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Recently, the performance of Solana (SOL) in the crypto assets market has been noteworthy. Currently, SOL is testing the key resistance level of $182.63, and a breakthrough at this level could trigger further pumps. Technical analysis shows that the range of $151 to $167.42 constitutes important support, which coincides precisely with the 50% Fibonacci retracement level and the 138.2% Fibonacci extension level.
If SOL can break through the $190 resistance level, it may push the price towards $220 or even higher levels. It is worth noting that some market analysts are optimistic, believing that SOL has already broken through the resistance of the bear market over the past six months, and it is expected to continue to pump to around $260, forming a typical bullish 'cup and handle' pattern.
However, investors should remain vigilant. Recently, SOL rebounded from a low of $170-$172, but the Relative Strength Index (RSI) is about 47, indicating that the upward momentum may be weakening. This suggests that there may be some consolidation or pullback in the short term.
Overall, the price trend of SOL is at a critical moment. A breakthrough of the current resistance level may trigger a new round of pump, while failure could lead to a pullback to the support level. Investors should closely monitor the price performance in the $182.63 to $190 range, as this could determine the short-term direction of SOL. At the same time, broader market conditions and macro factors should also be considered, as these could have a significant impact on the price of SOL.