Solana Price Holds $166 Support Amid Market Indecision
- Solana peaked at $183 on May 14 before pulling back to a key support zone near $166.
- Currently trading around $171, up by 1.6% in the past 24 hours.
- The $166.82 level serves as a crucial short-term pivot, having held firm through multiple tests.
- A breakout above $177.51 or $183.86 could signal a bullish move toward the $190 to $200 range.
- 24-hour trading volume has declined by 36.15%, now at $2.3 billion.
Solana is consolidating above the critical support level of $166, with potential for upward movement if resistance levels are breached, despite decreased market volume.
Source (2.6)https://www.newsbtc.com/altcoin/solana-price-holds-166-support-after-rejection-from-183-what-comes-next/?rand=52377
