Solana Rockets Past $160 — Is $180 Within Reach?
Solana $SOL price surged beyond $150, continuing its upward breakout. SOL is up over 25% and consolidating gains around $160.
Solana climbed past the $150 resistance zone.
The price is now above $155 and the 100-hour SMA.
On the hourly $SOL SOL/USD chart, a bullish trend line is forming near $158 support.
The pair might gain further if it clears the $165 and $168 resistance levels.
Solana Price Surges Beyond $160
After steady moves above $140, SOL outperformed Bitcoin and Ethereum. Bulls broke the key $150 resistance, gaining strength toward $160. Price hit a high near $164 before a slight pullback.
There was a minor decline below the 23.6% Fib retracement from the $142 swing low to the $164 high, but the price is holding strong above $158 support and the 100-hour SMA.
Immediate resistance sits at $165. The next key resistance levels are near $168 and $172. A clear move above $172 could trigger a push to $180 and beyond. Bulls may eye $188 or even $195 in the short term.
Can SOL Maintain This Rally?
If Solana struggles near $165, a downside correction could start. First key support is at $158, followed by $154. A break below $154 might send the price toward $150 or even $142.
Tech Indicators
Hourly MACD – SOL/USD MACD is showing early signs of slowing bullish momentum.
Hourly RSI – RSI for SOL/USD is still above 50, suggesting strength.
Major Support – $154
Major Resistance – $165
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