Solana price today is trading near $163.30, marking a 13% surge in the last 24 hours. After spending days consolidating below the $150 resistance, Solana price action confirmed a bullish breakout through a falling wedge on the 4-hour chart, propelling the token to a fresh local high of $164.55. This move not only reclaimed the key 0.5 Fibonacci level at $156.23 on the weekly chart but also brought Solana price volatility back to focus.
What’s Happening with Solana’s Price?
The 30-minute chart reveals a near-parabolic rally supported by a breakout from a tight descending wedge, with price now consolidating near the upper resistance zone around $164. Short-term consolidation here is expected after the sharp impulse.
On the broader structure, weekly Fibonacci retracements show that SOL is now targeting the 0.382 level at $189.01 as the next major resistance. A sustained move above $164–170 could trigger a rally to that level, especially if bulls protect the $155 support region.
Why Solana Price Going Up Today?
Momentum indicators across key timeframes support the…
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