Solana

Solana (SOL) is at a critical juncture, with its price action indicating the possibility of a significant reversal. The cryptocurrency has been consolidating within a defined range, showing potential for a breakout that could trigger a rally. As of press time, Solana’s price is <a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">$132.38</a>, with a 4.36% increase over the last 24 hours. Traders closely watch critical support and resistance levels to determine their next move.The most prominent support level for Solana is $122. This level has held firm, acting as a base from which<a href="https://cryptotale.org/solana-sol-to-reach-highs-in-wave-v-resistance-at-245/" rel="noopener noreferrer nofollow"> SOL</a> has bounced back multiple times. Failure to hold this level could push the price lower, potentially testing the next support level at around $85. However, the focus remains on whether Solana can maintain this support and push higher.On the resistance side, $163 is the immediate level traders are eyeing. Despite past attempts, Solana has struggled to break above this resistance. As per CRYPTOWZRD, an analyst, if the price manages to clear $163, it could open the door for a move towards $187, representing a 52.94% increase from the current price. Further up, $220 remains a distant target, achievable only with significant bullish momentum.Recent price trends show Solana moving sideways within the $122 to $163 range, following a breakout from the $122 level earlier in 2024. This sideways movement suggests a period of consolidation, often seen before a breakout.<a href="https://cryptotale.org/gate-io-exits-japan-amidst-stringent-fsa-compliance-measures/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Will Solana Break the $163 Barrier and Surge to $187?

CryptoTale

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