Solana Price Recovery Gains Momentum After Holding Above $137 Support

Solana is showing signs of a potential turnaround after maintaining support above $137. Key points include:

• Buyers are actively pushing the price higher, aiming for the $164 resistance level.
• A breakout above this level could lead to a rally toward the $211 resistance zone.
• The 100-day Simple Moving Average (SMA) is a critical barrier influencing the trend.
• The MACD indicator shows a possible bullish momentum shift, with increasing buying pressure.

However, risks remain:

• Failure to maintain bullish momentum may result in another pullback below $137.
• A decline in trading volume could indicate weakening market conditions, raising bearish risks.
• If the price drops below $118, it may confirm a deeper bearish trend but could also present a buying opportunity.