SOL Strong Return! Can it Reach New Price Highs Again?
After testing around $175 against the dollar, the SOL price began a new surge.
Now, the price has risen above $190 and has crossed the 100-hour simple moving average.
Looking at the hourly chart for the SOL/USD pair, the previous bearish trend line has been broken, with the resistance level at $185.
If the bulls can continue their momentum and break through the important level of $205, this currency pair is likely to start a new round of increases, continuing to rise.
Next, there is an important hurdle around $208. This number is interesting as it reflects a drop from a high of $228 down to a low of $175. However, don't rush; there’s another tough point at $215 waiting, where the resistance is quite significant.
But if SOL can push through and steadily hold above $220, that would be impressive, and it might initiate a new round of steady increases.
The next point we need to keep an eye on is $235. Once SOL breaks through this threshold, its momentum will be even stronger, possibly racing straight toward the target of $250! So, let's wait and see if SOL can overcome the challenges and achieve new successes!
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