Solana ($SOL ) - the current price is in the range of $165.50 - $169.50 USD.
Over the last 24 hours, $SOL has shown a decrease of approximately -0.5% - -1.5%. The 24-hour trading volume remains significant, indicating sustained interest.
The short-term trend remains bullish, although the momentum seems to be slightly weakening after the recent rise.
Support and resistance:
Support: The nearest support is likely in the range of $163 - $165. Stronger support is noted around $152 - $155.
Resistance: The nearest resistance is in the range of $170 - $175. A breakout above this level could pave the way for further growth.
Near-term forecasts and prospects:
Considering the sustained bullish trend and RSI not being in a strong overbought zone, a short-term consolidation is possible with potential for further slight growth, provided support levels are maintained.
In the coming hours, $SOL may attempt to test resistance levels in the range of $170 - 175.
Maintaining the price above support levels of $163 - 165 is crucial for sustaining bullish momentum.