Solana (SOL) Price: Pulls Back to $165 After Rally, Faces Technical Resistance 📉
Solana (SOL) is trading at $165.80, marking a decline of 2.33% over the past 24 hours. The cryptocurrency has tested the resistance level of $185 but faced technical obstacles.
Analysts point to a falling wedge pattern, with resistance noted in the $180-$190 range. Meanwhile, Anza's introduction of Alpenglow signifies a shift from Tower BFT to Votor and Rotor protocols.
This strategic movement reshapes consensus protocols on the Solana network. Furthermore, Galaxy Digital's partnership with Sol Strategies focuses on launching tokenized equities on this blockchain platform.
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