$SOL Pushes to $163 – Breakout Brewing or Bullish Exhaustion?
Solana (SOL) is currently trading at $163.78, up +4.11% on the day. The price is moving sideways after recovering from a dip to $155.64, consolidating just under a minor resistance zone. Bulls are defending support, but a breakout confirmation is still pending.
Key Technical Levels:
• Resistance: $164.90 – $165.80
A strong breakout above this range could trigger bullish continuation toward $168+.
• Support: $162.60 – $161.80
A breakdown below this zone might lead to a deeper correction, back toward the mid-$150s.
Trade Setup:
Bullish Entry:
If price breaks and closes above $164.90
• Target 1: $166.50
• Target 2: $168.00
• Target 3: $170.20
• Stop-loss: Below $161.80
Bearish Entry:
If price breaks below $161.80
• Target 1: $159.50
• Target 2: $157.00
• Target 3: $154.80
• Stop-loss: Above $165.00
SOL is coiling between key levels, and a breakout in either direction is likely soon. Monitor volume and structure before entering.