NewsBTC

26 May 2025

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Solana Tests Key $181 Resistance Amid Bullish Market Sentiment

Solana (SOL) is trading at $177.30, consolidating below a critical resistance level around $181, which aligns with the 200-day SMA. Key points include:

• SOL has rallied 80% since April lows and is testing a key horizontal resistance zone.
• A successful breakout above $190 could signal a bullish expansion toward new local highs.
• Recent consolidation indicates market strength despite broader macro uncertainty.
• The 34 EMA ($162.95), along with the 50 and 100 SMAs, supports an overall bullish structure.
• Volume has decreased during consolidation, typical before a breakout.
• Holding above $170 is crucial for maintaining bullish sentiment; a break above $181 could confirm an uptrend.

If Bitcoin stabilizes or rallies, Solana may lead the altcoin market in breaking higher.