Can We Achieve the $250 Target with the 7% Climb in Solana Price (SOL)?
Solana rose over $175 again. SOL price may break $185 resistance as it shows strength.
SOL began rising over $175 barrier versus the US Dollar.
The price is over $175 and the 100-hourly SMA.
On the hourly SOL/USD chart, a bullish trend line with support around $176 is formed.
If it breaks $185 resistance, the pair might rise further.
Solana Price Sees Growth Above $185
Above $150, solana price maintained its rise above $155. SOL outperformed Bitcoin and Ethereum by rising past $162 and $165 barrier levels.
Price rose over $180. The price rose over 5% and tested $185. The price hit a high at $185.11 and is consolidating gains at the 23.6% Fib retracement level of the upward run from the $170.58 swing low.
Solana is over $180 and the 100-hourly SMA. On the hourly SOL/USD chart, a bullish trend line with support around $176 is formed. The upward rise from the $170.58 swing low to the $185.11 high is around the 61.8% Fib retracement level.
Price may find resistance at $185 on the upside. Near $188 is the next significant resistance. A closing above $188 barrier might start another steady rise. Around $192 is the next resistance. Further rises might push the price beyond $200.
Does SOL Support Dips?
A negative correction may occur if SOL fails to break $185 resistance. Initially, downside support is approaching $180. First big support is between $176 and the trend line.
A breach below $176 might push prices below $168. If the price closes below $168, it may fall below $155.
Tech Indicators
SOL/USD hourly MACD is rising in the positive zone.
Hourly RSI – RSI for SOL/USD is over 50.
Major Support Levels: $180, $176.
Key Resistance Levels: $185, $188.
