Solana's price experienced a downside correction below $230 but began recovering from $204. It's currently facing resistance near $220, a crucial level for further upward movement.
A bearish trend line with resistance at $220 is evident on the hourly SOL/USD chart, while the 100-hourly simple moving average is also playing a part.
If the price surpasses $228, it could trigger a stable increase toward $250. However, failure to overcome the $220 resistance could lead to a decline, with support at $212 and $205, and potentially dropping to $200 or $188.
Technical indicators show the MACD gaining in the bullish zone, and the RSI is above 50, highlighting cautious optimism.
