Solana (SOL) Preparing for a Surge?

Solana held above $175. SOL price is rebounding and encountering challenges at $200 and $205.

SOL price rose after hitting $175 vs the US Dollar.

The price is over $190 and the 100-hourly SMA.

SOL/USD broke over a negative trend line with resistance at $185 on the hourly chart.

If bulls break $205, the pair may rise again.
Solana Price Sees Rise

Solana price developed a solid foundation and rose from $185 like Bitcoin and Ethereum. A solid rise occurred over $190 and $192 barrier levels.

SOL/USD broke over a negative trend line with resistance at $190 on the hourly chart. Above $195, the pair challenged the 50% Fib retracement level of the decline from $228 swing high to $175 low.

The price is presently encountering numerous obstacles approaching $200. Above $190 and the 100-hourly simple moving average, Solana trades. At $202, pricing faces resistance on the upward.


The next big obstacle is $208, the 61.8% Fib retracement level of the $228 swing high to $175 low decline. The $215 resistance may be key. A closing above $220 barrier might start another sustained rise. The next hurdle is $235. More increases might push the price toward $250.


SOL Decline Again?
SOL may fall again if it fails to break $208 barrier. The downside has initial support at $195. Near $188 is the first big support.

A breach below $180 might push the price near $175. If the price closes below $175, it may fall to $162.

Tech Indicators

SOL/USD hourly MACD is rising in the positive zone.

Hourly RSI – RSI for SOL/USD is over 50.

Major Support Levels: $195, $188.

$208–$215 are major resistance levels.

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