Solana (SOL) — Consolidating Before a Breakout
$SOL is currently testing the $163 resistance zone, forming a rising triangle pattern on the 1-month chart — a setup that often precedes a strong bullish impulse.
Base: $160.0
Resistance: $163.0–$165.0
Support: $160.0 → $158.0
Volume trend: Gradually decreasing — a typical sign of tightening before a breakout.
At the moment, price is pressing against horizontal resistance at $163, with the ascending trendline below creating buying pressure.
If $SOL secures a close above this level, an impulsive move toward $165–$167 is likely.
Conversely, a breakdown below $160 could trigger a short-term pullback toward $158–$156.
📊 Key takeaway:
$163 is the pivot zone — a breakout above it could mark the start of Solana’s next upward leg.
