish prospects.  Still, it is imperative to note that these are only rumors and have not been confirmed by the exchange’s bankruptcy state, and that no further information has been released on the matter, including whether the state overseeing the exchange’s repayment operations plans to sell these tokens to repay creditors, if true. Potential $140s Plunge In terms of immediate price action, crypto analyst Pratty Crypto has highlighted several technical factors that could signal further downside continuation for the cryptocurrency in the coming days.  Pratty Crypto contends that Solana is facing a “lot of confluence” that points to a potential move towards the $140 zone. This includes Solana trading at a discount to the previous quarter’s mid-range, testing a key quarterly open level, and retracing 62% of its recent price run-up. In addition, Pratty Crypto warns that the deeper Solana’s price goes into the $130-$150 order block, the less likely it is to hold, potentially leading to more substantial losses.  Featured image from DALL-E, chart from TradingView.com

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Solana Poised For $400-500 Upside As Analyst Spots Wave 5 Formation

Solana (SOL), one of the largest digital assets in the market by market capitalization, has been in a period of price consolidation, oscillating between the $140 and $150 price range. This period follows a significant drop that saw SOL plummet to $109 on August 5th, with a modest recovery since then.  However, despite its resurgence, [...]

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Solana Looks Ripe To Push Higher, Is A Mania-Like Rally To $600 Coming?

Solana (SOL) was recently in the spotlight after the US Securities and Exchange Commission (SEC) adjusted its complaint regarding the classification of SOL. The network also ranked as the second largest revenue-generating crypto project on Monday. Following this, some market watchers shared their predictions regarding the tokens recent performance. Some highlighted that a recent rejection [...]

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Bullish Solana Forecast: Expert Sees SOL Reaching 50% Of ETHs Market Cap This Cycle

Solana (SOL), the fifth largest cryptocurrency in the industry, saw a notable resurgence over the weekend, in line with the broader market rally and Bitcoin’s (BTC) rebound towards the $63,000 mark for the first time in over a week.  SOLs price has successfully recovered from the losses of the past few months, surpassing the $150 [...]

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Solana Price Tipped For Explosive 1,800% Rally, Analyst Foresees $2,800 Price Target

The Solana price has experienced a significant decline, mirroring the price action of major cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC) over the past month. However, a crypto analyst has identified a significant parallel between the price movements of Ethereum in 2017 and Solana’s recent price performance. In a recent social media post, crypto analyst [...]

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Solana Primed For Massive Gains: Crypto Pundit Forecasts $600 Price Target

In recent weeks, Solana (SOL), the 5th largest cryptocurrency on the market, experienced a period of decline, hitting a two-month low of $121 on Friday. The coin’s value struggled to break above the $188 level in May, resulting in a continuous downtrend further exacerbated over the past seven days with the general markets correction.  However, [...]

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SOL Price Soars As First-Ever Solana ETF Filing Surfaces In The US

