Solana (SOL) price prediction: Rebound meets resistance, follow key support and resistance.

SOL price rebounds and enters correction phase After successfully breaking through the $150 key psychological level, Solana (SOL) price followed Bitcoin and Ethereum to start a rebound trend. The cryptocurrency price of SOL once reached $152, entering a short-term bullish zone, and broke through the 50% Fibonacci retracement level of the downtrend from $160 high to $144 low.

$155-$156 USD resistance zone suppresses Rebound However, the bearish strength is exerting pressure near the $156 resistance level. They successfully prevented the price from breaking through the 76.4% Fibonacci retracement level of the same downward trend. Currently, the SOL price has retreated below $154, trading around $152, close to the 100-hour simple moving average. Notably, a critical bullish trend line is forming on the SOL/USD hourly chart, with support at $151.

Upside Potential and Key Resistance Levels

• Recent Resistance: $155 USD
• Main Resistance: $156
• Strong resistance zone: $160 USD
• Significance of Breakthrough: If the SOL price can strongly close above the $160 resistance zone, it may lay the foundation for a new round of steady upward movement, with the next key resistance targeting $162, and after breaking through, the target could be $165. This will be an important confirmation of the Solana bull market signal.

Downside Risks and Key Support Levels If the SOL price fails to effectively break through the $155 resistance, it may trigger a new round of decline.

• Initial Support: $150 region
• Main Support: $146
• Breakdown Risk: If the support at $146 is lost, SOL price may drop to the $142 area. If the $142 support is effectively broken, the price may further decline towards the $136 support level in the short term. Caution is required regarding Solana's rebound risk.

Interpretation of Technical Indicators

• Hourly MACD: The MACD indicator for SOL/USD is in the bullish zone, but its upward momentum is weakening.
• Hourly Chart RSI: The Relative Strength Index of SOL/USD (RSI) is currently below the neutral line of 50, indicating that short-term momentum is weak.

📌 Key Price Level Summary

• Main Support Levels: $150, $146 ( Focus on Solana Price Support Levels )
• Key Resistance Levels: $155, $160 ( pay attention to Solana price resistance levels, SOL breakout opportunities )