Solana Bulls Challenge Key Resistance Amid Renewed Strength

Solana's price action suggests that bulls are not backing down despite recent struggles. The cryptocurrency has regained bullish momentum after successfully defending the $137 support level, and buyers have stepped in to protect this key zone.

The renewed strength has driven the price upward as it targets the $164 resistance level, which could determine whether SOL extends its rally. A successful breakout above both levels might confirm a stronger recovery, triggering a rally toward the $211 resistance zone.

However, risks remain, and a decline in trading volume alongside weakening indicators would confirm a slowdown, increasing the risk of another bearish turn. The Moving Average Convergence Divergence (MACD) indicator is signaling a potential shift in momentum, with a classic indication of improving buying pressure.