Solana has been experiencing a significant uptrend, aiming to reach the $164 mark. The focus now shifts to whether this bullish momentum can lead to a breakthrough or face resistance. This article provides a detailed technical analysis of Solana's current price movement, particularly its approach to the $164 resistance level. It evaluates if the bullish trend can push through this crucial threshold, exploring potential breakout scenarios or obstacles that could hinder further gains. Over the last 24 hours, SOL's price has risen by over 5%, reaching around $154, with a market cap exceeding $71 billion and trading volume surpassing $2 billion. The bullish trend is evident as SOL's price is above the 100-day SMA on the 4-hour chart, indicating strong upward momentum towards the $164 resistance level. The RSI shows overbought conditions, signaling robust buying pressure. If SOL breaks above $164, it may target $194 and beyond; otherwise, a pullback could lead to a decline towards $137 and lower levels. Read more AI-generated news on: https://app.chaingpt.org/news