Solana Retests Breakout Zone Near $159, Eyeing Potential Move Toward $185 Targets

Key Points

1. Solana retested the breakout zone near $159 after surging to $166.77, with the Fibonacci golden pocket (0.786 level at $150.97) providing additional support.

2. Key Fibonacci extension targets for Solana are $166.77, $171.69, $179.01, and $185.28 if it holds above the breakout zone and reclaims $160 with increased volume.

3. Technical indicators, including a bullish MACD crossover and support from the 9-day and 21-day EMAs, reinforce the bullish sentiment despite a 1.99% pullback in the past 24 hours.

4. Solana's current price near $160.28 reflects a 9.08% weekly gain, with a potential continuation toward $185 if the breakout is confirmed.

5. The setup favors buyers aiming for the next rally leg, but sustainability of the bullish trend depends on holding key support levels.