Solana's recent price action has caught the attention of analysts, with signs emerging that the digital asset may be gearing up for a larger move—if it can clear a looming hurdle.
According to a new analysis by MakroVision, Solana appears to have finally shaken off a persistent downtrend that stretched back for months.
The asset has been building momentum, forming a pattern of higher lows and gradually pressing against a critical resistance zone near $159.
Analysts suggest that this level will likely determine whether the current rally has staying power. A confirmed breakout could pave the way for a move toward the $170–$188 range, marking a meaningful shift in sentiment.
For now, traders are closely watching the $146 level, which has become a battleground for short-term support. Should this line fail, the next level to defend lies at $136—a zone that may be tested if bullish strength falters.
MakroVision’s report notes that while the recent breakout signals improving technical structure, Solana’s path upward hinges on overcoming this resistance wall in the sessions ahead.
Hedera Hashgraph (HBAR) is closely tracking its 2021 price behavior, according to crypto analyst Rekt Capital.
Stellar (XLM) is once again approaching a decisive technical moment after facing a familiar rejection at the $0.52 resistance zone.
The crypto market is showing signs of cautious optimism. While prices remain elevated, sentiment indicators and trading activity suggest investors are stepping back to reassess risks rather than diving in further.
A wave of bullish momentum is sweeping through smaller-cap altcoins, with ResearchCoin (RSC), Electroneum (ETN), and REI Network (REI) all recording substantial 24-hour gains.