Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Will Solana Break $153 Resistance? A Look at SOL’s Futures
ALTCOIN NEWS

Will Solana Break $153 Resistance? A Look at SOL’s Futures

By Crypto FlexsAugust 19, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Will Solana Break 3 Resistance? A Look at SOL’s Futures
Share
Facebook Twitter LinkedIn Pinterest Email
  • Solana has retested key pennant support levels at the time of writing.
  • The rising metrics and TVL indicate the growing power of the ecosystem.

Solana (SOL) is showing signs of a bullish breakout after a successful test of a key support level. The altcoin has been consolidating within a bullish pennant pattern for the past five months.

Over the last 24 hours, SOL has bounced off the lower line of the pennant pattern, indicating increased buying pressure at this support level.

This key support level could serve as a springboard for an uptrend towards the next resistance level at $153.

The $153 resistance level is important for SOL bulls. A clear break of this level could rekindle buying pressure and open the way for a retest of previous highs.

Source: TradingView

Turning bullish as selling pressure eases

In addition to the aforementioned price action, DeFiLlama’s net buying data shows a significant decrease in sellers over the past 24 hours.

So at the time of writing, the net flow decreased from 9.58 million to -0.32 million, suggesting that selling pressure has weakened.

Source: DeFiLlama

SOL DeFi Shows Its Muscles

In addition to the decreasing net flow, Solana’s TVL (Total Value Locked) has been trending upward, indicating growing confidence in the DeFi ecosystem among network users.

This growth means additional funds are being deposited into Solana-based protocols, which is a positive indicator of network adoption.

Source: DefiLlama

Additionally, development activity to improve the Solana network has expanded in recent weeks, according to Santiment data.

Historically, a surge in development activity has led to major price rallies, which is a positive sign for Solana bulls.

Source: Santiment


Read Solana (SOL) Price Prediction 2024-25


At the same time, Social Volume showed a gradual increase overall. This increased social interest often leads to increased trading activity and price volatility.

Source: Santiment

The confluence of technical indicators and on-chain indicators for SOL paints a bullish picture. If Solana breaks through the bullish resistance levels, further price gains could be witnessed.

Next: Cardano: Why $0.36 and $0.42 are Important Levels to Watch

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Does the full node client compress blocks?

May 24, 2024

As policy focus shifts to AI ahead of EU elections, the cryptocurrency industry pushes the benefits of blockchain.

April 30, 2024

FBI warns Americans against using non-KYC cryptocurrency transfer services

April 26, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.