Solana is currently testing a strong resistance level around $160. Previously, it attempted to break this level twice but failed to sustain.
This time, if Solana manages to break through $160, it will need to hold above it to confirm support. However, if it fails to sustain, the next key support levels to watch are: 1. $160 – A weak support level that may not hold for long. 2. $120 – A stronger, more significant support level if the price drops further.
The coming days will be crucial in determining whether Solana can establish support above $160 or retrace toward $120.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.