Solana led the crypto rebound as the Bulls urge the token to $ 160, which was strengthened by seizing user activity and increasing chain interaction. Despite the broader market jitters, Sol rallied almost 7% within 24 hours, assisted by the transaction record by ththroughput and a spike in the sun -active address.
The rally gained steam after Sol bounced from a mid-day sinking, with accumulation seen in the major pullbacks, according to the technical review model of CoinDesk Research’s technical research.
The technical structure remains constructive, supported by healthy volume and higher lows. Analysts say the breakout remains valid as long as the prices hold above the recent support, with a $ 165 emerging as the next target upside down if the momentum continues.
Technical assessments
- Sol advanced from $ 153.66 to $ 159.92 within 24 hours, marking a 6.9% gain and a range of $ 10.57.
- The main breakout above $ 155.55 confirmed by increasing volume, starting a strongly reversed moment resistance for $ 162.46 after two failed retests, with a double pattern near $ 160.20.
- Support held at $ 151.89– $ 152.21, which was proven by high volume accumulation during 13: 00–14: 00 hours.
- $ 159.85 acting as short -term support; Consumers defend this level in the final session.
- 61.8% Fibonacci Retracement at $ 159.73 fortified as intraday floor.
- Integration only below $ 160 signals Potential Continuity If Bulls Reclaim $ 162
