Everyone is Talking About Ethereum: So What Can We Expect from Solana (SOL)? What is the Latest on the Price?

In its latest technical assessment for Solana ($SOL), cryptocurrency analysis firm MakroVision stated that the price is turning upwards, re-defending the strong support zone in the $153–$157 range.

According to the analysis, $SOL is currently approaching the key resistance level at $188. Breaking above this level could pave the way for the price to accelerate towards $223.

According to the analysis firm, the prominent technical levels are as follows:

• Support: $170 and the $153–$157 band
• Resistance: $188 (above which the trend may accelerate)
• Risk: A break below $153 could lead to an extension of the correction to deeper levels.

MakroVision stated that the medium-term uptrend is valid as long as the $153–$157 range is maintained, identifying the $188 level as the “next big test.”

A strong rally has been prevalent on the altcoin front in recent days, particularly in Ethereum ($ETH). The price of $ETH has climbed approximately 20% in the past week. Other altcoins, however, have seen more modest gains.

*This is not investment advice.