Solana (SOL) has broken out of a Channel Down pattern, signaling a potential short-term bullish reversal.
Despite the breakout, SOL's overall trend remains bearish for all major time frames, making this a risky trading setup.
SOL is currently priced at $147.93 with key technical levels at $140 and $125 support, and $160 and $167 resistance, aiming for a longer-term obstacle at $180.
Solana is currently trading at $147.93 with a trading volume of $2.73 billion, down by 25.34% over 24 hours. The market capitalization stands at $79.14 billion.