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Solana (Sol) has remained under the radar in recent weeks, with the attention of the market focused mainly on Bitcoin and Ethereum. While the broader encryption digests recent volatility, Sol has quietly consolidated just below the key resistance. This silence, however, may not last much longer. The best analysts are starting to bring their attention back to Solana, suggesting that a powerful move could be prepared.
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According to Analyst Bluntz, the recent action of prices in sol shows promising signs. Note that after sweeping the minimum, Solana is now working on a support recovery, a classic basic motif that often precedes a strong rebound. Although they are still the first days, this reaction could lay the foundations for an abrupt rally if Sol manages to break above the range of $ 160- $ 165.
The feeling echoes to a wider conviction among the observers of the market that Solana could become an important leader in the next stage of the Aldseason, especially if Ethereum bursts from his current resistance. As the upright structure and the technical indicators begin to align, the configuration for Sol seems to strengthen itself silently, making it an altcoin key to be looked at in the coming weeks.
Solana’s installation for the breakout remains strong
Solana (Sol) has been on a consolidation path in recent weeks, fighting to claim the level of resistance of $ 180. After reaching the peak in early May, Sol has constantly retraced, now exchanging around the $ 150 range while looking for a renewed question. This retracement aligns with a wider market pullback, since global tensions – in particular American rates -cinese and increased interest rates – inject volatility and caution into financial markets.
Despite the current slowdown, analysts remain optimistic about Solana’s medium -term perspectives. Top Trader Bluntz recently shared that Sol’s reaction after taking the minimum is promising. According to him, Altcoin is now working on a support recovery, which could be the precursor of an aggressive event. The key lies in the se Solana can reject the $ 180 area, a heavy supply area that has repeatedly rejected the upper moment.
If Sol manages to turn this level upside down, the price structure suggests that there is ample space for a strong breakout. The installation aligns well with the growing demands of a season at Alfa, in particular if the Bitcoin domain continues to roll and Ethereum confirms a breakout above its resistance to several months.
In this scenario, Solana could emerge as one of the main resources in the next crypto -gambe, given her strong ecosystem for developers, scalability and growth in growth sector. While the current action of prices remains neutral to slightly bearish, a reclamation of $ 180 will probably launch the feeling quickly and attract fresh capital. While the market focus moves from main limits such as BTC and Eth, Sol could be ready to capture the spotlight and potentially guide the next Altcoin rally.
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Sol Tests Key support such as Action Better Price Success $ 160
Solana (Sol) is currently exchanged at $ 154.47 after losing the support of $ 160, facing continuous pressure following his refusal from the level of resistance of $ 180 in early May. The graphic designer shows that Sol is now in the balance just below 34 days and the 50 -day SMA, indicating a breakage of the short -term bullish moment. The volume has also decreased, reporting the hesitation of buyers and sellers in the midst of a wider uncertainty of the market.
The 200 -day mobile average at $ 179.73 remains the main level of resistance to recover to resume a bullish structure. Meanwhile, the area between $ 150 and $ 156 is now acting as a critical demand area. A closure supported below $ 150 could open the door to deeper corrections, possibly towards the $ 140- $ 130 interval, which aligns with previous consolidation levels in April.
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Despite the current weakness, the long -term tendency remains from neutral to bullish as long as Solana is held above the 100 -day SMA around $ 144.58. If Sol can consolidate and recover the $ 160- $ 165 region, it could trigger a renewed rise to the rise and once again challenge the level of $ 180. Analysts remain cautiously optimistic, with some who expect a rebound if the market conditions are stabilized and the momentum at the Alfi resumes in the coming weeks.
First floor image from Dall-E, TradingView chart