$SOL Solana is preparing to bounce back as the asset touches the $170 level, which will likely help change the trajectory.

Recent price action seems to suggest that Solana may be preparing for a strong breakout as it tests the $180 level in the near future.

On the technical indicators side, there are plenty of buy signals for Solana on the daily chart. The price has held firm above the 50-day moving average, which is considered strong support in an uptrend rally. The upward RSI still leaves room for growth until it touches 70. The indicator is currently above the 50 level, suggesting buying pressure is increasing.

Meanwhile, trading volumes have increased sharply over the past few days, a sign of growing demand and investor confidence in Solana's future.

The MACD indicator also shows that bullish signals remain in place as the MACD line moves above the signal line. Of course, the path towards $180 will be extremely rocky for Solana, with the first key resistance level located around $175, where the price has met resistance in the past.

If this level is overcome, SOL's next target will be $180. If the bullish momentum continues, SOL could head towards $200.