$SOL Solana News: Solana (SOL) rises above $167 as bullish reversal and DeFi activity drive momentum

Solana (SOL) is showing a strong comeback, currently trading at $167.89 after rising from a daily low of $164.64 to a high of $171.65. The price action reflects increasing demand for SOL amid strong DeFi activity, accumulation from institutions, and technical breakout patterns, despite short-term corrections in recent trading sessions.

Solana Maintains Bullish Structure Amid Volatility

After rising over 6% from a previous low of $159.69, Solana is now consolidating near $168 following a series of higher lows and higher highs that have broken through crucial resistance levels around $166.87. This pattern signals a bullish reversal, supported by increased trading volume and on-chain strength.

Technical Analysis Highlight Update:

Current Price: $167.89

Daily Range: $164.64 – $171.65

Resistance Level: $172.00

Support Level: $162.00