Today, Solana really took off, yet again soaring 20% past $176 before pulling back to $172. Fibonacci retracements could just hide somewhere in shame; SOL has forged a way over a major level! Now that the price has retaken $156, a level that recently acted as support, Solana will look to sweep away its next target. You can think of $156 as springboarding $SOL higher. After that? The $189 mark- $SOL is proving that this surge is not only a hype.
Solana price dynamics (Source: TradingView)
Now, that’s a bullish beast being unleashed by Solana! No more slow burn; now, this is rocket science. Having punctured a multi-week triangle, the 4-hour chart screams “takeoff.” Resistance? It is all history now. Solana has breezed past that $162-$167 barrier like it came in through an open door. This is more than just a breakout; this is a real power grab. The bulls are swallowing sell zones with utter technological might. Strap in; this rally is going to move.
Solana price spikes through EMA cluster, but key resistance looms
Solana price dynamics (Source: TradingView)
The 4-hour chart for Solana is screaming “bull run!”. Momentum strongly favors the bulls, and the price action is a textbook example of an uptrend. All EMAs of 20, 50, 100, and 200 are well positioned one over the other in that very order, confirming the great strength in this move. Be prepared for mayhem as the Bollinger Bands widen, providing increased volatility. Solana approaches $181 and if the bulls hold on to it, the price should reach the upper Bollinger Band within the next 24 hours.
Solana price dynamics (Source: TradingView)
But wait: the 30-minute chart is not so straightforward. The RSI, after flirting with overbought conditions, has now paused in this 57-region. And what about the MACD? The bullish bars in its histogram are definitely showing signs of losing steam-a possible pause there.
Expect a brief tug-of-war between $168 and $174 as the short-term momentum cools off. Cracking that $175-$176 ceiling won’t be easy. A descending trendline is acting like a stubborn gatekeeper, demanding serious volume to be shattered by the bulls.
Why Solana price going up today?
Solana price dynamics (Source: TradingView)
Solana’s rise is more than climbing; it is outright breaking out. After just breaking the $160 barrier, SOL ignited a chain reaction of buy orders. Consider dominoes falling, but this time with dollar signs. Key trendlines were crushed by bullish pressure, with backed-by-volume shouting, “We are here to stay.” And the cherry on top: Solana just leapt above its 50-day moving average for the first time since April, providing the most promising support to an already raging fire. Altcoin season is heating up, with Solana leading the pack.
The bulls taking charge have made a thundering comeback into the scene! Daily charts ominously speak of bullish revival by a commanding engulfing candle, thereby dissipating the sideways shuffle from last week. $167 is now the new warzone. Should it get bagged, the next target is $175. But really, if it can make it past $175, then the surge can go all the way to $189-who is at the golden 0.382 Fibonacci retracement amidst this measure. Watch out for this!
May 11 Outlook: Will Solana Maintain Its Momentum?
Solana price dynamics (Source: TradingView)
For Solana bulls, strap yourself in. The $175-$176 wall looms: a major resistance that stands in the way of SOL jumping to $181 and perhaps $189. Upon smashing this resistance, the bulls would run freely. But remember, a rejection here could push prices into a retreat. The $162-$167 zone needs to be watched closely; now, it’s the last lintel in defense. Once that gets breached, then we slide down towards testing $155, and if the bears fully hand in, to $147. For now, all the indicators whisper of bullish momentum…but vigilantly. The fight is far from over.
Back for Solana, baby! Remember that $155 cliffhanger? Consider it conquered. Bulls have not only defended but are in the process of planting their flag. EMAs are singing in harmony, and the RSI still has some pep in its step. For now, the Solana story remains set in green.
Solana Price Forecast Summary
| Timeframe | Key Support Zones | Key Resistance Zones | Indicators Outlook |
| Intraday | $167 / $162 | $175 / $181 | RSI neutralizing, MACD bullish |
| Daily | $155 / $147 | $189 / $229 | Momentum bullish above EMAs |
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