$SOL bulls are aiming for the $180 mark
Solana ($SOL ) has risen nearly 10% after a recent decline, climbing to $173 amid strengthening bullish momentum.
Technical indicators such as Balance of Power (BoP) and RSI show increasing strength of buyers, signaling the potential for a continuation of the upward movement.
Key resistance is at $176.33. If it is broken, SOL could rise to $180. Failure to maintain momentum may trigger a drop to $158.80.
Price recovery for SOL is gaining traction
For SOL, the current positive values of the balance of payments signal that the bulls are taking control of the market, strengthening the ongoing price recovery.
Moreover, the rising Relative Strength Index (RSI) reinforces the bullish outlook for SOL.
The price of SOL is approaching a turning point
A prolonged wave of buying pressure may trigger a breakout of the immediate resistance for SOL at $176.33.
If this level is overcome with strong momentum, $SOL could surpass the psychological barrier of $180, opening the path for further growth.