Solana Regains Traction Above $157 as Dip Buyers Reassert Control
Solana (SOL) is back above $157 after a brief 6% pullback from local highs near $163.65, signaling strong demand at lower levels and renewed momentum among bulls.
After encountering resistance just below $164, SOL dropped sharply to $154.42 before bouncing quickly on high-volume bids. The rebound has stabilized above the $156.50 pivot zone, suggesting buyers are positioning for another move higher.
This price action comes amid a surge in ecosystem confidence. Canary Capital’s spot Solana ETF filing and WalletConnect’s token launch on the network have drawn fresh attention to Solana’s growing role in institutional and developer circles.
Technically, SOL is consolidating within a bullish range. Key short-term support sits at $154, with resistance near $157.70 and $160. A sustained break above those levels could bring $165–$168 into play.
The strong bounce from intraday lows, combined with growing on-chain activity and broader DeFi optimism, has traders watching Solana closely for signs of a breakout continuation.
