Solana Price Maintains Uptrend, Target 1000 $
Solana rose steadily beyond $155. Above $162 and $165 barrier levels, SOL price is rising.
SOL price began rising beyond $155 US Dollar barrier.
The price is above $158 and the 100-hourly SMA.
On the hourly SOL/USD chart, a bullish trend line with support at $159 is formed.
If it breaks $162.50 barrier, the pair might rise further.
Continuing Solana Price Uptrend
Above $145, solana price maintained its rise above $150. Bitcoin and Ethereum are correcting gains, while SOL is creating a base and looking higher.
Price rose beyond $158. The price broke the 50% Fib retracement level of the latest slide from $164.90 swing high to $154.85 low. On the hourly SOL/USD chart, a bullish trend line with support at $159 is formed.
Solana is over $158 and the 100-hourly SMA. Price may find resistance at $162.50 on the upside. It is around the 76.4% Fib retracement of the latest slide from $164.90 swing high to $154.85 low.
Near $165 is the next significant resistance. A closing above $165 barrier might start another steady rise. Around $172 is the next resistance. More advances might push the price toward $180.
Does SOL Support Dips?
If SOL fails to break $162.50 barrier, it may fall. The downside has initial support at $160. First big support is between $158 and the trend line.
A break below $158 might push the price to $155. If the stock closes below $155, it may fall toward $150.
Tech Indicators
SOL/USD hourly MACD is rising in the positive zone.
Hourly RSI – RSI for SOL/USD is over 50.
Major Support Levels: $158, $155.
Major Resistance: $162.50, $165.
