Solana Approaches Key Resistance as Recovery Momentum Builds
According to MakroVisions latest update, Solana confirmed a powerful upward trend after forming a base near the $96 support level. The breakout of the red downtrend line provided the first major bullish signal, followed by a rapid V-shaped recovery with gains exceeding 50%.
The analyst firm emphasized that SOL is now closing in on a crucial resistance zone between $170 and $188, where key Fibonacci levels and historical resistance points converge. This zone is expected to act as the first significant test for the assets next directional move.
At the time of writing, Solana trades near $149, having previously dipped below $100 during its recent correction.
Next Steps: Resistance Test or Trend Continuation?
MakroVision stated it will continue to monitor Solanas performance closely to determine whether the price will face rejection at the target zone or establish a new bullish structure with higher highs and higher lows.
The outcome at the $170$188 resistance could define the next major trend for Solana as the broader crypto market eyes new highs.
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