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Solana Surges Toward $200 as Bulls Push to Break Key Resistance

Rising trading volume paired with bullish hourly indicators suggests a decisive breakout on a clear move above $200.

SOL
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Overview

  • SOL surged from its $175 support to clear $185 and $190 resistance, marking nearly 10% gains
  • The token is trading above $192 and the 100-hour simple moving average after breaking its bearish hourly trendline
  • Immediate resistance stands at $200 with bulls eyeing a break that could open targets at $205, $212 and $220
  • Hourly MACD has accelerated into the bullish zone while the RSI sits above 50, signaling renewed upside momentum
  • Concentrated short-liquidation clusters near $190 and thin overhead supply above $189 raise the likelihood of a rapid squeeze on a decisive breakout