- Solana surged 10% after rebounding from $175, breaking key resistance levels and nearing the $200 mark.
- A close above $205 could open the path toward $212 and $220.
Solana has experienced a strong rebound, rising nearly 10% after finding solid support at the $175 level. The price has broken through multiple resistance zones, putting a $200 breakout within reach.
Fresh Rally Pushes Solana Higher
After consolidating near $175, solana began a fresh rally, climbing above $180 and $185. This upward movement was supported by a break above a bearish trend line at $178, allowing bulls to take control. The price surged past $192 and even touched $199 before entering a short consolidation phase.
At the time of writing, solana is trading above $192 and the 100-hourly simple moving average. This technical positioning indicates that the market remains bullish in the short term. Immediate resistance lies at $200, followed by $202. A decisive close above $205 could pave the way for a push toward $212, with further potential gains toward $220.
Support Levels to Watch if Price Retreats
While sentiment remains optimistic, solana could face challenges if it fails to clear the $200 resistance. The first layer of support sits near $194, with stronger backing at $186, which aligns with the 50% Fibonacci retracement level of the recent rally from $173 to $199.
A drop below $186 could trigger a decline toward $180, and a close beneath that level might expose the $175 support zone once again. Maintaining support above these key levels is crucial for sustaining the bullish outlook.
Technical Indicators Signal Strength
The hourly MACD for SOL/USD is accelerating in the bullish zone, signaling strong upward pressure. Meanwhile, the RSI remains comfortably above 50, reflecting healthy market strength. These indicators suggest that buyers still have the upper hand as long as key support levels hold.
With strong technical backing and renewed bullish interest, solana appears poised to challenge the $200–$205 resistance area. A breakout above this zone could set the stage for another strong upward leg toward $212 and $220. However, failure to surpass $200 might lead to short-term corrections before any further rally.
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