Solana (SOL) Consolidates Below Key $145 Level Awaiting Possible Breakout

• $SOL remains below $145, consolidating and waiting for a breakout opportunity.
• Traders are looking for confirmation with closes above $145 for a move higher.
• A breakout above $145 would signal potential for upward momentum in $SOL.

Solana ($SOL) has been stuck at a critical resistance level of $145, with no clear breakout in sight. Traders are waiting for a decisive move to confirm the next phase of price action. Will $SOL finally break through, or will it remain trapped in consolidation?

$SOL Struggles with Resistance at $145

$SOL is currently facing resistance at the $145 price level, with no clear movement above this mark. Daan Crypto Trades recently highlighted this in their analysis, noting that $SOL has been consolidating at this resistance point for some time. 

At press time, SOL, currently priced at $142.19, the coin’s price has shown difficulty in pushing past the $145 threshold, despite several attempts. 

According to Daan Crypto Trades, any significant moves above this resistance level could trigger more interest from traders and investors. However, until $SOL can break through this price barrier, it remains in a state of consolidation.

Potential for Higher Movement if $145 Resistance Breaks

For $SOL to show signs of a higher price movement, it needs to break the $145 resistance. The market is currently watching for any closes above this level, which would indicate a potential shift in market sentiment. 

Daan Crypto Trades has stated that a close above $145 would signal the beginning of a higher target, encouraging more bullish behavior. While consolidation continues, the trader has emphasized that they will not take action unless $SOL closes above this resistance. 

$SOL remains in a tight range, struggling to push past the $145 resistance. The key to determining its next move lies in whether it can sustain a breakout above this level. 

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.