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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-surpasses-160-mark/" data-wpel-link="internal">Solana Surpasses $160 Mark</a><br></p>
<p style="text-align: justify"><strong>Solana</strong>, since November 2023, has become one of the notable altcoins in the <a href="https://en.coin-turk.com/why-are-crypto-prices-falling-latest-report-details/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a>. By starting a new rise above the $150 resistance, the SOL coin <img loading="lazy" loading="lazy" decoding="async" class="wp-image-352018 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/solana-3.png" alt="" width="1814" height="798"> <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> increased by approximately 15%. If Solana surpasses the $165 level, it may continue its rise.</p> 
<h2 style="text-align: justify" id="solana-surpasses-160">Solana Surpasses $160</h2> 
<p style="text-align: justify"><strong>SOL</strong> price tested the $163 resistance and is currently trading around $162. The hourly chart of the SOL/USD pair shows a break above a significant downtrend line at the $148 resistance level. However, if the pair cannot hold above $158, it is indicated that it could surpass the $165 resistance.</p> 
<p style="text-align: justify">Solana’s price recently formed a support base near the $138 level and entered a new upward trend. Performing better compared to Bitcoin and <strong>Ethereum</strong>, SOL moved into a positive zone above the $150 level. The pair managed to surpass the $155 resistance and rose above $162. A new weekly high was recorded at $163.90, and the price is currently consolidating gains.</p> 
<p style="text-align: justify">The immediate resistance level is around $165. The next significant resistance is near the $172 level. A successful close above the $172 resistance could pave the way for a larger increase for SOL. The next critical resistance level is around $180. Further gains could direct the price towards the $200 level.</p> 
<h2 style="text-align: justify" id="if-sol-coin-declines">If SOL Coin Declines!</h2> 
<p style="text-align: justify">If SOL cannot surpass the $165 resistance, it is likely to enter a downward correction. The initial support on the downside will be around $158, while a larger support could form around $152.</p> 
<p style="text-align: justify"><strong>Cryptocurrency</strong> SOL’s rise from the $141 low to the $164 high shows the 50% Fib retracement level at around $152. A move below this level could cause the price to test $150. If a close below the $150 support level occurs, the price could pull back towards the $138 support level in the near term.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/solana-surpasses-160-mark/" data-wpel-link="internal">Solana Surpasses $160 Mark</a></h5>

Solana Surpasses $160 Mark

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