The cryptocurrency market has taken another step towards regulated and mass investment in cryptocurrencies with the first-ever application for a Solana ETF in the US by asset manager and Bitcoin ETF issuer VanEck.  Following the approval of spot Bitcoin ETFs in January and the anticipated launch of Ethereum ETFs in July, this development marks another milestone in expanding cryptocurrency investment options for retail and institutional investors. The news of VanEck’s Solana ETF filing with the US Securities and Exchange Commission (SEC) caused a surge in the native token SOL, with its price rising nearly 8% upon disclosure by Matthew Sigel, VanEck’s head of digital asset research.  VanEck’s Confidence In Its Solana ETF Filing In a social media post, Sigel highlighted VanEcks reasons behind the filing, emphasizing Solana’s potential as a competitor to Ethereum and its ability to support various applications such as payments, trading, gaming, and social interactions. Describing Solana as open-source blockchain software designed for scalability, speed, and low costs, Sigel explained that the platform offers an enhanced user experience across multiple use cases.  Related Reading: Fears Of Bitcoin Sales By US And German Govts Are FUD, Even Bullish: Experts Sigel also cited Solana’s ability to process thousands of transactions per second at low fees and use a secure mechanism based on proof-of-history and proof-of-stake as reasons for the bold move to file the Solana ETF with the SEC on Thursday. VanEck believes that Solana’s high throughput, low fees, strong security, and vibrant community make it an attractive option for an ETF, providing investors with exposure to an innovative open-source ecosystem.  In addition, Sigel believes that the native token SOL serves as a means of payment for transaction fees and computing services on the Solana blockchain, similar to Bitcoin and Ethereum in their respective networks, suggesting that it should be classified as a commodity rather than a crypto security, thus having a strong argument for SEC approval of the Solana ETF.  Analysts Anticipate Bullish Sentiment While the news of a Solana ETF filing has generated excitement, some experts express caution. For instance, Bloomberg ETF expert James Seyffart suggests that the Solana ETF might only launch in 2025 under a new administration in the White House and SEC as the anticipated election date in the US nears, with crypto regulation as one of the main topics in the race for the White House.  In addition, market analyst Adam Cochran highlights unresolved SEC claims and Chicago Mercantile Exchange (CME) futures volume requirements in the US as potential challenges to ETF approval. Cochran further said: If this does get approved though, floodgates opened, were getting ETFs for everything and it would be a wildly bullish market for every single coin. Related Reading: Why Is The Bitcoin Price Down Today? Ultimately, the filing of a Solana ETF by VanEck sets an important precedent for the cryptocurrency market. If successful, it could pave the way for broader adoption and recognition of Solana as a valuable digital commodity, offering investors, builders, and entrepreneurs alternative opportunities. At the time of writing, SOL was trading at $147 and even reached the $150 resistance line, which would be a near-term obstacle for the token in its intentions to regain previously lost levels.  Featured image from DALL-E, chart from TradingView.com

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Solana Eyes $200 Rebound As New Adoption-Driving Technology Debuts

The Solana Foundation recently launched two new tools to facilitate the integration of Web3 capabilities into mainstream platforms and the adoption of blockchain.  In a series of social media posts, the foundation launched Actions and Blockchain Links (Blinks), which, according to the announcement, is a step forward in allowing developers to build blockchain functionality into [...]

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Solana Price Braces For Potential Crash Below $100 Amid Investigation Rumors

The Solana price has experienced a sharp decline over the past month in line with the broader market correction, intensifying concerns as rumors of a potential investigation into the popular blockchain platform have recently surfaced. Regulatory Storm Brewing?  In a social media post on X (formerly Twitter), market expert Crypto Bitlord, who has a considerable [...]

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Solanas Surge: Heres Why This Analyst Is Predicting A Rise To $360

Recently, a popular crypto trader and YouTuber has predicted a substantial surge in Solana price, forecasting it could reach as high as $360 soon. This prediction is underpinned by a technical pattern on Solana’s charta bullish signal suggesting a potential reversal from bearish to bullish momentum. Related Reading: Bitcoin ETF Issuer Franklin Templeton Bullish On Solana (SOL), Foresees It As 3rd Largest Crypto Technical Insights Into SOL Potential $360 Rise According to the trader, CryptoJack on X,  SOL has developed a “rounding bottom pattern” over an extended period, indicating it is on the brink of a significant breakout. Notably, the ’rounding bottom’ pattern, characterized by a gradual decline followed by a stabilizing trend and an upward breakout, is a classic bullish indicator in technical analysis. CryptoJack’s analysis points out that Solana is setting up for a significant uptick, aiming for a price target double its current value of approximately $146. Solana formed a rounding bottom pattern over many weeks and is primed for an explosion any moment now. I entered a Long position on $SOL and expect it to break ATHs this year! #Solana pic.twitter.com/ApUazaXXz5 CryptoJack (@cryptojack) May 8, 2024 Not only does CryptoJack see a bright future for Solana, but other analysts, such as Altcoin Sherpa, also maintain a bullish stance, with projections of the token potentially surpassing $500 this year. This would represent a 300% increase from its current level, adding to the 589% growth it has already achieved year-to-date. Solana Challenges Ethereum While Solana has shown notable growth, some of its key metrics are also beginning to keep up the pace. Dan Smith, a senior research analyst at Blockworks, suggests that Solana could soon surpass Ethereum regarding transaction fees and capture Maximal Extractable Value (MEV). Smith’s analysis of X highlights that Solana’s total economic value is nearing Ethereum’s, indicating its increasing relevance in the blockchain space. Solana will flip Ethereum in transaction fees + captured MEV this month, maybe even this week Dan Smith (@smyyguy) May 7, 2024 Despite this competition, Ethereum maintains a significant lead in daily transaction fees and total value locked (TVL). In the last 24 hours, Ethereum generated over $2.75 million in fees, compared to Solana’s $1.49 million. Moreover, according to data from DeFillama, Ethereum’s TVL of over $53 billion dwarfs Solana’s $3.96 billion, representing just about 7.2% of Ethereum’s scale. Related Reading: Eclipse And Neon EVM Drive Solana-Ethereum Integration For Blockchain Interoperability Meanwhile, Ethereum does not come close to Solana in terms of market performance. Solana has seen quite outstanding growth in the past year, surging by over 500%. On the other hand, Ethereum has only seen a 66% surge over the same period. Featured image from Unsplash, Chart from TradingView

