$SOL Price Prediction 💥💥Bulls May Push Price Above $160

As of now, SOL’s Relative Strength Index (RSI), which measures its overbought and oversold market conditions, is in an uptrend. This indicates that there is more buying pressure than selling activity among SOL market participants.

Moreover, the position of the dots of SOL’s Parabolic Stop and Reverse (SAR) indicator confirms the bullish bias for the altcoin. This indicator tracks the trend direction and identifies potential reversal points, which are now located below the SOL price. When the dots are at this position, it indicates a strong bullish trend.

Given the current market sentiment, Solana’s price is expected to maintain an uptrend. If the buying pressure remains strong, the altcoin may break through the critical resistance level of $159.96. A successful break above this level will pave the way for SOL to reach its target of $186.40.

However, if the selling pressure intensifies and prevents the breakout, SOL’s price may reverse. In such a case, the coin might retrace to the $131.32 support level.