Solana at a Crossroads: Will $157 Support Hold or Break?

Solana (SOL) is showing signs of cooling off after a short-lived rally, with key indicators on the daily chart flashing caution. Price action has stalled near the $160 resistance level, while the 9-day EMA begins to flatten and hover just below the 20-day EMA — a typical sign of fading bullish momentum.

The MACD remains in negative territory, though the histogram suggests that bearish pressure may be easing. Meanwhile, the RSI has dropped toward the mid-30s, indicating that the asset is nearing oversold conditions but has not yet found a clear reversal signal.

Support levels around $157.95 and $146.31 will be critical to watch. A break below these zones could trigger further downside, while a confirmed bounce could open the door for renewed upward movement. Traders are closely watching for confirmation before taking long or short positions.

As the market remains fragile, this technical setup calls for cautious navigation and a focus on risk-managed strategies. $SOL #Solana #SOL #CryptoAnalysis #TechnicalIndicators #TradingSignals

Read the full analysis: www.ecoinimist.com/2025/06/10/solana-at-crossroads-157-hold-or-not