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Is Solana Preparing For Liftoff Or Meltdown? Analysts Forecast SOLs Future

After the recent market pump, Solana (SOL) recovered an important support zone. As a result, analysts have debated whether the altcoin is poised for a liftoff to a new all-time high (ATH) or about to face a meltdown. Related Reading Analysts Fear SOLs Top Is In After recovering the $160 support zone over a week [...]

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Is Solana Becoming The Preferred Choice For Ethereum Developers? SOLs Uptrend Suggests A Shift

Since trading firms like FTX collapsed in November 2022, the Solana blockchain has seen significant gains and regained investor confidence, with Ethereum developers increasingly migrating to it.  According to a recent analysis by Jack Inabinet, Senior Analyst at Bankless, with significant growth in key metrics and SOLs year-to-date increase of 770%, Solana has solidified its [...]

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Solana Multi-Year Uptrend Holds Strong Analyst Sees SOL Breaking ATH This Year

Solana is trading at a critical level as the broader crypto market consolidates below key resistance zones. After an impressive 90% surge since early April, SOL has experienced a modest pullback, sparking speculation that this may be the final dip before a significant move higher. While many assets are struggling to maintain momentum, Solana has shown remarkable strength and resilience, bolstering bullish expectations. Related Reading: Dogecoin Momentum Fades Analyst Expects $0.213 Retest Top analyst Cas Abbe shared a technical view suggesting that the long-term bullish structure for Solana remains firmly intact. According to Abbe, last months retest of the multi-year trendline marked a pivotal moment for the asset, reinforcing support and resetting sentiment for a potential continuation. Since the bounce from that level, SOL has continued to climb steadily, and many now believe that Solana is gearing up for another leg up. With fundamentals improving and historical patterns pointing to renewed upside, the market is watching closely. A successful reclaim of nearby resistance levels could be the trigger that drives Solana back toward its previous all-time highand potentially beyond. For now, SOL holders are eyeing this consolidation phase as the calm before the storm. Solana Holds Critical Support As Market Eyes Bullish Continuation Solana is testing a crucial demand zone around the $165 level, attempting to establish a foundation for its next major move. This range has become a key battleground between bulls and bears, especially as broader market sentiment is shaped by Bitcoins struggle to push past its all-time high. With BTC stalling just below $109K, uncertainty clouds the outlook for many altcoins, including SOL. However, Solana continues to show signs of relative strength. Despite recent pullbacks, the overall trend for Solana remains bullish. According to Abbe, the assets multi-year uptrend remains intact. Last month, Solana successfully retested its long-term trendline, which Abbe believes marked the bottom of the recent correction. Since that bounce, SOL has surged over 50%, demonstrating strong investor confidence and solid underlying momentum. Abbe maintains that the $290 high seen earlier was not the final peak for Solana, projecting a new all-time high sometime in 2025. His bullish thesis is supported by improving fundamentals across the Solana ecosystem, including rising developer activity, growing DeFi participation, and increasing on-chain usage. Related Reading: Range-Bound Ethereum Sees Volatility High Timeframe Levels Hold The Key SOL Price Analysis: Holding The Line Before A Big Move Solana (SOL) is currently trading at $167.76 after a sharp rally in early May that pushed the price above both the 200-day EMA and 200-day SMA. The chart shows SOL climbing over 90% since its April low, confirming bullish momentum and renewed interest across the market. However, the price is now stalling just below the 200-day SMA at $181.03, which is acting as dynamic resistance. The key support lies near the 200-day EMA at $162.55. As long as SOL holds this level, the short-term structure remains bullish. A clean break above the $181 level would open the door for a move toward the psychological $200 mark and potentially higher. But if bears regain control and price breaks below $160, the uptrend could be in jeopardy. Related Reading: Chainlink Struggles At Key Resistance Level $10 Support Back In Focus Volume has decreased slightly since the early May breakout, hinting at possible exhaustion or consolidation before another leg. Traders are closely watching for confirmation either a breakout above $181 or a breakdown below the EMA. Featured image from Dall-E, chart from TradingView

