#Solana prices exhibit notable strength amid overall market upward pressure.
$SOL price maintains an uptrend, reversing from a longstanding support trendline.
The bull run exceeds the $200 mark but encounters a recent dip to the $125 support trendline.
Strong demand at the $120 support zone and the 50% Fibonacci level reinforce the bull run, resulting in a 25% price surge in the last 7 days.
On the 4-hour chart, $SOL/USDT breaks out of the bearish channel, signaling short-term bullish momentum.
A double-bottom pattern emerges, with price finding support around the $120 zone and a neckline identified at $160.
With the unbroken bullish trend, #Solana aims to surpass $200 by breaching the double bottom neckline.
According to Coingabbar analysis, If bulls fail to breach the neckline, a reversal from $160-$165 could retest $150 or $135 supports.
KEY LEVELS :
RESISTANCE LEVEL : $163-$168
SUPPORT LEVEL : $152-$146
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