Solana Goes Level To LevelSolana's daily chart shows a strong bounce from key support around $125, leading to a sharp rally that topped out near $180, right at a critical resistance level. This area also aligns with previous price structure and the 200-day moving average (red line), reinforcing its importance.
The rejection at $180 indicates that sellers stepped in at a well-defined level, preventing further upside for now. To confirm a breakout, SOL needs to flip this resistance into support. Otherwise, failure to reclaim this level could lead to another pullback, potentially toward the mid-range of the recent move.
Volume on the recovery was notable, showing strong buyer interest, but follow-through will be crucial. Bulls will want to see consolidation and another push higher rather than a swift rejection back toward lower levels.
