Solana trades at $148.44 after reclaiming a key level but remains below $150.84 resistance.
Daily price dropped 1.4%, while BTC pairing rose 0.7% to 0.001371 BTC.
Volume stays low, with critical support at $145.55 and a key resistance zone near $150.84.
Solana’s recent price action highlights a cautious market holding just above critical support. The asset is currently priced at $148.44, reflecting a 1.4% daily decline. This performance comes after Solana reclaimed an important technical level, yet momentum has yet to fully develop.
The 1-hour chart reveals that price recovered after breaking out but now consolidates below the immediate resistance of $150.84. At the same time, the market watches the $145.55 support level, which remains pivotal. Should this level break, downside pressure may intensify. For now, price activity reflects a pause, with traders closely monitoring volume, which remains subdued.
Volume Stays Quiet Despite Recent Price Breakout
Notably, current market volume remains low, despite the recent technical breakout. This suggests that participants are still cautious, waiting for stronger confirmation. During previous rallies, Solana saw higher volume spikes, but that has not occurred yet. Although the price has cleared the prior range, the lack of trading activity raises questions about short-term commitment.
Source: (X)
This low volume phase leaves the price vulnerable to fluctuations. If selling pressure emerges, a slip below $144 could trigger further selling. However, if demand increases above resistance, a strong upward move could materialize. The coming sessions will likely clarify whether buyers are willing to sustain the current price zone.
Technical Levels to Watch Remain Clearly Defined
Solana’s immediate resistance sits at $150.84, marking the next key level that could unlock further gains. On the downside, support at $145.55 defines the floor of the current structure. Price continues to trade between these two critical levels, offering a tight range to monitor.
The broader 24-hour range extends from $147.11 to $147.68, reflecting tight intra-day volatility. BTC pairing data shows Solana at 0.001371 BTC, representing a 0.7% gain against Bitcoin. This cross-market performance adds further context to the current price environment.
