Can Solana break past $176 after 17% surge?

Solana has surged 17% from its recent support level, rallying off a strong confluence zone at $143. Now, price action faces a critical test at the $176 resistance. Whether Solana breaks through or rejects from here could define its next major move. After a sharp rebound from a high-confluence support zone, Solana ( SOL ) is now trading near a crucial resistance level that could determine its short-term direction. The rally off the $143 level, supported by the 0.618 Fibonacci retracement and weekly support, has brought price into a region packed with multiple overhead resistances, including the point of control, the daily supply/resistance level, and the upside 0.618 Fibonacci retracement near $176. Key technical points Strong Bounce from $143 Support: Price rebounded 17% after holding the 0.618 Fibonacci and weekly support zone. $176 Resistance Cluster: Price is now approaching a high-confluence resistance region — POC, upside Fibonacci, and daily SR. Range Risk or Breakout Potential: A rejection could lead to consolidation, while a breakout would signal continued bullish momentum. SOLUSDT (4H) Chart, Source: TradingView Solana’s recent price behavior has been technically clean. The bounce from the $143 level was textbook, reacting strongly to the 0.618 retracement zone, which was also reinforced by high-timeframe weekly support. This confluence triggered a sharp bullish reaction, resulting in a 17% gain that now brings Solana into a complex resistance area. Currently, price is testing a major cluster of resistance around the $176 mark, which includes: The point of control (highest volume traded area), The upside 0.618 Fibonacci retracement from the previous swing, A significant daily support/resistance flip. This region presents a key decision point. A break above $176 with conviction would likely extend the bullish trend, potentially triggering an accelerated move toward higher targets. However, a rejection at this level may simply lead to a healthy pullback, potentially forming a higher low and preserving the uptrend structure. You might also like: Best crypto to buy after U.S. – China trade truce If the rejection is more severe and volume fails to hold, Solana could slip back into the $143–$176 range, which has defined much of its recent high-timeframe price action. What to expect in the coming price action Solana is at a technical crossroads. A clean break above $176 could ignite further upside momentum, while failure to clear this level may suggest continued consolidation within the $143–$176 range. How price reacts here will shape the next leg. Read more: Ravencoin price rises as golden cross pattern nears