Currently, $SOL Solana ranks fourth in market capitalization, with the price rebounding from a low of nearly $110. What a dramatic turnaround! SOL's price is now fluctuating between $154 and $156, showing a delicate balance between bullish momentum and continued bearish pressure.

SOL has been performing quite well recently, surging 10% in the past two days and jumping to fourth place in terms of trading volume. This rise comes after SOL experienced a severe correction, with the value falling by more than 50% in less than a week. However, the current market structure shows that market sentiment may be shifting, with sales volume significantly reduced.

The recovery of SOL's price is also similar to the trend of Bitcoin and Ethereum, which once fell below the $120 support level and hit a low of $109. But recently SOL has begun to recover, with the price breaking through the $120 and $135 resistance levels and rising above the 50% Fibonacci retracement level of the $184 high to $109 low.

Now the hourly chart of SOL shows that the price is facing resistance near $156, a level close to the 61.8% Fibonacci retracement level of the $184 high to $109 low. Next, the main resistance level is $166. If it successfully breaks through and stabilizes above this level, it may rise further and may even reach $195.

But if SOL fails to break through the $155 resistance level, it may fall again. The initial support level is $140, and the main support level is $135. If it falls below this point, it may fall further to $122. How will the market develop? Let's wait and see!