Solana Targets Further Gains After Surpassing Key Levels
- Solana (SOL) price increased above the $175 and $180 levels against the US Dollar.
- The price is currently below $200 and the 100-hourly simple moving average.
- A bullish trend line with support at $188 is forming on the hourly chart of SOL/USD.
- Resistance levels are near $198, $200, and potentially $205 for further gains.
- Initial support levels are at $190 and major supports at $182.
Solana has shown significant upward movement after finding support around the $155 zone, surpassing key resistance levels such as $180. The current bullish trend suggests potential further gains if SOL can break through the resistance near the $200 mark.
If Solana manages to close above the main resistance level of $205, it could pave the way for a continued increase towards higher targets like $212 or even beyond. Conversely, failure to overcome this resistance may lead to a decline towards lower support zones such as $175 or even down to $160 in a bearish scenario.Source
