Solana Price Consolidates Gains Above $172, Eyes Resistance at $176
Solana (SOL) Price Analysis
- SOL price increased above $155 and $162.
- Current consolidation near $175, facing resistance at $176 and $180.
- A short-term rising channel forms with support at $172.
- Initial support levels are at $172 and $170; major support at $162.
- A break below $170 may lead to a decline towards $150.
- The bullish momentum is indicated by the hourly MACD and RSI above 50.
Overall, SOL's next major resistance is at $185, which could lead to further gains toward $200 if surpassed.