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