- Solana is trading above $155 after a strong rally but faces key resistance at $160 and $165.
- A breakout could lead to gains toward $178, while failure may trigger a decline to $145 or lower.
solana (SOL) has staged an impressive comeback, climbing past $155 and touching $160. The rally mirrors bullish moves in other major cryptocurrencies like bitcoin and ethereum. However, SOL now faces a crucial test: can bulls drive the price beyond the $160–$165 resistance zone, or is a pullback on the horizon?
After breaking through $152 and $155, solana entered a short-term positive trend, supported by a strong bullish trend line and the 100-hourly simple moving average. At the time of writing, SOL remains steady above $155 and is holding above key support levels.
A Break Above $165 Could Open the Gates for solana
The next hurdle lies at $160 and $162. If buyers succeed in closing above $165, it could set the stage for a further rally toward $178, with $185 acting as the next long-term target. The MACD remains positive, and the RSI stays above 50—two bullish signals indicating that upward momentum might persist if resistance cracks.
Downside Risk Remains if $160 Holds Firm
If solana fails to move past the $160 ceiling, a correction could follow. Initial support is seen at $155, with stronger backing at $152, which aligns with the 61.8% Fibonacci retracement level of the recent $148–$160 move. A break below $152 might lead to a decline toward $145, and possibly even $136 if bearish pressure increases.
What Traders Should Watch
For now, solana’s short-term outlook depends on whether bulls can overcome the resistance wall at $160–$165. A close above these levels could spark further gains. On the other hand, failure to break through could mean another downward phase in the coming sessions.
ALSO READ:Hyperliquid Surpasses solana and Ethereum with $1.7M in Daily Fees
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