After a 6% Bounce, Solana Finds Support Above $157 as Buyers Reassert Control

Solana Reclaims $157 After Sudden Pullback; Market Eyes $165 Retest

Solana (SOL) is back in positive territory after a rapid 6% drop from $163.65 was met with immediate buyer support near $154.40. The bounce has lifted the token above $157, signaling that bullish momentum remains intact despite the brief sell-off.

The retreat came as SOL approached stiff resistance near $164, prompting profit-taking and short-term volatility. However, the quick recovery has restored confidence, with traders now watching key levels for the next breakout opportunity.

Institutional buzz continues to build around the Solana ecosystem. Canary Capital’s Solana ETF filing and WalletConnect’s token launch on the network have helped reinforce SOL’s growing utility and visibility.

Technical indicators remain constructive:

• Support Zone: Firm base formed at $154–$155
• Current Range: Consolidating between $156.50–$158
• Immediate Resistance: $157.70, followed by $160 and $165
• Volume Action: Spike during the rebound suggests strong buy-side interest

As BTC dominance softens and altcoin appetite grows, SOL’s ability to maintain levels above $156 could set the stage for a renewed test of $165 in the coming sessions.