What is the Latest Status on (SOL) on Solana? The Analysis Company has Announced the Critical Price that Must Be Surpassed!

Crypto analysis company MakroVision stated in its latest technical analysis shared for Solana (SOL) that the asset is at an important resistance point.

The company stated that Solana has managed to break its long-standing downtrend, but certain levels need to be surpassed for the sustainability of the uptrend.

The following expressions were included in the MacroVision analysis:

“Solana entered a period of consolidation after making a strong breakout above the red downtrend line. Currently, the price is trading just below the critical resistance area located around the 159 dollar level. This level will be decisive for future price movements.”

According to the analysis company, Solana has dynamically broken the downward trend that has been ongoing for months. Recent price movements indicate a potential trend reversal with higher lows and higher highs.

According to MakroVision, the $159 level is the most important area that needs to be surpassed for the upward movement to continue. If this level is broken, it is anticipated that the price could rise to a range of $170 to $188.

According to analysts, the $146 level is emerging as an important support in the short term and is currently being tested. Below this level, $136 is considered the next support area that needs to be defended.