Solana's price is maintaining a level of $144, with analysts closely monitoring for a potential breakout. The cryptocurrency has formed a double bottom base, suggesting a bullish continuation if support holds. A breakout above $148 could lead to a rise towards the $155-$160 resistance zone. The Solana ecosystem is gaining attention with the upcoming SKR token airdrop, which will distribute over 1.82 billion tokens to more than 100,000 participants. This development has increased engagement within the ecosystem, although price action remains the primary focus for traders. Analysts emphasize the importance of the $144-$148 range, as holding this support could signal further upward movement. Despite the positive ecosystem developments, Solana's price direction is still heavily influenced by technical factors. A failure to maintain the $144 support could result in a retest of lower levels, while a sustained move above $145 would be seen as bullish. The market is currently in a consolidation phase, with traders watching for the next significant price movement.
Solana Price Holds Steady at $144 Amid SKR Airdrop Anticipation
This content is for informational purposes only and does not constitute investment advice.
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