Solana is preparing for its bounce back as the asset hits the gas pedal near the $170 level, possibly changing the trajectory. Hopefully, the price level mentioned in the heading of this post turns out to be prophetic shortly. Recent price action does seem to suggest that Solana might be preparing for a significant breakout as it tests the $180 level in the near future.
Now, turning the light on to technical indicators, there are plenty of buy signals in the price of Solana on the daily chart. The price has held properly on top of the 50-day moving average, which stands as a significant support in an uptrend rally. RSI pointing upward still has room to go until it reaches 70 and currently is above the 50 level, indicating rising buying pressure
