🔴 $SOL $250 WILL COME SOONER THAN EXPECTED 🔴

Solana rose over $175 again, showing strength and potentially breaking the $185 resistance. SOL began rising over the $175 barrier versus the US Dollar, and the price is now 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 the $185 resistance, the pair might rise further.

Above $150, Solana maintained its rise above $155, outperforming Bitcoin and Ethereum by rising past $162 and $165 barrier levels. The price rose over 5% and tested $185, hitting a high at $185.11 and 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, with a bullish trend line support around $176. 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, with the next significant resistance near $188. A closing above the $188 barrier might start another steady rise, with the next resistance around $192. Further rises might push the price beyond $200. If SOL fails to break the $185 resistance, a negative correction may occur, with downside support approaching $180. First big support is between $176 and the trend line. A breach below $176 might push prices below $168, and if the price closes below $168, it may fall below $155.

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