Solana leads the rebound in cryptography while the bulls lead the token around $ 160, supported by the rise in user activity and the increase in chain engagement. Despite a broader agitation of the market, Sol has joined almost 7% over 24 hours, helped by the record transaction flow and a peak in daily active addresses.
The rally won vapor after Sol has bounced from a noon drop, with a visible accumulation on keys declines, according to the Technical Analysis Data Model of Coindesk Research.
The technical structure remains constructive, supported by a healthy volume and higher stockings. Analysts say that the break remains valid as long as prices keep recent support, $ 165 emerging as the next target increased if the momentum persists.
Strengths of technical analysis
- Sol went from $ 153.66 to $ 159.92 over 24 hours, marking a gain of 6.9% and a range of $ 10.57.
- Key escape greater than $ 155.55 confirmed by an increase in volume, triggering high rise in the rise in the increase formed at $ 162.46 after two stranded retains, with a double top model of $ 160.20.
- Support held at $ 151.89 at $ 152.21, validated by high volume accumulation during 13: 00 to 14: 00 hours.
- $ 159.85 now acting as short -term support; Buyers defended this level during the last session.
- 61.8% Fibonacci catch -up at $ 159.73 reinforced as an intradial floor.
- Consolidation just below $ 160 potential continuation signals if the bulls recover $ 162
