Solana Hits Consolidation Phase Ahead of Key Resistance Test

Solana has consolidated above $132 after a recent rally that pushed the cryptocurrency past key resistance levels.

The digital asset now faces a critical test at the $145 resistance zone, with technical indicators suggesting the momentum may be cooling despite trading above its 100-hourly moving average.

A bullish trend line has formed with support at $143 on the hourly chart. Solana is consolidating gains above the 23.6% Fibonacci retracement level of its recent move from a $123 swing low to a $146 high.

If Solana can break through the $145 resistance zone, it could set the stage for gains toward $162, with potential movement to $180 if momentum continues. However, failure to break this level could trigger a pullback to the $125 support level and the trend line.