$SOL on the Edge – Will Bulls Defend or Bears Take Over?
Solana (SOL) is currently trading around $157.41, showing intraday strength with a +2.59% gain, but hovering near short-term resistance levels. A decisive move from here could shape the next big play for traders.
Key Price Levels to Watch:
• Resistance Zone: $158.00 – $158.50
A breakout above this zone could trigger bullish continuation toward $159.34 and higher.
• Support Zone: $157.00 – $156.50
A drop below this area may lead to deeper correction toward $155.20 and $153.80.
Trade Setup – Momentum Building, Watch for Confirmation!
Bullish Entry:
A confirmed 15m candle close above $158.50 could signal momentum shift with upside targets:
• Target 1: $159.34 (24h High)
• Target 2: $160.60 (next supply level)
Bearish Entry:
A breakdown below $157.00 with volume could invite sellers into play, eyeing:
• Target 1: $155.20
• Target 2: $153.80
Volume Insight: SMA volume at 2.596K shows active interest, but a spike is needed to confirm breakout or breakdown.
Decision Zone: SOL is right at a crucial pivot – patience and confirmation are key.
