Solana has broken through the significant resistance level of $160, and the current price is $166. However, it faces obstacles in the supply area at $171. This price level was a minor support level at the end of July but has now become a resistance level. If SOL can successfully break through this resistance level, the next target will be a higher supply level, around $188, at which point investors may choose to take profits or adjust their portfolios.

Despite the recent price performance showing strong momentum, a healthy pullback to test the previous resistance level of $160 as a new support level is also expected. Such a pullback may lay a more solid foundation for SOL's future upward trend. Overall market sentiment remains optimistic, with many cryptocurrencies on the rise, which may further drive Solana's price.

If SOL can maintain above $160, it may signal the beginning of the next rebound, preparing Solana for further increases in the coming weeks. Whether it can break through the resistance level of $171 is crucial for determining if SOL can maintain its bullish trend.