Solana (SOL) Surges 13% Weekly: Key Resistance Levels to Watch
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Solana’s SOL token demonstrated strong bullish momentum over the past seven days, posting a 13% gain against USD. This upward movement comes amid renewed institutional interest in high-performance blockchain platforms. Technical analysts are now monitoring critical Fibonacci retracement levels between $180-$200 as potential profit-taking zones. The rally coincides with increased network activity, including a 22% rise in daily active addresses and growing DeFi TVL. Market sentiment suggests SOL may test its previous all-time high (ATH) of $260 if current support at $150 holds. Traders should watch for potential volatility around the $175 psychological resistance level, where significant liquidity pools are forming.
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