“Solana (SOL) Climbs Back From Steep Losses As Renewed Demand Lifts Price Above $ 151, Even As Global Market Tensions Continue to Stir Investor Caution.”, – WRITE: www.coindesk.com
The Bounnce Off $ 147 ConfirMed A Bullish Double Bottom Pattern, Supported By Rising Volume and A Return to a Short-Term Bullish Channel on the 6-Hur Chart. Solana Now Faces Overhead Resistance Near $ 152.85, WHERE SELLERS PREVIUSLY STEPPED IN, But A MOVE ABOVE THAT LEVEL COULD OPEN OPEN The DOOR TOWARD The $ 155– $ 157 Zone.
While Solana’s Network FundamentaLes Remain Strong, The Broader Macro Environment Continues to Inject Valativity Into Crypto Markets Weighting on Investor Confidentnce.
Technical Analysis Highlights
- Sol Rallied from $ 147.13 to $ 152.94, Gaining 3.95% Intrady.
- Double Bottom Formed Near $ 147.50, Signaling a Potential Trend Reversal.
- Resistance is Developing AT $ 152.50– $ 153.00, Capping Upward Momentum.
- Bullish Channel Seen on 6-Hur Chart, With Volume Rising on Green Candles.
- Coin Days Destroyed Spiked to 3.55 Billion, Its Third-Highest Reading in 2025.
- Price Droped Slightly in the Last Hour from $ 152.51 to $ 151.77 (0.48%).
- Hourly Chart Shows Bearish Engulfing Pattern; $ 150.85 is Near-Term Support.
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