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Global economic tensions and trade policy uncertainties continue to create volatility in the crypto market, with SOL navigating these challenges better than many alternatives.
Global economic tensions and trade policy uncertainties continue to create volatility in the crypto market, but Solana (SOL) appears to be handling these challenges better than many other tokens.
Solana token's price rose more than 4% on Thursday. The broader crypto market gauge, CoinDesk 20, rose about 3%.
Solana's price action is encountering a critical range at $125-$127, which has successfully rejected multiple downside attempts. On the other hand, the $133.50-$133.60 area is highlighted by the CoinDesk Research's technical analysis model as a key resistance level.
Solana's token grant claim activity has seen over 32 million SOL (more than 5% of the total supply) accumulated at the $129.79 level, making it a crucial pivot point for future price action.
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