• SOL is trading at $147.50 and it is close to the critical resistance at $148.16. If it is crossed, a rally to $210 is possible.

  • The RSI at 53.93 and the positive power balance at 0.48 suggest that buyers are gaining strength.

  • Failure in the retest could result in a drop to $110, while success could trigger a surge above $210.

Solana’s price has been on an upward trend in recent days, driven by increased demand for the popular altcoin. Despite the broader market stagnation, SOL is currently trading at $148.06, up 2% over the past week.

This uptrend has pushed SOL to a critical resistance level of $148.16, where it is currently attempting to break above it. If Solana succeeds in breaking above this resistance, it could spark a rally that could take the price to $210 and beyond. But when will this breakout occur?

Solana Demand Rises

As of this writing, Solana’s relative strength index (RSI) is trending upwards and is at 53.93. The indicator measures oversold and overbought market conditions for the coin.

The value ranges from 0 to 100, with values ​​above 70 indicating that the asset is overbought and in need of a correction. On the other hand, values ​​below 30 indicate that the asset is oversold and may soon see a rebound.

The RSI reading of 53.93 suggests that SOL buyers are gradually gaining strength, which could cause its price to maintain an uptrend.

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Furthermore, SOL’s positive Balance of Power (BoP) also supports this bullish outlook. This indicator measures the strength of buyers versus sellers in the market. At press time, SOL’s BoP was 0.44, indicating that buyers are in control and trying to push prices higher.

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SOL Price Prediction: A Successful Retest is Key

Solana is trading at $148.06, just below the resistance level of $148.16. This price level has been under heavy selling pressure since the beginning of August, and SOL has attempted to break through it several times. Despite these efforts, each retest has failed.

If demand for SOL persists, the token could break through this resistance level. A successful retest could trigger a surge to $209.90, the highest point Solana’s price reached in March.

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However, a failed retest of this resistance line could cause Solana’s price to plummet to $110.