Solana (SOL) has shown a strong bullish surge, surpassing the $180 mark and testing the $185 resistance level. The next major breakout level for Solana price would be $200. While it is certainly achievable, the timing of when to expect it is uncertain.
Currently, Solana is trading above the $177 level and the 100-hour simple moving average, indicating a bullish trend. The bullish trend line with support at $176 on the hourly chart is crucial. If Solana price fails to break above the $185 resistance, a downside correction may occur. The initial support on the downside is near the $180 level, followed by a major support at $176.
Technical indicators suggest bullish momentum, with the MACD for SOL/USD gaining momentum in the bullish zone and the RSI above the 50 level, indicating strength.
In terms of resistance levels, the immediate resistance is around $185, followed by $188. Successfully closing above the $188 level could pave the way for further steady increases. The next significant resistance level is around $192, with the potential for gains to drive the price toward the $200 mark.
In summary, while Solana has achieved a remarkable increase and surpassed the $180 mark, reaching $200 will depend on continued bullish momentum and breaking through key resistance levels. It is difficult to determine when exactly $200 will be reached, but with the current positive trend, it is a possibility in the near future.