NewsBTC
Nov 10, 2025
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Solana Price Recovers Above $162 Faces Resistance at $172 Level

Solana (SOL) is experiencing a recovery wave, trading above the $162 pivot zone. The price is stabilizing and encountering resistance near $172.

  • SOL initiated an upward movement above $160 and $162 against USD.
  • Currently trading above $162 and the 100-hourly simple moving average.
  • Broke above a contracting triangle with resistance at $162 on the hourly chart.
  • Potential upward continuation if it surpasses $168 and $172.

Price Analysis

After falling below $150, SOL started recovering, similar to Bitcoin and Ethereum. It tested the $145 level before rebounding.

  • Moved past $155 and $162 resistance levels.
  • Spiked above the 50% Fib retracement from $188 high to $145 low.
  • Main resistance levels are $168, $172, and potentially $178 and $185 for further gains.

Solana Price

Potential Decline

  • If SOL fails to break $172, it may decline.
  • Initial support is around $162, with major support at $160.
  • A drop below $160 could lead to $155 and possibly $150.

Technical Indicators

  • Hourly MACD: Gaining pace in the bullish zone.
  • Hourly RSI: Above the 50 level.
  • Major Supports: $155 and $150.
  • Major Resistances: $168 and $172.