Solana ($SOL ) Can Surprise You With $200
Solana can comebackPressure is steadily increasing on Solana, and a surprise breakout could be imminent. With a descending wedge pattern forming just below the crucial $170 resistance level, the asset has entered a consolidation phase following a robust rally in late April and early May. Solana is a strong contender for a volatility-driven move because of this structure and its closeness to the 200 EMA.

At $167, SOL is currently trading at a technical inflection point. Almost precisely where the price action is coiling is the 200 EMA, which serves as both a magnet and a resistance. A clear breakout is frequently preceded by this type of setup in the past, particularly when short-term exponential moving averages such as the 26 EMA start to converge toward long-term indicators.

The approaching cross between the 26 EMA and the 200 EMA is what strengthens this arrangement. This bullish crossover could be a significant technical confirmation of a trend reversal, which is a setup that often draws momentum. When combined with a breakout above $170, this signal has the potential to trigger a strong bullish wave that could push Solana closer to $190 and higher.

Even though volume has somewhat cooled off, Solana’s RSI is still above 55, indicating that there is still potential for growth before the asset is overbought once more. The volume decline could simply be a pause — a moment of indecision before the market chooses a direction.

Particularly on a spike in volume, a clear break above this barrier would probably lead to a significant upward move. On the other hand, a rejection might result in SOL retesting support in the $155-160 range. Solana may be getting ready to surprise everyone watching from the sidelines as the chart is currently leaning bullish. #solana