🚀 Solana Powers Up — Strong Demand Could Push SOL to $200

From $165, Solana rose again. SOL price is rising and may break $180.

SOL rose beyond $170 vs the US Dollar again.

The price is above $172 and the 100-hour SMA.

The hourly SOL/USD chart shows a bullish trend line with support at $170.

The pair might rise again if it breaks $180 resistance.

Solana Price Exceeds $172

Like Bitcoin and Ethereum, Solana pricing built a base over $165 and increased. SOL accelerated over $170 and $172 resistance.

Bulls even broke $175. After hitting $177.50, the price is consolidating gains above the 23.6% Fib retracement line of the current wave from the $165 swing low to the high.

Solana is over $172 and the 100-hour SMA. On the hourly SOL/USD chart, a positive trend line connects to $170 support.

The stock faces upward resistance at $178. Near $180 is the next significant resistance. $185 may be key resistance. Close above the $185 resistance zone might start another steady rise. The next hurdle is $192. Further rises might push the price beyond $200.

SOL Decline Again?

SOL might tumble again if it fails to break $180 barrier. Near $174.50 is first downside support. The first key support is $172, the 50% Fib retracement level of the last wave from $165 swing low to $177.50 high.

A break below $172 might push pricing toward $170 and the trend line. If the price closes below $170, it may fall to $162.

Tech Indicators

SOL/USD hourly MACD is rising in the positive zone.

Hourly RSI – RSI for SOL/USD is over 50.

Major Support Levels: $172, $170.

Key Resistance Levels: $178, $180.

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