$SOL /USDT TECHNICAL ANALYSIS: BULLS PUSH TOWARD $168.50 AS BREAKOUT MOMENTUM BUILDS
$SOL /USDT pair is trading at $167.63, rising +6.83% in the last 24 hours, with a strong move off the 24h low of $156.32 and currently testing resistance at $168.36 – $168.50. Backed by 4.35M SOL volume and a hefty $716.34M in USDT turnover, Solana is showing clear bullish strength on the short-term chart.
Key Technical Levels:
Immediate Resistance:
$168.50 is the current breakout level;
If breached, next upside targets lie at $172.00 and $175.00.
Support Zones:
Nearest support is around $166.00,
Stronger support lies at $164.00 – $162.50, a zone of previous accumulation.
Trend Analysis:
SOL is up +2.03% today, +4.51% over 7 days, and +34.63% in 90 days, indicating sustained bullish momentum,
Short-term chart (15-min) shows a steady climb with minor consolidation, favoring continuation if $168.50 is cleared.
Volume & Sentiment:
High volume supports the rally, suggesting real buying pressure and not just short squeezes or low-liquidity spikes.
Market Outlook:
If bulls succeed in pushing price above $168.50, the next rally leg could test $172 – $175 quickly. On the downside, a pullback to $166 or lower may offer solid re-entry points for trend followers.
Trend Bias: Bullish (Short-Term)
Breakout Level: $168.50
Target if Breakout: $172.00 – $175.00
Support Range: $166.00 – $162.50