Solana (SOL) is showing promising signs of a potential reversal as it consolidates just below key resistance levels, hinting at a strong rebound in the near future.
Analysts are optimistic about Solana's medium-term outlook, with a focus on reclaiming the $180 resistance level to trigger a sharp breakout and potentially lead the next altcoin rally.
Despite facing pressure below $160 and struggling to break the $180 resistance, Solana remains supported by a critical zone between $150 and $156, with the 100-day SMA acting as a crucial level for maintaining a neutral-to-bullish trend.
As market attention shifts towards altcoins and potential altseason momentum, Solana is poised to capture the spotlight if it can reclaim the $160–$165 range and confirm a breakout above $180.