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Solana Rejects Key Resistance Zone: Analyzing The Current Price Action And What Could Come Next For Traders And Investors

5 hours ago

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Solana has caught the attention of traders and investors after a strong rally, climbing more than 60% from its April lows. Currently trading around 146 per SOL, the token recently peaked at 157.24, marking a notable local high.

But the bullish momentum is showing early signs of stalling and for good reason.

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Key Resistance Level: 155.03

Solana is now contending with a major resistance level around 155.03 — a price point that carries both historical and technical significance. This level marks the November low from a key moment in market history: the initial rally following President Trump’s election victory.

Here’s why this level matters:

  • It was previously a strong area of support during the early stages of a powerful upward trend

  • It now appears to be acting as resistance, suggesting that previous buyers at this level may now be taking profits or selling into strength

  • This type of support turned resistance level often becomes a critical decision point in technical analysis

The Rally in Context

While Solana’s recent gains are impressive, the struggle at 155.03 could mark a short-term turning point if bulls fail to push past it.

Current Solana Overview:

  • Price is around 146

  • Local high was 157.24

  • Major resistance sits at 155.03

  • From the April low to now, the price is up over 60%

This price action underscores how key levels from the past often resurface as battlegrounds for buyers and sellers.

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Relative Strength Versus Bitcoin

Beyond technical resistance, there’s another concern. Solana’s recent price structure is showing signs of weakness compared to Bitcoin.

  • Solana has been forming lower lows on the daily chart over the past few sessions

  • Bitcoin, in contrast, has been making higher lows, showing relative strength

This divergence in price action is important, especially for traders who use relative strength analysis to decide where to allocate capital. In this case, Solana is showing relative weakness, which could signal a short-term underperformance compared to the broader market or at least to Bitcoin.