Derived from Cryptofrontnews, Solana ($SOL) is currently trading within a $134–$138 range, with key support levels holding steady. Technical analysis suggests a potential upward continuation if the price breaks above $145, targeting the $150 Fibonacci cluster. Overhead resistance between $144 and $148 remains a critical barrier. The price structure of $SOL mirrors Ethereum ($ETH) before its recent breakout, with accumulation and tightening ranges signaling possible strong momentum. On-chain activity shows over 21,000 new coins deployed on Solana in the last 24 hours, with total trading volume across multiple chains exceeding $5.4 billion.
Solana $SOL Eyes Breakout Above $145 as Key Support Holds Steady
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Summary
Solana ($SOL) shows signs of a potential breakout as it holds key support near $134–$138. A move above $145 could target the $150 Fibonacci cluster. Resistance remains firm between $144 and $148. On-chain data reveals over 21,000 new Solana deployments in 24 hours, with cross-chain volume hitting $5.4 billion. The price pattern mirrors Ethereum’s pre-breakout phase, with tightening ranges and strong support & resistance levels in place.
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