Solana leads Krypto-Bound when Bulls runs the token towards $ 160, bent by increasing user activity and rising commitment to the chain. Despite wider market junks, SOL has collected almost 7% over 24 hours, helped by record transaction flow and an increase in daily active addresses.
Rally got steam after sun jumped from a mid-day doll, with accumulation visible on key extraction, according to Coindesk Research’s technical analysis data model.
Technical structure remains constructive, supported by healthy volume and higher low. Analysts say the outbreak remains valid as long as prices last over the recent support, with $ 165 emerging as the next upward target whose momentum persists.
Technical analysis highlights
- Sun rose from $ 153.66 to $ 159.92 over 24 hours, marking a 6.9% gain and a $ 10.57 series.
- Key Breakout over $ 155.55 confirmed by Rising Volume, where he initiated a strong upside Momentumen resistance formed at $ 162.46 after two failed gene tests, with a double-top pattern near $ 160.20.
- Support held at $ 151.89- $ 152.21, validated by high volume accumulation over 13: 00-14: 00 hour.
- $ 159.85 now acts as short -term support; Buyers defended this level during the last session.
- 61.8% Fibonacci Retracement for $ 159.73 reinforced as an intraday floor.
- Consolidation just under $ 160 Signals Continuing Potential If Bulls Receive $ 162
