Bengaluru, May 27 -- Solana is currently consolidating just below the $180 level after a strong rally, encountering noticeable resistance as buyers try to sustain momentum. Although the overall trend remains bullish, upward movement is on pause as the cryptomarket is trading sideways. Buyers are still in control but are struggling to push SOL above this key barrier, resulting in the price trading in a range in the previous trading sessions.

At the time of writing, Solana is trading at $178.7, up by 1%, in the past 24 hours. Along with this price increase, the total market cap of Solana reached $92.36 billion, with a 24-hour trading volume of $3.39 billion.

In this overview, we will analyse the key technical levels and trend directions f...