Solana Price Faces Resistance at $204, Bulls Seek a Breakout

Solana’s price has dipped slightly, currently trading around $185, down 1.72% in the past 24 hours. Despite this slight decline, Solana (SOL) maintains a positive trend with higher lows suggesting ongoing resilience within its mid-term structure. However, the cryptocurrency faces key resistance at the $204 level. MakroVision Research indicates recent recovery efforts have been weak and lacked sustained momentum. This weakness is characterized by quick counter-movements and a lack of sustained bullish momentum, according to the analysts.