The cryptocurrency market continues to respond to broader economic factors because Solana demonstrates resilience in the midst of world trade uncertainties. The action of soil prices has formed a clear rise trend with higher hollows and higher highs, breaking key resistance levels with an institutional quality volume suggesting an accumulation despite a brief correction of 1.35% in recent hours. Meanwhile, analysts highlight the level of $ 166.82 as a short -term crucial pivot, with a significant moving potential if soil can maintain momentum over $ 177.
Strengths of technical analysis
- Sol went from a minimum of $ 159.69 to a summit of $ 173.03, representing a significant range of $ 13.34 (8.35%).
- Price action has formed a clear trend with higher hollows and higher highs, breaking the resistance of the keys to $ 166.87.
- A volume greater than the average was observed around the $ 167 zone at $ 170, indicating a strong interest from buyers.
- Notable support established at $ 160.34, where buyers intervened with conviction during the first hours.
- The last four hours have shown an accelerated momentum with volume tips exceeding the average of 24 hours, suggesting an institutional accumulation.
- A brief downward correction occurred in the last 60 minutes, from $ 172.19 to $ 169.87 (down 1.35%).
- The psychological level of $ 170.00 briefly acted as support before failing.
- The last 30 minutes have shown a decrease in volatility and volume, potentially indicating the exhaustion of the sales pressure.
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