Solana Price (SOL) Targets New Monthly High: Bulls in Control
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Solana (SOL) started a fresh upward move from the $165 zone, showing signs of strength against the US Dollar. The price is currently around $175 and above the 100-hourly simple moving average. SOL broke a bearish trend line with resistance at $170 on the SOL/USD pair chart, hinting at further gains if it clears $182.50 resistance.
Following a downside correction from $152.50, Solana tested support at $165 before rising again. It overcame the 50% Fib retracement level from $182.51 high to $165.12 low and broke a bearish trend at $170.
SOL now faces resistance near $175 and $182.50 levels. Success above $182.50 could push the price towards $192 or even $200. However, dips could lead SOL to $172 or $170 support, with a potential decline to $155 if $165 fails.
Source: www.newsbtc.com ↗
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