Solana (SOL) Nears Crucial Breakout Amid Market Consolidation

Solana (SOL) Nears Crucial Breakout Amid Market Consolidation
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Solana (SOL) is consolidating between key support and resistance levels as analysts debate its next major move. A breakout above $160 could pave the way for a retest of $200, while losing critical support may trigger further downside. The recent launch of a Solana staked ETF has injected fresh momentum into the altcoin.

  • Solana's critical support levels are $147.59 and $141—losing these could trigger a deeper pullback.
  • A breakout above $152-$153 may lead to a 10.87% rally toward $167, with $160 as the next key resistance.
  • The launch of a Solana staked ETF in the US has provided bullish momentum, but SOL's trend remains tied to Bitcoin's movement.
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