{"id":79594,"date":"2025-07-10T05:08:47","date_gmt":"2025-07-10T05:08:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=79594"},"modified":"2025-07-10T05:08:47","modified_gmt":"2025-07-10T05:08:47","slug":"solana-sol-spikes-to-160-will-bulls-power-past-this-wall","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=79594","title":{"rendered":"Solana (SOL) Spikes to $160 \u2014 Will Bulls Power Past This Wall?"},"content":{"rendered":"

Solana started a fresh increase above the $155 zone. SOL price is now consolidating gains and might struggle to rise above the $160 resistance.<\/em><\/p>\n

SOL price started a fresh upward move above the $150 and $155 levels against the US Dollar.
\nThe price is now trading above $152 and the 100-hourly simple moving average.
\nThere is a key bullish trend line forming with support at $155 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could start a fresh increase if it clears the $160 resistance zone.<\/p>\n

Solana Price Aims Higher<\/h2>\n

Solana price started a decent increase after it cleared the $152 resistance, like Bitcoin<\/a> and Ethereum<\/a>. SOL climbed above the $155 level to enter a short-term positive zone.<\/p>\n

However, the price is facing a major hurdle at $160 and $162. A high is formed at $159.24 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $148 swing low to the $160 high.<\/p>\n

Solana is now trading above $155 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $155 on the hourly chart of the SOL\/USD pair.<\/p>\n

<\/a><\/p>\n

On the upside, the price is facing resistance near the $160 level. The next major resistance is near the $162 level. The main resistance could be $165. A successful close above the $165 resistance zone could set the pace for another steady increase. The next key resistance is $178. Any more gains might send the price toward the $185 level.<\/p>\n

Another Decline in SOL?<\/h2>\n

If SOL fails to rise above the $160 resistance, it could start another decline. Initial support on the downside is near the $155 zone and the trend line. The first major support is near the $152 level or the 61.8% Fib retracement level of the upward move from the $148 swing low to the $160 high.<\/p>\n

A break below the $152 level might send the price toward the $145 zone. If there is a close below the $145 support, the price could decline toward the $136 support in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n

Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n

Major Support Levels \u2013 $155 and $152.<\/p>\n

Major Resistance Levels \u2013 $160 and $162.<\/p>","protected":false},"excerpt":{"rendered":"

Solana started a fresh increase above the $155 zone. SOL price is now consolidating gains and might struggle to rise above the $160 resistance. SOL price started a fresh upward move above the $150 and $155 levels against the US Dollar. The price is now trading above $152 and the 100-hourly simple moving average. There […]<\/p>\n","protected":false},"author":0,"featured_media":79595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79594"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79594"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/79595"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}