Solana (SOL) attracted attention with a price increase of over 7% in the past week and showed a significant performance in the cryptocurrency market. Rising beyond major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), Solana reached the highest price level of the three-month period, but retreated from these levels. During this process, crypto analysis expert Rekt Capital published a detailed analysis on Solana and shared information indicating important price levels.

According to Rekt Capital's analysis, there are two critical resistance levels that stand out on Solana's chart. The first resistance level was stated as the $180 level, which was crossed above the weekly candle close and confirmed the bullish trend. Analysis generally shows that closes above resistance levels turn into support, and this is interpreted as a bullish signal. The second specified level was expressed as 202 dollars. Breaking this level could be an important confirmation for further upside and could potentially lead to higher gains. Another critical support level is observed at $135. It is emphasized that this level has been tested many times in the past and is a strong support point. If the first support level at $180 is lost, the next support zone is around $122.

Recently, Solana's price has increased with the introduction of Ethereum ETFs and Mt. Gox experienced a decline due to the impact of refunds. With a decline of over 4% in the last 24 hours, Solana is trading at $172. Solana's market volume dropped below $80 billion to $79.9 billion. Additionally, 24-hour trading volume dropped 12% to $3.2 billion.

Key Takeaways:

  • The $180 and $202 levels are stated as critical resistance points.

  • The $135 level is critical as a strong support.

  • Declines in market and trading volume may be an indication of a decrease in investor interest.

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