📈 Solana Heating Up Again — Can It Smash Through $200 Resistance?
Above $188, Solana rose again. SOL price is consolidating and may rise beyond $200.
SOL began rising beyond $180 and $185 versus the US Dollar.
The price is above $188 and the 100-hour SMA.
The hourly SOL/USD chart shows a bullish trend line with support at $190.
If it breaks $200, the pair may rise again.
Solana Price Rises
Solana price rose after finding support at $175, like Bitcoin and Ethereum. SOL entered a short-term bullish zone over $180.
The price broke $185 resistance. Bulls broke the 50% Fib retracement barrier of the decline from the $206 swing high to the $175 low. On the hourly SOL/USD chart, a bullish trend line with support at $190 is formed.
Above $190 and the 100-hourly simple moving average, Solana trades. The stock faces upward resistance at $195. It is around the 61.8% Fib retracement of the $206 swing high to $175 low decline.
Near $198 is the next significant resistance. The major obstacle may be $200. Close above $200 barrier might start another steady rise. The next major resistance is $212. More increases might push the price toward $225.
Is SOL's downside limited?
SOL may tumble again if it fails to break $200. Initial downside support is between $190 and the trend line. Near $188 is the first big support.
A drop below $188 might drive the price to $184. If the stock closes below $184, it may fall toward $175.
Tech Indicators
SOL/USD hourly MACD is rising in the positive zone.
Hourly RSI – RSI for SOL/USD is over 50.
Major Support Levels: $190, $188.
Key Resistance Levels: $195, $200.