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**SOL Breaks $170! Solana (SOL) Starts New Rally – What’s Next?**
Solana (SOL) is showing strong momentum after holding support near $160 and has now entered a new uptrend. The price is currently consolidating above **$168**, trading above the 100-hour SMA, and eyeing further gains if key resistance levels are broken.
### 🔥 **Key Takeaways:**
- **SOL broke a bearish trendline** near **$167** on the hourly chart.
- The next major resistance is at **$172** (76.4% Fib level of the recent drop from $177 to $160).
- A clear break above **$172** could trigger a strong rally towards **$176**, then **$180**.
- If bulls push past **$180**, the next targets are **$192** and potentially **$200**.
### ⚠️ **If Rejection Happens:**
- Failure to break **$172** may lead to a pullback.
- Immediate support at **$168**, then **$165**.
- A drop below **$162** could test **$150** in the short term.
### 📊 **Technical Indicators:**
- **Hourly MACD:** Bullish but losing momentum.
- **Hourly RSI:** Above 50, indicating bullish control.
### 🎯 **Key Levels:**
- **Support:** $165, $162
- **Resistance:** $172, $176
### 💡 **Trading Strategy:**
- **Short-term traders** can look for entries near support levels.
- A confirmed breakout above **$172** may signal a strong uptrend continuation.
**Will SOL hit $200 soon? Stay tuned for updates! 🚀**
#Solana #