Solana (SOL) Price Analysis: After breaking through $150, it encounters resistance at $155, what is the risk of a pullback?

Question

**SOL rises after breaking through but encounters resistance**After successfully breaking through the **$150 key resistance level**, Solana (SOL) price has started a steady rise following Bitcoin and Ethereum. SOL has climbed above **$152**, entering a short-term bullish zone, and has successfully stood above the **50% Fibonacci retracement level** (which is calculated based on the drop from the $160 swing high to the $144 low).However, the bears are once again gaining momentum near the **$156 resistance area**. They successfully prevented the price from breaking through the **76.4% Fibonacci retracement level** (calculated based on the same swing highs and lows). Currently, the **SOL price is correcting downwards**, trading below **$154**, and is hovering around **$152 near the 100-hour moving average**. Notably, a key bullish trend line is forming on the **SOL/USD hourly chart**, with support at **$151**.![](https://img.gateio.im/social/moments-87a9b3933a-7f6b52b18f-153d09-7649e1)**Key Resistance Level Above*** **Immediate resistance level: $155*** **Next major resistance level: $156*** **Key Resistance Zone: $160****SOL Bull Target**: If it can strongly close above the **$160 resistance zone**, it may lay the foundation for SOL to begin a new round of steady rise, **the next key resistance level is at $162**. Continued breakthroughs may drive the **SOL price to test the $165 area**.**Will SOL start a new round of decline?**If **SOL fails to effectively break through the $155 resistance**, it may face **retrace risks**.* **Initial support level: $150 area*** **First major support level: $146** If **the support at $146 is broken**, the price may accelerate down towards the **$142 area**.If the **closing price effectively breaks below $142**, then the **short-term trend of SOL** may further test the **$136 support level**.**Technical Indicator Insights ( Hour Chart )*** **MACD**: The MACD for SOL/USD is still in the **bullish zone**, but the **upward momentum is weakening**.* **RSI**: The RSI for SOL/USD is currently **below the 50 level**, indicating a weak short-term momentum.**Key Support and Resistance Summary*** **Main support levels: $150, $146** ( Focus on **SOL short-term trading** opportunities )* **Main Resistance Levels: $155, $160** ( breakthrough requires **crypto market** buying support )