Solana’s price is currently consolidating at 237.80 USD, experiencing a minor decline of 0.22% in 24 hours, indicating stability amidst market volatility.

The analysis shows Solana’s price structure remains bullish due to strong NFT sales. However, pressure mounts from selling volumes, with resistance identified at 264.63 USD.

Traders are advised to closely monitor price action around the resistance and support levels. A breakout above 264.63 USD could lead to higher targets.