Can Solana Rebound and Target Resistance?

Solana’s price currently hovers around $155 after experiencing volatility. Trading volume has surged, reaching $2.69 billion in the last 24 hours, with a notable liquidation event of $9.84 million. While SOL’s market cap remains at $3.29 trillion, technical indicators suggest a bearish trend for major crypto assets like Bitcoin and Ethereum. Solana (SOL) has shown fluctuating price movements, exhibiting both upticks and declines. Traders are closely observing for potential breakout signals or further downtrend.