The recent 2-hour candlestick chart for $SOL /USDT on Binance paints an exciting picture for traders and investors. Solana has shown impressive strength, climbing steadily from the $140 range to hit a recent high of $180.26 before pulling back slightly to its current level around $173.94. The trend, so far, is unmistakably bullish, marked by higher highs and higher lows. Volume is solid and supportive of the uptrend, indicating strong participation behind the move.
Looking closely at the price action, we see a classic breakout pattern: a consolidation followed by a strong surge past resistance, now turning that former ceiling into a potential floor around the $165–170 level. The pullback from the recent high appears healthy rather than threatening, suggesting a possible cooldown before another leg higher.
Technical momentum looks favorable in the near term. Volume has spiked during rallies, and indicators like moving averages (notably the MA(5) and MA(10)) remain supportive, with short-term averages trending well above longer ones. This alignment usually signals continued buying interest and the possibility of new highs if resistance near $180 breaks decisively.
That said, no rally goes unchecked. If buyers fail to push past the $180–182 zone soon, SOL might revisit the $165 support for a retest. But unless we see a major breakdown below that area, the medium-term trend remains bullish. With a 30-day gain of over 57%, Solana is outperforming and could easily target $190–$200 if bullish momentum continues and the broader market cooperates.
The price action is vibrant and the sentiment is tilting toward optimism. Traders may want to stay alert, as SOL is showing all the signs of a strong, trending asset with more room to run—but also needs to prove it can hold onto its recent gains. Is this the beginning of a new Solana surge, or just a temporary spike before a bigger cooldown? The next couple of days should offer the answer.
