Solana Rallies Into Pivotal Zone – $180 Level Could Define Next Move
Summary
Solana's price has surpassed $175 for the first time in weeks, driven by a broader crypto market rally, including Bitcoin exceeding $100K and Ethereum surpassing $2,500. The asset has increased over 20% in the past week, indicating strong demand and bullish sentiment among traders. Technical analysis shows Solana approaching the daily 200 moving average (DMA) and a lower high around $180, a critical resistance level from previous attempts. A successful breakout above this zone could lead to new highs. However, risks remain, including potential rejection at $180, which could trigger a pullback to $160 support. Overall, the current trend suggests optimism, but macroeconomic uncertainties could impact market sentiment.
