$SOL ’s Bounce From $164 A New Climb or Just a Pause?

$SOL 4H Chart Pullback Meets Key Support

After reaching a major high near $206, Solana entered a sharp correction phase. The price has now found temporary footing at the $164 support the same level that triggered previous bullish reactions. This zone aligns with the prior consolidation and breakout structure, increasing the chance of a technical rebound.

The latest bounce shows a potential 12.84% move toward the $177 resistance area. If SOL clears this zone with strong momentum, it could aim for a recovery extension. However, failure to hold above $164 might invite a retest of the $157 support.

Key Levels to Watch:

Support Zones: $164 and $157

Immediate Resistance: $177

Major Resistance: $206

Conclusion:

SOL is reacting well from a crucial support zone. A successful break above $177 may open the path toward $190+. But if bulls lose grip at $164, sellers could gain control again. Keep volume and price structure in focus.