Solana's recent price action suggests a consolidation at a significant resistance level. The Relative Strength Index (RSI) has retreated from overbought conditions, indicating a potential easing of buying pressure. While currently holding resistance, a good hold near current zones could lead to a test of lower support levels, with the first notable support zone around a 26% decline from the resistance. However, if the resistance gives way to a bullish push, we could see an attempt to reach higher liquidity zones.
As SOL oscillates at this crucial level, we maintain vigilance for a clear directional move.