Solana Eyes Potential Breakout Above $170 Amid Rising Volume and Momentum Toward $210 Target

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.