Is SOL about to surge? The resistance at 180 is just starting to warm up!
SOL has bounced back from $170 and is striving to break through the $180 ceiling. It's important to note that Bitcoin has already surpassed a new high of $111,800, so how could altcoins not be excited?
Although recently BTC was temporarily pushed down to $107,000, cooling the market, SOL has shown remarkable resilience—after retracing, it remains firm on the trend line. The MACD continues to stay in the positive zone, and the stochRSI is about to trigger a rebound signal, with selling pressure noticeably weakening and buying interest starting to build up quietly.
Currently, the key resistance zone is between 185-190, but from a technical perspective, it is still gathering momentum at the tip of a triangle; as soon as there is a surge in volume, reaching $190 by the end of the month is not a dream.
Looking a bit further ahead, SOL is maneuvering well within an ascending wedge pattern, and if the timing is right, breaking through $500 in 2025 is a possibility. Don't forget, this is Solana, not just some roadside meme. Do you think it has a chance to become the next leader?
