Solana (SOL) recently swept key support levels but has shown signs of recovery, sparking hopes of a bullish rebound. With SOL currently testing resistance, the big question remains—can bulls push the price back to $185 by Friday?
Solana’s Recent Price Action
SOL recently dropped to $165, sweeping liquidity from lower levels before bouncing back above $175. This liquidity grab suggests that large buyers may have stepped in, absorbing selling pressure and setting the stage for a potential move higher.
Key Levels to Watch
🔹 Support: $165 – $170 (recent lows)
🔹 Resistance: $180 – $185 (critical for bullish breakout)
Bullish Case for $185+
✅ Strong Recovery Momentum: If SOL holds above $175, bulls could attempt a push toward $185.
✅ Market Sentiment: A broader crypto market recovery, led by Bitcoin, could provide tailwinds.
✅ Volume & Breakout: A decisive close above $180 with strong volume could confirm a bullish trend.
Bearish Risks
⚠️ Rejection at $180: If SOL fails to break resistance, it could retest support at $170.
⚠️ Weak Market Conditions: If BTC struggles, SOL might lack the strength to push higher.
Conclusion
Solana has recovered from recent lows, but to hit $185 by Friday, bulls need to break $180 with strong volume. Will SOL rally or face another pullback? Let’s watch the price action! 🔥📈
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