Recently, Solana (SOL) has shown a remarkable technical rebound in the range of $150 to $155. This price range coincides precisely with an important support level in its historical trend and also marks the bottom of a large channel in the 4-hour chart.

Subsequently, SOL has shown a steady upward trend, gradually entering an ascending channel on the 30-minute chart. However, SOL currently faces a larger and longer-lasting downward resistance. This resistance line has constrained the price movement since July 20 and has not yet been broken.

From a technical analysis perspective, the market is showing some initial signs of potential reversal:

The SAR indicator has fallen below the price line, which may indicate that the trend is about to reverse and show a stronger upward momentum.

However, the Supertrend indicator remains bearish, currently forming resistance around $171.12. This means that only if SOL breaks through this key level can it be considered to truly welcome new upward momentum.

In terms of intraday trends, the current price of SOL is slightly above the VWAP (Volume Weighted Average Price), indicating a short-term trend that is neutrally bullish, with market participants closely monitoring subsequent developments.

Overall, Solana is at a critical technical analysis juncture. Investors and traders should closely monitor the breakout situation at the key resistance level of $171.12, as this could signal the beginning of a new upward cycle. At the same time, it is essential to be wary of rapid changes in market sentiment and to maintain a flexible trading strategy.