SOL/USDT Analysis (1H Timeframe)

Solana has shown a strong bullish reversal from the support zone around $170, forming a parabolic curve pattern, which often indicates strong bullish momentum.

Trend: Bullish, with steep upward movement and consistent higher highs and higher lows.

Support: The breakout level near $176.65 can act as a new support if price pulls back.

Immediate Resistance: Price is currently testing the $177.67 – $179.93 supply zone. A breakout above this could push SOL towards the next resistance at $180.47, and eventually towards the $186 – $188 zone.

Bias: Bullish continuation is likely if the current resistance is broken with volume. However, temporary rejection or consolidation is also possible here.