The U.S. crypto strategic reserve's executive order signed by Donald Trump causes a rapid retreat in the crypto market. Solana turned quickly from this, and a 24-hour low at $135 emerged.

But indicating a reduced price rejection, the optimistic return has caused the SOL price to revert to $143. The SOL price movement suggests a possible turn-around with the optimistic comeback to test an overhead resistance trend line.

Will this turn around produce a breakthrough rally aiming for the $200 psychological level? Let me find out.

With the lower-high forms, SOL price shows a long-coming resistance trendline in the medium term in the 4-hour price chart. Still, the temporary rebound from the $125 psychological point has produced a support trendline.

SOL price movement is indicating a symmetric triangular pattern with the two converging trendlines. At the SOL pivot level, Solana trades closer to the lower support trendline right now, close to $140.

The SOL price is predicting a possible rebound back to test the trendline for overhead resistance given many lower price rejections. But the merging close to the support level has produced a negative crossing in the MACD and signal lines.

Although the price volatility close to the S1 pivot level has greatly changed, the wider market stability invites a hopeful rebound in SOL price above the $150 psychological line.