Solana Eyes Potential Breakout Above $170 Amid Rising Volume and Momentum Toward $210 Target
2025-07-15 05:41:53
Main Idea
Solana's price is showing potential for a breakout above $170, supported by rising trading volume and bullish technical indicators, with a target of $210 if key resistance levels are breached.
Key Points
1. Solana has reclaimed the $162 level with a 10% weekly gain and a 74% increase in 24-hour trading volume, reaching $6.34 billion.
2. The Relative Strength Index (RSI) at 61 suggests room for further upward movement without being overbought.
3. Analyst Hailey LUNC notes Solana's rebound from a Fibonacci demand zone, targeting $206 to $210, but warns that a weekly close below $145 could negate this outlook.
4. Breaking the $170 resistance could pave the way for a rally toward $210, with intermediate resistance at $184.
5. Failure to maintain support above $157 could indicate a reversal, but current momentum and volume suggest a bullish trend.
Description
Solana (SOL) demonstrates strong bullish momentum as it trades above $162, with traders eyeing a breakout above $170 to target $210 next. Trading volume surged by over 74% in 24
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