#squarecreator - Solana at a Turning Point: Bullish Recovery or Imminent Correction?

Solana has remained strong above the $147.53 level, maintaining a bullish structure despite the recent market volatility. However, the bulls have not decisively overcome the $155 resistance zone, a key level that could open the door to a broader rally. While the current price action favors buyers, the fact that this level has not been surpassed suggests that a correction could be on the table if momentum continues to fade.

The renowned analyst Jelle shared his perspectives on X, noting that Solana's monthly candle "doesn't look so bad." According to Jelle, SOL surpassed all consolidation lows and still managed to close the candle above those levels, a positive technical signal suggesting resistance and a potential continuation.

Still, traders remain cautious, and many are watching the $155 to $160 area as the next major hurdle. A confirmed breakout above that zone could indicate a move towards previous highs, while continued rejections could trigger a healthy correction towards lower demand levels. With global markets still grappling with macroeconomic uncertainty, the upcoming sessions will be crucial for SOL. Bulls must act quickly to defend current levels and regain ground if they want to maintain the trend in their favor.

Solana at a crucial level amid market uncertainty

Solana is currently trading at a critical level that could serve as an important pivot point for a strong bullish recovery or a continuation of the broader bearish trend. While global tensions and ongoing trade conflicts between the United States and China persist.