Solana (SOL) has demonstrated significant bullish momentum this week after reclaiming the $162 level with an 10% price gain. The cryptocurrency saw trading volume surge 74% over 24 hours to $6.34 billion, signaling strong market conviction behind current upward movement.
Technical indicators suggest further upside potential remains, with the Relative Strength Index measuring 61 – comfortably below overbought territory. Market analyst Hailey LUNC observed SOL’s rebound from a key Fibonacci demand zone, establishing $206-$210 as a primary price target. This outlook remains valid barring a weekly close below $145.
The immediate resistance level lies at $170, which if decisively breached would open the path toward $184 and ultimately the $210 target zone. While failure to hold support at $157 could indicate bearish reversal, current volume patterns and momentum strongly favor continued bullish trend development in the near term.