Solana is trading at critical levels after several days of trying to break above the key $155-$160 resistance zone. Bulls are slowly building momentum as the broader crypto market shows signs of strength.
Technical indicators suggest a bullish outlook for Solana as it forms a textbook-perfect cup and handle pattern, indicating a potential major bullish breakout in the coming weeks.
Solana has shown strength amid shifting market dynamics and has emerged as one of the stronger performers among major altcoins, with analysts closely watching the $160 level for a decisive breakout.
The current price action remains tight below the key resistance level, and it is crucial for bulls to reclaim the $160 level to regain control and continue the recovery.