Solana (SOL) is currently trading at $143.11, up 1.56% in the last 24 hours but down 14.45% over the past month, reflecting a cautious market sentiment.
Technically, the 50-period moving average on the 4-hour chart is turning upward, signaling short-term support. On the daily chart, SOL is near the 50-day moving average but remains below the 200-day, indicating a still-uncertain long-term trend. The price has been trading within a descending channel, with resistance at $145–$150 and support at $135–$138.
A breakout above $150 could push SOL toward $155–$160, driven by positive news or institutional interest. If it stays between $135 and $150, consolidation may continue. A drop below $135 could lead to further declines toward $130 or lower.
In conclusion, SOL is at a key level, and its next move will depend on market catalysts and trading volume. Show Less
