Solana (SOL) is making a strong push higher, gaining nearly 7% over the last 24 hours as the network sees a surge in user activity and capital inflows. The breakout past $159 has reignited bullish sentiment, with short-term traders now targeting $165 as the next key resistance.
The price movement comes amid record-high throughput and a sharp increase in daily active addresses, signaling deepening engagement with the Solana ecosystem even as broader markets remain jittery.
According to CoinDesk Research’s data model, SOL’s upward momentum accelerated after holding firm on intraday dips, with volume-backed buying at critical support zones.
The broader technical structure points to a healthy uptrend: higher lows, steady accumulation, and a strong reclaim of previous resistance now turned support.
Snapshot: Solana’s Bullish Structure
- Price Range: SOL moved from $153.66 to $159.92, covering a $10.57 swing.
- Breakout Level: Breached $155.55 with conviction, supported by rising volume.
- Resistance Zone: $160.20–$162.46 proving sticky, with a potential double top near $160.
- Support Zones: $151.89–$152.21 and $159.85 show repeated buyer defense.
- Key Fib Level: 61.8% retracement sits at $159.73, reinforcing support zone.
With bulls maintaining control above $159 and consolidation patterns forming just below $160, Solana could be on the verge of another leg higher — especially if buyers can clear the $162 resistance on renewed momentum.
