Peter Smith
⬤ Solana's been making some solid moves lately, holding steady above a support zone that's been tested and proven reliable. The token's in what traders call a "Power of Three expansion" phase on the 4-hour chart—basically, it's building momentum after spending time consolidating. Right now, SOL is pressing toward higher ground, inching closer to that $145 resistance level without giving up the gains it's already locked in.
⬤ Before this recent climb, SOL spent quite a bit of time trading sideways in a consolidation range. That sideways action wasn't wasted though—it helped establish a solid base around $130, which has become a key support zone. Since breaking out of that range, Solana's been steadily climbing higher, consistently forming higher lows along the way. The fact that it's holding above $130 without any serious breakdown attempts is definitely keeping bulls confident.
⬤ The $145 level is where things get interesting. Solana's been working its way up to this resistance zone, and instead of getting rejected hard, it's actually consolidating just below it. That kind of price action usually means there's still buying pressure behind the scenes—traders are regrouping, not running for the exits. The support below is still intact, which means there's a safety net if things don't push through immediately.
⬤ For anyone watching the broader altcoin market, Solana's price action matters. It's often seen as a bellwether for momentum across the space. The fact that it's holding support while testing resistance shows controlled strength rather than wild speculation. How SOL handles this $145 zone over the next sessions will likely set the tone for near-term direction and could influence sentiment across other digital assets as well.
Peter Smith
