Solana ( SOL ) price prediction: may challenge the 172 dollar resistance level, looking up to 180 dollars.

Solana (SOL) successfully broke through the key resistance levels of 160 USD and 162 USD, and is currently stabilizing above 162 USD and the 100-hour moving average. The technical chart shows a key bullish trendline support forming near 165 USD. If it can effectively break through the 172 USD resistance area, SOL is expected to initiate a new round of pump, targeting 180 USD and even 192 USD highs. Short-term traders can follow the support strength at 165 USD and 162 USD.

SOL establishes a short-term pump trend The Solana price found support around $155 (similar to the trends of Bitcoin and Ethereum) and initiated a solid rebound. SOL successfully broke through the $160 mark, entering a short-term bullish area, and further strongly broke through the $162 resistance level.

The current SOL price is trading above $162 and the 100-hour simple moving average. Bulls have successfully pushed the price above the 23.6% Fibonacci retracement level from the swing high of $182 to the low of $155. On the technical side, the SOL/USD hourly chart shows a key bullish trend line forming around $165, providing support for the price.

Key resistance and upward targets On the upside, the SOL price faces resistance near the $170 area, which is close to the 50% Fibonacci retracement level from the drop from the $182 high to the $155 low. The next major resistance level is around the $172 area.

The main resistance level is in the $180 area. If SOL can successfully close above the $180 resistance level, it may pave the way for another round of steady pump. The next key resistance level is at $182. If it continues to break through, the price may further test the $192 area.

Is the support below stable? If SOL fails to successfully break through the 172 USD resistance area, it may trigger a new round of correction. The initial downward support level is near the 165 USD area and the trend line. The first major support level is in the 162 USD area.

If it effectively breaks below the support at $162, the price may test the support area at $155. If the closing price further breaks below the key support level of $150, the SOL price may drop towards the support level of $145 in the short term.

Technical Indicator Analysis

• Hourly MACD: The MACD indicator for SOL/USD is in the bullish zone, and momentum is strengthening.
• Hourly Chart RSI (Relative Strength Index): The RSI for SOL/USD is currently above the 50 level, indicating bullish dominance.
• Main support levels: 165 USD, 162 USD.
• Main resistance levels: 172 USD, 182 USD.

Conclusion: Solana has shown further upward potential after breaking through key resistance, with $172 becoming the focal point of the bulls and bears. Investors should closely follow the breakthrough situation of the $172 resistance level and the defense strength of the $165-$162 support area. If it can effectively break upwards, SOL is expected to challenge the $180 target or even higher; conversely, if it loses key support, one should be wary of the risk of a pullback. Day trading requires close attention to changes in technical indicators and volume coordination.