#SOL突破170美元# Solana (SOL) remains stable within a narrow range, and Solana has started a new round of rise from the $160 area.

The SOL price is currently consolidating its rise and may aim for further increases above the 172 dollar region.
The SOL price against the US dollar has started to pump again, rising above $165. The current price is above $168 and the 100-hour simple moving average. On the SOL hourly chart, it has broken through the connecting bearish trend line, with resistance at $167.
If it breaks through the resistance zone of 172 dollars, a new round of pump may begin. The Solana price has formed a bottom above the support level of 160 dollars, and the price has clearly broken through the 50% Fibonacci retracement level of the downward trend from the fluctuation high of 177 dollars to the low of 160 dollars.
In addition, on the SOL hourly chart, the price has broken through the resistance level of $167, which connects the bearish trend line. However, the bears are active around the resistance level of $172. The 76.4% Fibonacci retracement level from the downward movement of the high at $177 to the low at $160 constitutes a resistance level.
Solana is currently trading above $168 and the 100-hour simple moving average. On the upside, the price faces resistance near $172. The next major resistance level is around $176. The primary resistance level may be at $180. If it successfully closes above the $180 resistance level, it may lay the groundwork for the next round of steady rise.
The next key resistance level is at 192 dollars. If the price continues to rise, it may reach the level of 200 dollars.
If SOL fails to break through the resistance level of $172, it may trigger a new round of decline. On the downside, the initial support level is around $168. The first major support level is around $165. A drop below the $165 level could push the price down towards the $162 area. If the closing price falls below the $162 support level, the price may drop towards the $150 support level in the short term.
The technical indicators show that the hourly MACD is losing momentum in the bullish zone. The hourly RSI (Relative Strength Index) is above the 50 level.
Main support levels - $165 and $162. Main resistance levels - $172 and $176. In the current market environment, short-term trading is a good option!