Solana Faces Key Resistance Amid Renewed Demand
- Solana (SOL) is trading at $170.48, after reaching a local high of $184.
- SOL’s 30-day capital inflows have turned positive, growing at 4–5%.
- The price must break above the $185 resistance to continue its rally.
- Support is found above the 200-day EMA at $162.21 and SMA at $181.16.
- A failure to hold the $162 zone could lead to a retrace toward $150.
Solana’s recent price action shows strength as it holds above key support levels, with renewed demand indicated by positive capital inflows. However, breaking the $185 resistance is crucial for further gains.
Source (2.6)https://www.newsbtc.com/news/solana/solana-sees-renewed-demand-as-capital-flows-turn-positive-details/?rand=52377