Solana (SOL) Holds Ground in Tight Range — Traders Watch for Directional Cue 📈
Solana (SOL) commenced a fresh upward movement starting from the $160 marker, with the price now stabilizing above $168. SOL is trading above its 100-hourly simple moving average with a bullish sentiment.
The pair showed resilience, breaching a connecting bearish trend and now challenges resistance at $172. Further escalation could see new levels above $180.
If unable to surpass $172, potential declines might ensue, targeting supports around $165. Technical indicators highlight SOL's bullish momentum. Immediate resistance levels are pegged at $172 and $176, while supports hover around $165 and $162.
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