$SOL Bulls Struggling at Resistance, Will Support Hold?
Solana is trading around $161.77, showing signs of rejection just below the $163 resistance zone. After bouncing from key support at $161, the price is attempting to reclaim momentum, but volume remains subdued. A decisive move is on the horizon.
Key Levels to Watch
Resistance: $163 – A breakout above this level could drive price toward $165 and $167
Support: $161 – A breakdown could trigger a slide toward $159.50 and $157.80
Trade Setup
Bullish Entry: 15m candle close above $163
• Target 1: $165
• Target 2: $167
Bearish Entry: Break below $161 with strong volume
• Target 1: $159.50
• Target 2: $157.80
SOL is sitting at a pivotal zone—watch for either a breakout continuation or a failed rally back to lower supports.
