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Solana (Sol) continues to face resistance at the level of $ 160, without claiming it despite multiple attempts in recent days. As the market impulse weakens and increase volatility, investors are growing cautious. Bitcoin and Ethereum, typically leading indicators, also show signs of exhaustion, unable to overcome their recent maximums. This has triggered concerns that a broader setback in the market can continue.
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Even so, not all analysts are becoming bassists. The prominent merchant Kaleo shared an upward technical perspective, which suggests that Solana remains one of the most promising alternatives if the cryptography market recovers strength. According to Kaleo, if the impulse returns and the market is heated in the coming months, Sol could meet sharply and label the level of $ 300, a movement that would almost double its current price. However, this scenario would probably require a broader participation and a appetite renewed by the risk among digital assets.
For now, Sol quotes in a narrow range, with its short -term perspective that depends on the behavior of Bitcoin and Ethereum. If the leading assets stabilize and the bulls go back, Solana could be prepared for a break. Otherwise, it cannot be ruled out below as uncertainty weighs on feeling.
Solana faces uncertainty but explosive eyes above the resistance of several years
Solana (Sol) is currently struggling to find a strong demand as market conditions cool after an intense rally earlier this year. While trade has slowed down and the bullish impulse seems to be missing, optimism persists among long -term investors. Many expect that once broader market forces, Sol could initiate a powerful movement in higher and potentially achieve new historical maximum supply areas.
This cautious optimism occurs in the midst of the growing global tensions. The continuous tariff conflict between the United States and China continues to harm the financial markets, and the stress signs in the US bond market. The alarms on systemic risks are increasing. If these macroeconomic pressures intensify, the Altcoins like Solana can face winds against renewed as investors revolve in safer assets.
However, despite the current uncertainty, Kaleo maintains a reach long -term perspective For sun. According to its analysis, once Solana reaches the level of $ 300, a key historical resistance could enter the price discovery. This would mark the end of a consolidation phase of several years and potentially unleashed a parabolic rally.
Such rupture would not only validate the strength of the foundations and the Solana ecosystem, but also indicate a broader confidence that returns to the alternative sector. Until then, patience and strategic positioning remain crucial.
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Key support support but the impulse is still weak
Solana (Sun) is quoted at $ 157.46 after slightly bouncing of recent minimums around $ 154, showing modest stability signs. The price is testing the EMA of 34 days about $ 162, which has acted as a dynamic resistance in recent sessions. Sol remains trapped below its 200 -day SMA at $ 178.88, suggesting that the broader trend remains under pressure. A claim of that level is crucial for bulls to recover confidence.
The volume remains relatively silenced, indicating a lack of a strong conviction on each side. If Sol manages to push over the range of $ 162– $ 165, he could open the door for a reestima of the $ 180 resistance zone. However, the lack of interruption above 34 days can soon lead to another leg down to the 100 -day SMA support of 100 days about $ 144.
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The graph shows that lower maximums since mid -May, adding pressure to the upward structure. However, the fact that Sol continues to remain above the $ 150 zone shows that buyers still defend the key demand.
A decisive break and closure above $ 165 in a strong volume could confirm a short -term investment. Until then, Sol remains tied to the range with a neutral bias to the load unless the impulse accelerates upwards.
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