Solana’s recent pullback appears to be finding a direction as the price drifts towards the $160 region, a level that attracts aggressive investors. Despite the short-term weakness, sentiment around SOL remains firm, with traders viewing the decline as a potential accumulation opportunity before momentum shifts back in favor of the bulls.
Collapse of the triangle moves SOL into a critical accumulation zone
According to another Expectations From Crypto VIP Signal, Solana price recently broke out of the descending triangle, indicating a temporary shift in market structure. The move brought SOL to a crucial support area where buyers had previously shown strong interest. The reaction from this area will likely determine whether the market stabilizes for a bounce or continues its downward trajectory in the short term.
Currently, Solana is hovering around the $160 area, which many analysts consider an important accretive range. Historically, this level has served as a reliable base where bullish momentum often begins to build. If demand increases and broader market sentiment improves, SOL could see a bounce that pushes it back towards higher resistance levels.
Even with this potential upside, caution remains necessary. Market volatility continues to influence price movements, and a decisive drop below the $150 level could indicate a deeper bearish extension. The expert noted that setting a stop loss slightly below $150 helps protect against this scenario while allowing room for short-term fluctuations. Currently, speculation is on whether Solana will be able to maintain his current support and attract renewed upward pressure, which could mark the beginning of a recovery phase in the coming days.
Solana holds at key weekly levels amid market slowdown
Recently mail On The analyst noted that although short-term momentum has weakened, the overall market structure remains resilient, indicating that the asset may soon stabilize and prepare for its next move.
According to CryptoPulse, Solana’s long-term outlook is supported by strong fundamentals and a growing ecosystem. The project continues to attract increasing adoption across decentralized finance (DeFi), NFTs, and enterprise applications. Furthermore, significant institutional interest has fueled confidence in Solana’s ability to remain one of the leading blockchain platforms in the cryptocurrency space.
For now, CryptoPulse recommends maintaining a neutral and patient stance as the price consolidates, which may provide a more suitable entry point, especially if SOL begins to recover. Once momentum returns, the analyst believes Solana could quickly regain higher resistance levels and potentially resume its broader upward trajectory.
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