SOL Poised for a Bullish Breakout – Target $160+?

1. **Trend Shift in Momentum:**

After a correction from $159.73, the price is now attempting recovery, indicated by bullish candlesticks emerging at support levels around **$154.63**.

2. **Technical Indicators Align Bullishly:**

- **Bollinger Bands:** Upper band expanding shows rising volatility, hinting at a potential rally.

- **RSI (Relative Strength Index):** Currently around **63.95**, suggesting room for further upside but nearing overbought levels—buyers have momentum, but caution is needed.

- **MACD Cross:** A positive divergence in MACD supports bullish sentiment, with the histogram moving towards zero.

3. **Support & Resistance Levels:**

- Key Support: **$154.63**

- Immediate Resistance: **$159.73**

Breaking above $159 could push SOL towards the next psychological target of **$160+**.

4. **Volume Observation:**

Increasing trading volume signals renewed buying interest—a potential catalyst to sustain the rally.

Conclusion:

SOL appears to be on the verge of testing higher resistance levels. If bullish pressure persists, a breakout above $159.73 could pave the way toward **$160+**. Traders should watch for a confirmed close above this threshold while managing risk as RSI edges closer to overbought territory.