$SOL

🚨 What’s happening with Solana’s price? 🚨

After weeks of consolidation, Solana price broke decisively above a multi-month descending trendline on the daily chart, triggering a swift move from the $140–$145 zone to retest the $180 psychological barrier. This move aligns with the 0.5 Fibonacci retracement level ($156.23) from the November 2023 high to April 2025 low, which acted as a springboard for the breakout.

On the weekly chart, Solana price action is pushing into the 0.382 retracement level near $189. This zone served as a major distribution point during Q4 2024 and could now pose heavy resistance unless bulls reclaim it with volume.

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