Solana Climbs 6% as DeFi Demand Sparks Market Rebound

Solana Holds Bullish Trajectory as Buyers Absorb Dip, Eyes on $177 Breakout

Solana (SOL) continues to show impressive strength, shrugging off macro headwinds with a solid price structure and strong buying pressure. Even after a minor late-session dip, the asset remains firmly in an uptrend, backed by rising volume and institutional accumulation patterns.

Price surged from $159.69 to a peak of $173.03 before slipping slightly in the final hour. Still, the bullish momentum remains intact, with analysts eyeing a decisive move above the $177 level as the next potential breakout trigger.

Market Snapshot:

Trend: SOL has firmly established an uptrend, posting a clean series of higher lows and highs, clearing resistance at $166.87.
Volume Signals: Intense buying activity between $167 and $170 suggests institutional participation, particularly in the final hours as volume outpaced daily averages.
Support Levels: Strong demand emerged at $160.34, providing a reliable intraday floor.
Correction Insight: A quick 1.35% pullback from $172.19 to $169.87 did little to dent the broader structure.
Psychological Mark: $170 acted as a soft floor before giving way briefly, with price stabilizing just below.
Momentum Outlook: Late-session cooling in volatility and volume may reflect short-term seller exhaustion rather than a trend shift.

As long as SOL holds above $166.82, the path remains bullish. A clear break above $177 could open up the next leg higher, supported by continued accumulation.