Solana Price Prediction for May 11: Can SOL Break Past $175?

Description

The Solana price today surged over 20%, hitting intraday highs near $176 before cooling off slightly around $172. On the weekly chart, SOL has convincingly reclaimed the 0.5 Fibonacci retracement level at $156, a zone that previously acted as a mid-cycle support. This reclaim now opens the door for a possible retest of the 0.382 Fib level at $189 — the next major resistance barrier in Solana’s recovery arc. Solana price dynamics (Source: TradingView) The Solana price action is being driven by a ...