As the crypto markets approach the end of the weekly trade, Solana's volume has increased, but is now decreasing. The price stays within critical support and resistance zones, which may indicate a correction soon.

Current Solana Price Dynamics

In recent days, SOL's price rose from $136 to $159, achieving over 16% growth. However, with reduced bullish activity, a potential downturn is expected to drop the price below $150, probably to between $148 and $149. Despite declining volume, Solana remains one of the top-traded assets after Bitcoin and Ethereum, maintaining the bullish possibility.

Support and Resistance Levels

The current SOL price trades sideways while the 200-day moving average offers strong support. A bearish divergence in the OBV raises concerns of a significant pullback. If the price loses the 200-day MA, it may descend to the lower support of the triangle around $144.

Prospects for Bulls

Solana's ecosystem thrives with over $6 billion in TVL, of which 83% SOL is staked. As the platform observes meme coin activity, a potential rebound may follow as the SOL price remains within a bullish range.

Solana is in a volatile state, with potential for both gains and declines in price. Close monitoring of key levels will be essential for forecasting future market movements.