Solana is back on the move, with the price showing signs of a potential breakout! š
After finding support at $162, $SOL has pushed above $165, trading above the 100-hourly SMA. However, bulls are facing a key test at the contracting triangle resistance around $168 and a major resistance at $172.
Here's a look at the key levels:
ā¬ļø Resistance: A decisive break above $172 could trigger a rally towards $175 and potentially $182.
ā¬ļø Support: Key support lies at $164 and a major level at $162. A close below this could see the price drop to $152.
Technical indicators are mixed, with the MACD falling in the positive zone while the RSI is still above 50. The next few hours will be crucial!
