$SOL Solana is currently trading in a tight range between $160 and $168, frustrating both bulls and bears. Here's a quick look at why SOL is stuck:
๐ธ Low Volume: Trading volume has decreased, leading to sideways movement without strong breakout momentum.
๐ธ Market Uncertainty: Overall crypto market indecision is affecting $SOL ability to move significantly in either direction.
๐ธ Resistance at $168: The $168 mark is acting as a strong resistance where sellers step in quickly.
๐ธ Support at $160: Buyers are defending $160, keeping $SOL from falling lower โ creating a range-bound zone.
๐ธ No Major News: Lack of big announcements or updates from Solanaโs ecosystem is keeping investor excitement limited.
Until one of these factors changes, Solana may continue to trade sideways in this narrow band.
