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Solana has been under the radar in recent weeks, with the market attention primarily on Bitcoin and Ethereum. While the broader encryption market dances the last fluctuations, Sol has been combined quietly less than the main resistance. This silence, however, may not last longer. Senior analysts began to re -focus them to Solana, indicating that the strong step may be fermentation.
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According to the analyst, Blongz, the latest procedure in Sol shows promising signs. It is noted that after sweeping its lowest levels, Solana is now restoring support – a classic bottom pattern that often precedes a strong recovery. Although it is still in the early days, this reaction can lay the foundation for a sharp gathering if Sol can return to between 160 and 165 dollars.
Feelings repeat a broader belief among market monitors that Solana can become a major pioneer at the next station of Altseass, especially if Ethereum separates from his current resistance. With the start of the bullish structure and the technical indicators begin to align the alignment, the preparation for Sol appears to be quietly enhanced, making it a key to watching in the coming weeks.
Solana for Breakout preparation is still strong
Solana has been on a monotheistic path in the past few weeks, as it is struggling to restore the resistance level of $ 180. After the peak in early May, Sol has been steadily regained, and now traded around the range of $ 150 as it is looking for renewable demand. This decline is in line with a wider decrease in the market, as global tensions – especially the definitions surrounding the United States – and high interest rates – pump fluctuations and caution in financial markets.
Despite the current slowdown, analysts remain optimistic about Solana’s average expectations. Top Trader Bluntz I participated recently Sol’s reaction after taking its lowest levels. According to him, Altcoin is now restoring support, which can be the eliminations of an aggressive crowd. The key lies in whether Solana can back down from a $ 180 region – a region of heavy supply that repeatedly rejected the upscale momentum.
If Sol managed to turn this level to support, the price structure indicates a wide space for a sharp team. The preparation is well compatible with the increasing invitations to Altseass, especially if Bitcoin continues to dominate the Bitcoin and ETHEREUM confirms the outbreak of its multiple resistance.
In this scenario, Solana can appear as one of the leading origins in the next encrypted leg, given his strong developed ecosystem, expansion, and the growing Defi sector. Although the current price procedure is still neutral to a little drop, it is possible that the restoration of $ 180 will quickly turn feelings and attract fresh capital. With the market concentration from the main CAPS such as BTC and ETH, Sol can be ready to capture the lights – and the following altcoin rally may lead.
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Sol tests the main support and is similar in price to less than $ 160
Solana (SOL) is currently trading at $ 154.47 after losing support of $ 160, and facing continuous pressure after rejecting the resistance level of $ 180 earlier in May. The graph shows that Sol is now slightly lower than EMA for 34 days and SMA for 50 days, indicating a collapse in the short -term bullish momentum. The size also decreased, indicating the frequency of both buyers and sellers amid the broader uncertainty in the market.
The moving average for 200 days at $ 179.73 is still the main resistance level to restore to resume an upper structure. Meanwhile, the area ranging from $ 150 and $ 156 is now working as a decisive demand area. It can open nearly 150 dollars in the door in search of deeper corrections, and perhaps towards a scale between 140 and 130 dollars, which corresponds to previous unification levels in April.
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Despite the current weakness, the long -term trend remains neutral besides as long as Solana exceeds SMA for 100 days about 144.58 dollars. If Sol is able to unite and restore the area between 160 and 165 dollars, this may lead to the regenerative momentum in the upward direction and challenges the level of $ 180 again. Analysts remain optimistic with caution, as some expect a recovery if the conditions of the market stabilize and the momentum stabilizes in the coming weeks.
Distinctive image from Dall-E, the tradingView graph