Solana (SOL) Price Climbs 6% Amid Bullish Trends and DeFi Activity
The cryptocurrency market reacts to economic factors, with Solana (SOL) showing resilience amid trade uncertainties. SOL's price trend has been upward, marked by higher lows and highs, breaking resistance levels on strong institutional volume despite a recent 1.35% correction.
Technical Analysis Highlights
- SOL rose from $159.69 to $173.03, an 8.35% increase.
- Key resistance at $166.87 was broken.
- Strong buyer interest observed between $167-$170.
- Support established at $160.34 after significant buying activity.
- Last four hours showed increased momentum with volume spikes indicating institutional accumulation.
- Brief decline from $172.19 to $169.87 occurred, a 1.35% drop.
- $170 acted as temporary support before failing.
- Decreasing volatility and volume in final 30 minutes may suggest selling pressure exhaustion.