Solana (SOL) Getting Ready for a Rally? Solana has held above $175. SOL's price is rebounding and encountering challenges at $200 and $205.

The SOL price rose after reaching $175 against the US dollar.
The price is above $190 and the 100-hour SMA.
SOL/USD broke a negative trendline with resistance at $185 on the hourly chart.
If the bulls break $205, the pair may rise again.
The price of Solana sees a rise
The price of Solana developed a solid base and rose from $185 like Bitcoin and MAthereum. A solid increase occurred above the barrier levels of $190 and $192.
SOL/USD broke a negative trendline with resistance at $190 on the hourly chart. Above $195, the pair challenged the 50% Fibonacci retracement level of the decline from the $228 high to the $175 low.
The price is currently encountering several obstacles approaching $200. Above $190 and the 100-hour simple moving average, Solana is being traded. At $202, the price faces resistance on the upside.
The next major hurdle is $208, the 61.8% Fibonacci retracement level from the swing high of $228 to the minimum decline of $175. The $215 resistance could be the key. A close above the $220 barrier could initiate another sustained rally. The next obstacle is $235. Further increases could push the price to $250.
SOL falling again?
SOL may fall again if it fails to break the barrier of $208. The downside has initial support at $195. Near $188 is the first major support.
A breach below $180 could push the price closer to $175. If the price closes below $175, it can drop to $162.
Technology indicators
SOL/USD hourly MACD is rising in the positive zone.
RSI schedule - RSI for SOL/USD is above 50.
Key support levels: $195, $188.
$208-$215 are the main resistance levels.
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