{"id":5513,"date":"2025-07-10T17:00:35","date_gmt":"2025-07-10T17:00:35","guid":{"rendered":"https:\/\/coinstrend.net\/blog\/solana-sol-spikes-to-160-will-bulls-power-past-this-wall\/"},"modified":"2025-07-10T17:00:35","modified_gmt":"2025-07-10T17:00:35","slug":"solana-sol-spikes-to-160-will-bulls-power-past-this-wall","status":"publish","type":"post","link":"https:\/\/coinstrend.net\/blog\/solana-sol-spikes-to-160-will-bulls-power-past-this-wall\/","title":{"rendered":"Solana (SOL) Spikes to $160 \u2014 Will Bulls Power Past This Wall?"},"content":{"rendered":"<p><em>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<ul>\n<li>SOL price started a fresh upward move above the $150 and $155 levels against the US Dollar.<\/li>\n<li>The price is now trading above $152 and the 100-hourly simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support at $155 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 $160 resistance zone.<\/li>\n<\/ul>\n<h2>Solana Price Aims Higher<\/h2>\n<p>Solana price started a decent increase after it cleared the $152 resistance, like Bitcoin and Ethereum. SOL climbed above the $155 level to enter a short-term positive zone.<\/p>\n<p>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<p>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<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-786247\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/Solana_07b595.png?resize=1024%2C479\" alt=\"Solana Price \" width=\"1024\" height=\"479\" \/><\/p>\n<p>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<h2>Another Decline in SOL?<\/h2>\n<p>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<p>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<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 $155 and $152.<\/p>\n<p>Major Resistance Levels \u2013 $160 and $162.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5514,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152],"tags":[177,178,227,228,192,153],"class_list":["post-5513","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:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/5513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/comments?post=5513"}],"version-history":[{"count":0,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/5513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media\/5514"}],"wp:attachment":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media?parent=5513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/categories?post=5513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/tags?post=5513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}