$SOL Potentially significant resistance might be found at $173. Price levels around this point have historically seen a lot of trading activity, which has resulted in consolidation or a retracement. In order to potentially reach the next psychological level of $200, Solana may need to overcome this resistance to see additional gains. Nonetheless, a number of variables may affect Solana's capacity to continue growing.

Solana appears to be getting closer to overbought territory based on the relative strength index. This can point to a possible consolidation or pullback stage prior to the next leg up. If a retracement takes place, keeping an eye on support levels at $150 may also reveal prospective buying opportunities.