Strong support range: $167–$170. Many see it as a solid base, especially at the midpoint of this range.
Clear resistance: An upward momentum could begin if the price confidently breaks through $176–$178.
Recent technical signals
Indicators like RSI and Balance of Power (BoP) have started to show buying momentum, hinting at the possibility of a retest of $180–$182. If it surpasses that, it may pave the way for a new bullish phase.
Supply data indicates a decrease in the amount of SOL on exchanges, suggesting reduced selling pressure, and there may be what is known as a Golden Crossover on the way, which supports the bullish scenario towards the range of $176–$340 in the medium term.