Solana Gains 6% on Renewed DeFi Interest and Market Reversal

Solana Sustains Uptrend as Smart Money Buys the Dip

Solana (SOL) remains technically strong despite a minor late-session pullback, with price action and volume dynamics signaling continued accumulation. The asset posted an 8.35% intraday range before easing slightly, as buyers dominated key levels and reinforced the uptrend structure.

After climbing from $159.69 to $173.03, SOL broke above critical resistance at $166.87. Elevated activity between $167 and $170 suggests demand from larger players, while support at $160.34 held firmly early in the session.

Key Market Metrics:

• Price Range: SOL advanced $13.34 intraday, marking an 8.35% move.
• Trend Confirmation: Higher highs/lows remain intact; structure remains bullish.
• Volume Spike: Concentrated buying volume near $170 aligns with signs of institutional interest.
• Correction: Price slipped 1.35% from $172.19 to $169.87 in the final hour.
• Support/Resistance: $160.34 and $170 are acting as key technical zones; $177 is the next upside test.
• Momentum Outlook: Final 30 minutes saw declining volume, hinting at a short-term pause in selling.

With the uptrend supported by strong inflows and positive structure, market participants are watching for a breakout above $177 to confirm further upside potential.