Solana

Notable

<ul>
 <li>Solana (SOL) faces resistance at $164 and shows only a 1% price increase.</li>  
 <li>SOL's recent price movement is flat, with strong support at $134.</li>  
 <li>A surge in buying volume is needed for SOL to break above $164 resistance.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/crypto-analyst-predicts-solana-price-surge-to-1000-highlights-reasons-why/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a> has been struggling to gain momentum lately and ends the trading week with only a modest 1% increase in price. The token has encountered significant resistance at the $164 mark. This has kept its price stuck within the current trading range and showing limited movement.</p>  
<h2 class="wp-block-heading" id="h-current-range-and-market-sentiment">Current Range and Market Sentiment</h2>  
<p>Solana's recent price movement has been <a href="https://cryptonewsland.com/solana-price-rollercoaster-bulls-vs-bears-battle-between-130-and-157/" target="_blank" rel="noopener noreferrer nofollow">pretty flat</a>. It’s struggled to push past the $164 resistance level and has mostly been moving sideways.</p>  
<p>This calm period is surprising, given how volatile Solana has been in the past. It’s unusual for SOL to stay so steady, especially after achieving impressive gains earlier this year.</p>  
<p>Support at $134 has proven to be quite resilient as buyers actively defend this level. Despite this strong support, SOL has struggled to overcome the resistance at $164.&nbsp;</p>  
<p>Notable increase in buying volume will be needed for <a href="https://solana.com/" target="_blank" rel="noopener noreferrer nofollow">SOL</a> to push through this barrier. An increase in buying activity could drive the price past the resistance point and potentially initiate a new uptrend.</p>  
<h2 class="wp-block-heading" id="h-looking-ahead">Looking Ahead</h2>  
<p>The next crucial factor for Solana will be its ability to break above the $164 resistance. Increased buy volume will help drive the price past this point and potentially initiate a new uptrend.&nbsp;</p>  
<p>Until then, SOL may continue trading within the current range as traders watch for any signs of a breakout. <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">Solana's recent performance</a> has been marked by a lack of significant gains and ongoing resistance at $164.</p>  
<p>While the support at $134 remains strong, overcoming the resistance will require a surge in buying activity. The coming weeks will be critical in determining whether Solana can regain its earlier momentum and break out of its current range.</p> 
<p>The post <a href="https://cryptonewsland.com/solana-sol-faces-resistance-limited-progress/" rel="noopener noreferrer nofollow">Solana (SOL) Struggles to Overcome Resistance: A Week of Limited Progress</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Solana (SOL) Struggles to Overcome Resistance: A Week of Limited Progress

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