Solana Price Surge: Targets $174 with Strong Bullish Momentum

Solana's price has surged past the $140 resistance level, driven by growing trader interest. Increased trading volume has helped SOL surpass the 50-day EMA indicator, pushing the price higher. The falling wedge pattern suggests a potential target of $174. Technical indicators like MACD and RSI are showing strong bullish signals. However, traders should be cautious of resistance at the 100-day EMA ($152) and 200-day EMA ($163), as well as global economic risks.

Source: https://x.com/coinphoton/status/1914234483970314437