Solana Holds Above $145 Amid Resistance at $160

Solana Faces Critical Resistance Amid Market Volatility

Solana is currently trading at $147, maintaining a bullish structure above $145 despite market fluctuations. Key points include:

Resistance at $155–$160 remains unbroken, limiting upward momentum.
Analyst Jelle notes Solana's monthly candle shows resilience, closing above previous lows.
Since early April, Solana has risen over 58% from a low near $95.
A break above $160 could lead to a rally towards historical highs.
Failure to clear $160 may result in selling pressure and a potential pullback to $130–$120.

The upcoming sessions are crucial for Solana to maintain its bullish trend or risk entering a correction phase.