Solana Bulls Test Resistance at $164 Amid Renewed Strength

Solana's price has regained bullish momentum after successfully defending its $137 support level. Buyers have stepped in to protect this key zone, driving the price upward as it targets the $164 resistance level.

The renewed strength also brings the 100-day Simple Moving Average (SMA) into focus, a critical barrier that could determine whether SOL extends its rally. A successful breakout above both levels might confirm a stronger recovery, triggering a rally toward the $211 resistance zone.

The Moving Average Convergence Divergence (MACD) indicator is signaling a potential shift in momentum, with the MACD line approaching a crossover above the signal line. This classic indication of improving buying pressure suggests bullish forces are gaining traction.