🎯 Solana Gathers Momentum — Is a Major Breakout on the Horizon?

Solana (SOL) is showing strength once again after rebounding from the $160 support level. The price is currently holding steady and could be gearing up for a push beyond $172.

SOL has climbed past the $165 mark against the US Dollar and is now trading above $168, supported by the 100-hour simple moving average. A recent breakout above a descending trendline near $167 on the hourly chart adds to the bullish signals.

SOL Price Gaining Strength Above $165

Following the path of Bitcoin and Ethereum, Solana formed a solid foundation near $160 before pushing higher. The price gained momentum above the $162 and $165 resistance zones.

The upward move has now retraced more than 50% of the drop from the $177 swing high to the $160 low. The breakout above the bearish trendline further suggests that bulls are gaining control.

If SOL can overcome the key resistance at $172, it could open the door for another strong rally.

Buy and Trade here 👉 $SOL