Solana (SOL) price prediction: long positions aim for the $200 mark, rise trendline builds key support.

Solana (SOL) has successfully launched a new round of pump after breaking through the $185 key resistance level, currently trading above $190 and holding above the 100-hour moving average. A bullish trend line is formed on the hourly chart (support at $190), and if it can effectively break through the $200 psychological and technical resistance zone, it is expected to open up upward space towards $212 and even $225. On the downside, the $188-$190 area constitutes an important defense line for long positions. This article will analyze the latest technical structure of SOL, key levels, and momentum indicators.

SOL Technical Analysis: Breakthrough Established, Focus on $200 Battle

• Current Trend: The SOL price has strongly rebounded from the $175 support area (in sync with Bitcoin and Ethereum), continuously breaking through the $180 and $185 resistance levels, establishing a short-term bullish pattern.
• Key Breakthrough: The price has held above $188** and the 100-hour simple moving average(100-hourly SMA), and has broken through the 50% Fibonacci retracement level(50% Fib retracement) from the $206 high to the $175 low.
• Support Level: The hourly chart clearly forms a bullish trend line (Bullish Trend Line ), currently providing dynamic support around $190.
• Resistance Above:
  • The recent resistance level is $195 (close to the 61.8% Fibonacci retracement level).
  • Key resistance area focused on the $200 level, which is a combination of previous fluctuation high points and psychological resistance.
  • A daily closing above $200 will strengthen bullish expectations, with the next target looking towards $212; if it continues to rise, it is expected to challenge $225.

Downside Risks: Key Support Defense Strategy

• If SOL fails to break through the $200 resistance level, it may face retracement pressure.
• Initial support: $190 (trend line level) and the $188 level form the first line of defense.
• Strong support area: $184 is an important support level, if it is lost, it may further test $175 (the starting point of this round of rebound).

Momentum Indicator: Overall Bullish Bias

• Hourly MACD: Located in the bullish zone (Bullish Zone) and the histogram momentum is strengthening, indicating short-term buying pressure is dominant.

• Hourly RSI: The Relative Strength Index is above the 50 level, indicating that the market still has upward potential and has not yet entered overbought territory.

• Key support levels: $190, $188

• Key resistance levels: $195, $200

  

Conclusion: Solana (SOL) successfully broke through $185 and held above $188, with the technical outlook showing a bullish dominance. The $190 trendline support and $188 level create a buffer for a short-term pullback, while the $200 integer level becomes a key battleground to determine the future market space. If it can break through and hold $200, it will greatly boost market confidence, with targets pointing to $212 and $225. Conversely, if it encounters resistance and falls back, close attention should be paid to the strength of the $188-$190 support zone; a loss of this level may lead to a retest of $184 or $175. Traders should combine MACD momentum changes with RSI overbought signals, focusing on the effectiveness of the $200 breakout and volume alignment, while also noting the influence of Bitcoin's market movements on SOL.