The price of $SOL is currently around $148 and is testing strong resistance at $150, which previously was a rejection area in April.
If the breakout is successful, the next target is around $170, following the breakout pattern from a symmetrical triangle.
However, the volume is still thin—an indication that this could be a fakeout. Watch for confirmation from the 4-hour candle and on-chain volume.
RSI is currently approaching the overbought area (68), so a short correction may occur before further upward movement.
Scenario:
Break and close above $150 = Bullish, potential rise to $170.
Failed break = retest of the old support at $135.
Are you already in a long position on $SOL?
