$SOL is showing renewed strength, trading around $156–$158, up over 4% in the past 48 hours. This rise follows a classic falling-wedge breakout, with price reclaiming key resistance between $158–$161 . Bulls defended the long-term support zone at $144–$152, and now SOL is holding above the critical 100 EMA near $158 .

Momentum indicators show cautious optimism: the RSI is neutral (~53), MACD has turned mildly bullish, and Stoch-RSI is climbing from oversold—suggesting more upside if current resistance breaks .

Meanwhile, ecosystem fundamentals are strong: Solana’s insane Layer-1 activity and Q2 DEX volume growth of 32%, hitting ~$1.6 billion/day, reflect a thriving developer and user base . And with SOL Strategies launching its Strategic Ecosystem Reserve (SER) to support infrastructure like Jito, network health remains a focal point .

What to Watch Next:

A clear breakout above $161–$162 could open the door to $165–$170, and possibly even $180+ as analysts at Bitpanda and CryptoTimes forecast . But if bulls falter, SOL might consolidate around $150–$152 before attempting another run.

🚀 Bottom-line: Solana appears to be on the right track after confirming a breakout and defending strong support. With robust on-chain growth and network upgrades fueling interest, the coming days could see SOL advancing toward $165–$180—provided it holds above $158.