SOL Weekly Price Action

Last week, Solana (SOL) saw a surge in popularity, with both SOL and its ecosystem, including meme tokens, delivering impressive returns to investors. SOL rose by 18.56% to reach $209.4, approaching its ambitious all-time high of $259.6. However, it is currently experiencing profit-taking and an overall market correction, finding support around the $168 range, where significant order block levels are observed.

Currently, SOL is showing signs of a rebound, with its price trading around the $178 mark. Maintaining this level could indicate further upward momentum for SOL, depending on overall market conditions. Both oscillators and moving averages suggest a strong buying sentiment for SOL across all time frames.