Solana (SOL) recently reached a high near 156.35 USD—touching a critical resistance zone around 155 — before pulling back into the 148 range, with intraday lows down to around 147.5 USD .
🔍 What’s going on?
1. Resistance at ~155 USD
Technical charts show SOL has repeatedly struggled to decisively break above ~155 USD, which acts as a cap on upside momentum . When it approached this level, profit-taking kicked in and pushed the price lower.
2. Intraday Pullback
After failing to break resistance, SOL dropped to the ~147.5 USD intraday low—consistent with volatility around these key levels .
3. Likely scenarios ahead:
Bounce range: SOL might find temporary support in the mid-140s (145–148 USD), possibly rebounding if overall crypto sentiment improves.
Fresh breakout attempt: If buyers return, a push above 155 USD is needed. Sustaining above that could trigger a move toward ~160 USD and beyond.
Further decline risk: A breakdown below ~145 USD would raise risks of a deeper pullback into the 140s zone.
📝 Summary
SOL hit the expected resistance near 155 USD and reacted by retreating to 147.5–148 USD.
Watch for a breakout (above 155 USD) or breakdown (below 145 USD) to signal the next medium-term move.
Keep an eye on crypto market trends and broader sentiment for confirmation.
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