Solana's price is surging, catching the attention of

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traders due to its high volatility. Let's take a closer look at the current situation and what might happen next.

$SOL

**Current Price:** $168.47

**Scenario 1: Range-Bound**

If Solana stays between $165.30 and $170.88, traders might stick to buying low and selling high within this range. Here are the key levels:

**Support:**

- $165.30: Important support level during recent dips.

- $164.31 (RSI): Relative strength index could offer more support.

- $165.49 (EMA): Exponential moving average acts as a moving support.

**Resistance:**

- $168.69 (EMA): The EMA currently resists upward movement.

- $170.61: Recent high might become a barrier if retested.

- $170.88 (BOLL): Upper Bollinger Band acts as a resistance.

**Scenario 2: Bullish Breakout**

A strong close above $170.88 could start a new phase of the rally, with targets at $175, $180, and beyond. Here are the levels to watch:

**Buy:**

- $168.69: Buying on drops toward the EMA might signal a breakout.

- $170.61: Retesting the recent high could be another chance to buy.

**Scenario 3: Bearish Correction**

If Solana drops below $165.30, it could mean a bigger correction, possibly finding support at $160 and $155. Here are the levels:

**Sell:**

- $164.31 (RSI): Selling rallies toward RSI resistance.

- $165.49 (EMA): EMA could resist upward movement, signaling a chance to sell short.

Remember, managing risks and having a solid trading plan are essential when dealing with Solana's fast-moving market.