{"id":5529,"date":"2025-05-22T13:00:32","date_gmt":"2025-05-22T13:00:32","guid":{"rendered":"https:\/\/coinscap.info\/blog\/solana-sol-aims-higher-with-strong-buyer-support-next-stop-200\/"},"modified":"2025-05-22T13:00:32","modified_gmt":"2025-05-22T13:00:32","slug":"solana-sol-aims-higher-with-strong-buyer-support-next-stop-200","status":"publish","type":"post","link":"https:\/\/coinscap.info\/blog\/solana-sol-aims-higher-with-strong-buyer-support-next-stop-200\/","title":{"rendered":"Solana (SOL) Aims Higher With Strong Buyer Support, Next Stop $200?"},"content":{"rendered":"<p><em>Solana started a fresh increase from the $165 zone. SOL price is now gaining pace and might aim for more gains above the $180 zone.<\/em><\/p>\n<ul>\n<li>SOL price started a fresh increase above the $170 level against the US Dollar.<\/li>\n<li>The price is now trading above $172 and the 100-hourly simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $170 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh increase if it clears the $180 resistance zone.<\/li>\n<\/ul>\n<h2>Solana Price Rises Above $172<\/h2>\n<p>Solana price formed a base above the $165 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $170 and $172 resistance levels.<\/p>\n<p>The bulls even pushed the price above the $175 level. A high was formed at $177.50 and the price is now consolidating gains above the 23.6% Fib retracement level of the recent wave from the $165 swing low to the $177.50 high.<\/p>\n<p>Solana is now trading above $172 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $170 on the hourly chart of the SOL\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-756332\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Solana_13d236.png?resize=1024%2C479\" alt=\"Solana Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>On the upside, the price is facing resistance near the $178 level. The next major resistance is near the $180 level. The main resistance could be $185. A successful close above the $185 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level.<\/p>\n<h2>Another Decline in SOL?<\/h2>\n<p>If SOL fails to rise above the $180 resistance, it could start another decline. Initial support on the downside is near the $174.50 zone. The first major support is near the $172 level or the 50% Fib retracement level of the recent wave from the $165 swing low to the $177.50 high.<\/p>\n<p>A break below the $172 level might send the price toward the $170 zone and the trend line. If there is a close below the $170 support, the price could decline toward the $162 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $172 and $170.<\/p>\n<p>Major Resistance Levels \u2013 $178 and $180.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana started a fresh increase from the $165 zone. SOL price is now gaining pace and might aim for more gains above the $180 zone. SOL price started a fresh increase above the $170 level against the US Dollar. The price is now trading above $172 and the 100-hourly simple moving average. There is a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5530,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92],"tags":[126,127,191,192,142,94],"class_list":["post-5529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/5529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/comments?post=5529"}],"version-history":[{"count":0,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/5529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media\/5530"}],"wp:attachment":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media?parent=5529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/categories?post=5529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/tags?post=5529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}