The cryptocurrency market continues to respond to broader economic factors, since Solana demonstrates resilience amid global commercial uncertainties. The action of the Sun price formed a clear higher trend with higher and higher minimums, breaking the key levels of resistance with an institutional degree volume that suggests accumulation despite a brief correction of 1.35% in the last hours. Meanwhile, analysts indicate the level of $ 166.82 as a short -term crucial pivot, with potential for significant ascending movement if Sol can maintain a superior impulse to the resistance of $ 177.
TECHNICAL ANALYSIS
- Sol rose from a minimum of $ 159.69 to a maximum of $ 173.03, which represents a significant range of $ 13.34 (8.35%).
- The price action formed a clear higher trend with higher and higher minimums, breaking the key resistance at $ 166.87.
- A volume was observed above the average around the $ 167- $ 170 zone, indicating a strong interest of the buyer.
- Notable support established at $ 160.34, where buyers intervened with conviction during the first hours.
- The last four hours showed an accelerated impulse with volume peaks greater than the average of 24 hours, which suggests institutional accumulation.
- There was a brief downward correction in the last 60 minutes, falling from $ 172.19 to $ 169.87 (1.35% decrease).
- The psychological level of $ 170.00 acted briefly as support before failing.
- The last 30 minutes showed a decrease in volatility and volume, which may indicate the exhaustion of sales pressure.
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