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Solana (SOL) has remained under the radar in recent weeks, with market attention mainly focused on Bitcoin and Ethereum. While the broader crypto market consumes recent volatility, Sol has quietly consolidated just below the most important resistance. However, this silence may not take much longer. Top analysts are starting to return their focus to Solana, which suggests that a powerful move could brew.
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According to analyst Bluntz, the recent price action in SOL shows promising drawing. He notes that Solana is now working on a recovery of support after sweeping the lows – a classic soil pattern that often precedes a strong rebound. Although it is still early, this reaction could lay the foundation for a sharp rally as Sol manage to break back over the range of $ 160 – $ 165.
Sentiment reflects a broader belief among market guards that Solana could become an important leader in the next stage of the Altealth season, especially when Ethereum breaks out of his current resistance. As the bullish structure builds and technical indicators begin to coordinate, the set -up for SOL seems to reinforce, making it an important altcoin to watch in the coming weeks.
Solana setup for Breakout remains strong
Solana (SOL) has been a consolidation path in recent weeks and is struggling to reclaim the resistance level of $ 180. After peaking at the beginning of May, Sol has been withdrawn steadily and is now being exchanged around the range of $ 150 while it is looking for renewed question. This retracement corresponds to a broader market bullet, because global tensions – especially around the US – injecting China rates and rising interest rates – volatility and caution in financial markets.
Despite the current delay, analysts remain optimistic about the outlook of Solana in the medium term. Top Trader Bluntz Recently shared The reaction of that sol after taking the lows is promising. According to him, the Altcoin is now working on a recovery of support, which could be the precursor of an aggressive rally. The key lies in the question of whether Solana can push back above $ 180 zone – an area of heavy supply that has repeatedly rejected Bullish Momentum.
If SOL converts this level into support, the price structure suggests that there is enough space for a sharp outbreak. The set -up corresponds to rising calls for an altiation season, especially if Bitcoin Dominance continues to roll over and Ethereum confirms an outbreak over his resistance of several months.
In this scenario, Solana could arise as one of the leading assets in the next crypto bone up, given its strong developer ecosystem, scalability and growing Defi sector. Although the current price promotion remains neutral until somewhat Bearish, a recovery of $ 180 would probably quickly turn sentiment and attract new capital. As the market focus shifts from large caps such as BTC and ETH, SOL can be ready to catch the spotlights – and possibly lead the next Altcoin rally.
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SOL tests important support as price promotion stalls under $ 160
Solana (SOL) currently acts at $ 154.47 after losing the $ 160 support, confronted with constant pressure after the rejection of the $ 180 resistance level earlier in May. The graph shows that Sol is now floating just under the 34-day EMA and the 50-day SMA, which indicates a breakdown in the Bullish Momentum in the short term. The volume has also decreased, which signals the hesitation of both buyers and sellers in the midst of broader market uncertainty.
The 200-day advancing average for $ 179.73 remains the most important level of resistance to reclaim back to resume a bullish structure. In the meantime, the zone between $ 150 and $ 156 now acts as a critical demand. A persistent near $ 150 could open the door for deeper corrections, possibly in the direction of the range of $ 140- $ 130, which was in accordance with previous consolidation levels in April.
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Despite the current weakness, the trend remains neutral in the longer term to Bullish as long as Solana contains above the 100-day SMA around $ 144.58. If SOL can consolidate and regain the $ 160 – $ 165 region, this could be renewed for the top momentum and again challenge the level of $ 180. Analysts remain carefully optimistic, with some expecting a rebound if the market conditions stabilize and the momentum in the altiation season will take up in the coming weeks.
Featured image of Dall-E, graph of TradingView