Solana Price Surges 10%, Bulls Eye $200 Breakout
Solana price jumped almost 10% after bouncing from the $175 support zone. SOL price climbed past $180 and $190 on strong bullish momentum to reach a high of $199. The token now trades above the 100-hour simple moving average and the 23.6% Fibonacci retracement level. Immediate resistance stands at $200; a clear break could target $205 and $212. On the downside, support zones lie at $194, $186 (50% Fib) and $180. Hourly technical analysis underlines the rally: MACD is bullish and RSI sits above 50. Traders will watch for a decisive close above $200 to confirm a breakout and propel Solana toward the $220 mark.
Bullish
Solana’s near 10% rally and breach of key resistance levels signals continued bullish momentum. The break above the $178 trend line and strong performance on the MACD and RSI indicate sustained buying pressure. Historically, SOL has extended gains after similar consolidations above critical moving averages. A decisive close above $200 could trigger further upside toward $220, reinforcing the medium-term uptrend. While minor pullbacks at resistance are possible, the overall technical setup favors bulls, likely boosting market confidence and trading activity.