Solna is attempting to reclaim its position above the key $180 resistance level

Solana is attempting to reclaim its position above the key $180 resistance level for the second consecutive week. The cryptocurrency briefly dropped to $160 from $184

Solana price has attempted to break above the key resistance zone at $180 for the second consecutive week. The cryptocurrency dropped to $160 from $184 before recovering to current levels around $187.

Solana Is Eyeing Key Resistance Levels As Bulls Take Pause Above Immediate Support

Solana price has been consolidating above immediate support at the daily order block high, marked between $140-150. This support range should provide higher timeframe support during any price correction.

Technical analysts are also keeping an eye on fractal patterns. Crypto trader Robert Mercer identified a price fractal pattern similar to October 2024.

This analysis highlights two critical zones where SOL previously broke past $180 after consolidation periods. Both breakouts occurred after ranging markets, setting the stage for strong rallies.

According to Mercer, a breakout above $180 could trigger a sharp upward rally, pushing SOL toward the $200 region. This move would mirror the late 2024 movement that saw SOL peak near $260.

Solana price action broke above the $180 zone on August 10, 2024, following a consolidation phase. This breakout led to a swift rally, with SOL surging to a high of $259.8 on August 27, 2024.

Another instance of this pattern occurred on December 20, 2024, after a consolidation period between November 27 and December 20, 2024, at the $141.88 support level.

This breakout triggered a rally that saw SOL testing the $180 resistance zone again on December 27, 2024, at which point it broke through to continue the rally.

Solana price broke above the $180 zone on August 10, 2024, following a consolidation phase. This breakout led to a swift rally, with SOL surging to a high of $259.8 on August 27, 2024.

Another instance of this pattern occurred on December 20, 2024, after a consolidation period between November 27 and December 20, 2024, at the $141.88 support level.

This breakout triggered a rally that saw SOL testing the $180 resistance zone again on December 27, 2024, at which point it broke through to continue the rally.

Solana price broke above the $180 zone on August 10, 2024, following a consolidation period. This breakout led to a swift rally, with SOL surging to a high of $259.8 on August 27, 2024.

Another instance of this pattern occurred on December 20, 2024, after a consolidation period between November 27 and December 20, 2024, at the $141.88 support level.

This breakout triggered a rally that saw SOL testing the $180 resistance zone again on December 27, 2024, at which point it broke through to continue the rally.

Solana price broke above the $180 zone on August 10, 2024, following a consolidation phase. This breakout led to a swift rally, with SOL surging to a high of $259.8 on August 27, 2024.

Another instance of this pattern occurred on December 20, 2024, after a consolidation period between November 27 and December 20, 2024, at the $141.88 support level.

This breakout triggered a rally that saw SOL testing the $180 resistance zone again on December 27, 2024, at which point it broke through to continue the rally.

Solana price broke above the $180 zone on August 10, 2024, following a consolidation phase. This breakout led to a swift rally, with SOL surging to a high of $259.8 on August 27, 2024.

Another instance of this pattern occurred on December 20, 2024, after a consolidation period between November 27 and December 20, 2024, at the $141.88 support level.

This breakout triggered a rally that saw SOL testing the 180 resistance zone again on December 27, 2024, at which point it broke through to continue the rally.

Solana price broke above the 180 zone on August 10, 2024, following a consolidation phase