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Solana Takes The Crown: CoinGecko Ranks It The Best, Leaving Ethereum Behind In Key Metric

The race to achieve the fastest blockchain transaction processing speeds is heating up, Solana (SOL) is in the spotlight as a new report from crypto data aggregator CoinGecko reveals some surprising findings.  The study analyzes the real-world transaction per second (TPS) performance of a range of large blockchain networks, both Ethereum-based and non-Ethereum (ETH) Virtual [...]

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SOL Price Breaks Crucial $150 Level Amid Robinhoods Solana Staking Debut In Europe

Robinhood Crypto has announced the introduction of a Solana-staking product in Europe, accompanied by a bonus program for new customers.  This development comes as the company faces increased tensions with US regulators, which could potentially lead to legal repercussions. However, the move has propelled Solana’s (SOL) price to surpass the crucial $150 level, indicating a return of bullish momentum in the market. Solana Staking And Crypto Rewards According to the announcement, Robinhood unveiled new features for its European customers. These offerings include staking, localized applications, and crypto rewards.  As part of its expansion, Robinhood has launched its first crypto-staking product exclusively for European customers. Through the platform, users can stake their Solana holdings and earn rewards with the ability to unstake their assets at any time.  Additionally, new customers can receive a 10% bonus on their net purchases during their first 30 days on the platform, with the bonus paid out in Circle’s USDC stablecoin. This initiative aims to attract new users and improve their crypto investing experience. Related Reading: Bitcoin Analyst Reveals Why $57,938 Is The Level To Watch This Week While Robinhood Crypto expands its offerings in Europe, the company faces regulatory challenges in the United States. The US Securities and Exchange Commission (SEC) has issued a Wells Notice to the exchange, indicating the staff’s recommendation for an enforcement action against the platform.  Robinhood expressed disappointment in the SEC’s decision, emphasizing their efforts to seek regulatory clarity and asserting their belief that the listed assets on their platform are not securities. Vlad Tenev, the CEO of Robinhood, revealed that the company has held over 16 meetings with the SEC. However, these interactions have been largely unsatisfactory, according to Tenev. He expressed the company’s willingness to engage with the SEC in good faith but noted the regulatory body’s lack of reciprocal efforts. SOL Bulls Eye $200 As Trading Volume Rises Solana’s native token, SOL, experienced a significant rebound in the past hour, surging from the $140 zone to its current trading price of $153. This price movement holds key significance for bullish investors as they aim to retest the $200 mark previously surpassed in March.  CoinGecko data further reveals a notable increase in SOL’s trading volume, reaching $2.7 billion in the last 24 hours, representing a 6.6% rise compared to the previous Monday’s trading session. Related Reading: Floki Inu Moment Of Glory: Analysts Forecast Explosive 200% Rally According to crypto analyst Jesse Olson, Solana has shown strength in its recent price action. Olson notes that Solana successfully hit all four downside targets and exhibited bullish divergence, followed by hitting three upside targets.  The price appears to form a higher low, increasing the probability of reaching target four, projected at the $175 mark. Despite the bullish momentum, SOL faces crucial resistance walls at $157 and $172, which are expected to be significant obstacles toward higher price levels.  On the other hand, the $140 line has served as a key support level for Solana’s price over the past week. SOL’s bullish momentum remains uncertain as it strives to overcome these resistance levels and retest its yearly high of $209. Featured image from Shutterstock, chart from TradingView.com

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