SOLANA WEEKLY UPDATE

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Solana has formed another higher low at $135, signaling strong upward momentum.

It has recently broken through the $153 resistance zone. However, the key resistance level to watch is $159; a daily candle close above this level would be crucial, as it would open up targets of $167 and $189. It’s important to keep an eye on the $153 level to see how it behaves—will it break or will we pull back to collect liquidity? Consistently forming higher lows each week is a positive sign for an uptrend. Notably, Solana tends to respect the 0.786 Fibonacci level, a key zone that traders should pay attention to.

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