🚀Solana (SOL) Price Bounces Back: Signaling a Bullish Breakout?

🐻 Following a recent bearish rejection at resistance, Solana (SOL) underwent a correction. However, SOL surged over 9% in the past day, facing resistance again near $157 to $160. A breakthrough could push SOL towards Fibonacci resistance at $175, ending the correction phase. 📈

📈 Momentum is building for SOL, with bullish indicators like a golden crossover in EMAs and bullish MACD lines and histogram on the daily chart. The RSI remains neutral. On the 4-hour chart, bullish signals persist with a potential golden crossover of EMAs, despite a present Death Cross indicating short-term bearishness. 📊

🐻 If SOL faces another rejection at $157 to $160, it may decline towards Fibonacci support levels around $125-$133 or critical support near $85. Weekly indicators show bearish MACD and neutral RSI, while the monthly chart indicates a continued correction with potential for bullish momentum upon surpassing $175 resistance. 💡

🔄 Against BTC, SOL bounced from 0.382 Fib support, surpassing 0.382 Fib resistance and targeting 0.00268 BTC. A successful break above could signal the end of corrective phase, with potential targets at 0.003 BTC. 🚀