⚡️ SOL Bulls Awaken — $200 in Sight After 10% Surge
From $175, Solana raised again. SOL price is up about 10% and may rise beyond $200.
SOL price rose over $185 and $190 versus the US Dollar.
The price is above $192 and the 100-hourly SMA.
SOL/USD broke above a negative trend line with resistance at $178 on the hourly chart.
The pair might benefit if it breaks $200 resistance.
Solana Price Rises Again
Solana price rose after finding support at $175, like Bitcoin and Ethereum. SOL entered a short-term bullish zone over $180.
The price broke $192 resistance. SOL/USD broke above a negative trend line with resistance at $178 on the hourly chart. Prices broke $195 thanks to bulls. After forming a high at $199, the price is consolidating gains above the 23.6% Fib retracement line of the upward run from the $173 swing low.
Solana is over $192 and the 100-hour SMA. The price faces upward resistance at $200. Around $202 is the next significant resistance.
$205. Close over the $205 barrier zone might start another sustained rise. The next major resistance is $212. More advances might push the price toward $220.
Does SOL Support Downsides?
SOL may tumble again if it fails to break $200. Around $194 is first downside support. The first key support is $186, the 50% Fib retracement level of the upward trend from the $173 swing low to the $199 high.
Breach below $186 might drive price below $180 support. If the price closes below $180, it may fall below $175.
Tech Indicators
SOL/USD hourly MACD is rising in the positive zone.
Hourly RSI – RSI for SOL/USD is over 50.
Major Support Levels: $194, $186.
Two major resistance levels: $200 and $212.
