Price Prediction for Solana: Can SOL Exceed 170 USD This Week?

Solana (SOL) is off to a strong start to the new week, showing promising signs of recovery after a tumultuous end in May. Based on the latest daily and hourly TradingView charts, SOL is trying to break out while resisting the overhead resistance level. With key moving averages tightening and bullish momentum looming, traders are watching closely to see if the SOL price can extend towards the $170–$180 zone. Here's an analysis of what the chart is telling us. Solana Price Prediction: Is SOL Preparing for a Short-Term Bounce Back?

The 1-hour chart for Solana price shows a clear bullish crossover on the MA Ribbon. The price is currently trading above the SMA 20, 50, 100, and 200, with the SMA 200 lagging behind at around $153.51. SOL is holding above the entire range, with the price at $158.75, indicating short-term bullish strength. It's worth noting that the Heikin Ashi candles are still printing green, but they are showing smaller candle bodies and longer upper wicks—indicating a temporary slowdown in the upside. However, the structure remains bullish unless SOL closes below the $153–$155 support zone. Fibonacci levels suggest short-term targets around $165, followed by $172. Using the base range of the hourly chart from $150 to $158, the Fibonacci extension of 1,618 is expected to be $171.65—completely within the attack distance if the buying volume increases. Does the Daily Chart Support a Bigger Breakout?

The daily chart shows a stronger, more structured development After dropping from the May high near $188, the SOL price has found support at the 100 SMA ($144.82), which is in line with the Fibonacci support levels. The recent rally from that zone pushed SOL back to $159.88, with a daily gain of +2.28%. Importantly, the SOL price is currently trying to flip the 20-day SMA ($160.29) and the 50-day SMA ($162.77) into support. This confluence creates a significant battleground between $160–$163. The daily close above this range could attract a new wave of buyers. If that happens, the next target is the 200 SMA at $176.33. Let's calculate quickly: If the price of Solana maintains an increase of 5 dollars per day ( as it has occurred in the past 24 hours) and breaks the resistance level of 163 dollars by midweek, then: $159.88 + ($ × 3 days) = $174.88 on Thursday, checking the 200 SMA and may cause FOMO among day traders. What are the important support and resistance levels to pay attention to? Immediate resistance is located at $160–$163, which includes short-term SMAs and recent price rejection zones. A successful breakout above this area opens up space towards $170 and then $176.Strong support is near $144 If the SOL price drops below $152 (vùng the giờ) 100 SMA, sellers could regain control and push the price back towards the $140–$145 level. The long-term bullish argument is only true if $140 remains the same as a baseline. Price Prediction for Solana: Will the price of SOL exceed 170 dollars this week? There is a pretty good probability. The hourly chart shows a short-term bullish continuation, while the daily chart shows a larger pattern forming that could lead to a breakout if the Solana price holds above the moving average cluster. The converging 20- and 50-day SMAs suggest that a possible "Golden Cross" setup is imminent—a historical bullish signal. Considering the momentum, Fibonacci targets, and the moving average momentum, a move towards the resistance level of $170–175 is feasible by the end of this week if BTC maintains above $100,000 and the overall sentiment of the cryptocurrency market remains positive. Final Thoughts The Solana price is not only recovering —but also showing technical signs of strength across both the short- and medium-term timeframes. If buyers defend the $155 level and flip the $160–163 level into support, we could see a breakout week. Traders should keep a close eye on volume spikes and confirm the 4-hour candle to keep an eye on this move. If $160 holds, the Solana price could rise to $171–$175 this week. However, if it fails to sustain $153, the SOL price may drop to $144. The risk is manageable, but the momentum is clearly shifting to the buyers.