Solana (SOL) Price Prediction: Strong Rebound of Nearly 10%! Breaks Downtrend Line, Key Resistance at $200 Becomes the Battleground for Bulls and Bears.

Solana (SOL) price has strongly rebounded from the key support level $175 area, with an increase of nearly 10% in the past 24 hours, currently trading above $192 and holding above the 100-hour moving average. The hourly chart successfully broke through the $178 bearish trend line resistance, briefly reaching a high of $199. If it can effectively break through the key resistance area of $200-$205, SOL is expected to start a new round of bullish momentum targeting $212 or even $220. Below, attention should be paid to the support strength at $194 and $186 (50% Fibonacci retracement level), with a drop below $180 or a retest of $175. MACD bullish momentum is strengthening, and RSI is stabilizing above 50, with a technical bias towards bullish.

【Price Breakthrough | Hourly Chart Forms Bullish Structure】 Solana (SOL) successfully launched a new round of rise after stabilizing at the $175 key support area (in sync with Bitcoin and Ethereum). The price continuously broke through the psychological levels of $185 and $190, entering a short-term technical bullish zone. A significant technical breakout occurred on the hourly chart: the SOL/USD trading pair (data source: Kraken) successfully broke the bearish trend line connecting the $178 resistance. The bulls then made a push to conquer the $195 resistance level, reaching a maximum of $199. The current price is consolidating above $192 and is firmly positioned above the 100-hour simple moving average (SMA), while also holding above the 23.6% Fibonacci retracement level from the swing low of $173 to the swing high of $199, indicating that the bulls are in control.

[Upward Potential | Breaking $200 Opens Up Greater Rise] The current primary resistance faced by SOL is at the $200 psychological level. If the bulls can effectively push the price above this level, the next important resistance will move to the $202 area. The $205 resistance zone is considered a key pivot; successfully closing above this price will lay the foundation for SOL to continue a steady rise, with the next key target pointing to $212. If it can sustain breakthroughs, it is expected to challenge the $220 level. On-chain data and the flow of funds in the derivatives market indicate a resurgence of institutional buying interest.

【Downside Risk | Key Support Level Defense Strategy】 If SOL fails to successfully break through the $200 resistance, a pullback may occur. The following key support levels need to be monitored for a downward movement:

• Initial support: $194 - The lower edge of the current consolidation range.
• Key support: $186 - This level also corresponds to the 50% Fibonacci retracement level of the rise from the low of $173 to the high of $199, which is technically significant.
• Strong support zone: $180 - Psychological level and previous breakout point. If it is lost, it may further test the rebound starting point at $175 area.

【Technical Indicators | Momentum Indicator Supports Bullish】

• Hourly MACD: The MACD indicator for SOL/USD is in the bullish zone and the momentum bars are continuously increasing, indicating that upward momentum is building.
• Hourly RSI (Relative Strength Index): Currently holding above the 50 level, indicating that the market remains in a bullish trend in the short term, with no signs of overbought.

Key support levels: $194, $186, $180, $175 Key resistance levels: $200, $202, $205, $212, $220

Conclusion: SOL's strong rebound from the $175 support area (+10%) and the effective breakout of the bearish trend line on the hourly chart inject significant bullish momentum into the short-term technical structure. The current focus of the bulls and bears has shifted to the $200-$205 key resistance area, with a successful breakout opening up upward space to $212 and even $220. Technical indicators (MACD momentum increasing, RSI stabilizing above 50) support the continuation of the upward trend. Traders need to closely monitor the outcome of the contest at the $200 level, while considering $186 (50% Fibonacci retracement) as a short-term dividing line between bulls and bears. If it bounces back and stabilizes at this support, it can be seen as a buying opportunity; conversely, if it falls below $180, one should be cautious of the risk of a deeper pullback to $175. The breakthrough direction of SOL may lead the overall sentiment in the altcoin sector.