Solana leads the cryptography rebound as the bulls conduct the token to $ 160, driven by the growing activity of the users and the increase in participation in the chain. Despite the wider market, Sol has recovered almost 7% for 24 hours, helped by record transaction yield and an increase in daily active addresses.
The rally won steam after Sol jumped out of a half -day fall, with visible accumulation in key setbacks, according to the technical analysis model of Coindesk Research.
The technical structure remains constructive, backed by a healthier and higher minimum volume. Analysts say that the rupture remains valid provided that prices are maintained above recent support, with $ 165 emerging as the next object objective if the impulse persists.
TECHNICAL ANALYSIS
- Sol increased from $ 153.66 to $ 159.92 for 24 hours, marking a gain of 6.9% and a range of $ 10.57.
- Key Breakout above $ 155.55 confirmed by the ascending volume, starting a strong upward rising resistance formed at $ 162.46 after two failed reestimations, with a double top pattern about $ 160.20.
- Support held at $ 151.89– $ 152.21, validated by high volume accumulation during 13: 00–14: 00 hours.
- $ 159.85 now acting as a short -term support; The buyers defended this level during the final session.
- 61.8% fibonacci setback to $ 159.73 reinforced as an intra -flat floor.
- The consolidation just below $ 160 indicates continuation potential if the Bulls claim $ 162
