Solana's price has been on a remarkable upward trajectory, breaking through the $175 barrier with a 10% increase. This positive trend suggests that SOL might continue its ascent if it can surpass the $188 hurdle.

The SOL price has seen a significant jump, testing the $188 resistance against the US Dollar. It is currently trading above $180 and the 100-hour simple moving average. A key bullish trend line is forming, with support at $175 on the hourly chart of the SOL/USD pair. If SOL fails to stay above $175, it might not clear the $188 resistance.

Solana's price formed a support base near $166 and started a new surge. Following the recent increases in Bitcoin and Ethereum, SOL has entered a positive zone. The price moved above the $175 and $180 resistance levels, even testing the $188 resistance. A high was formed at $188.00, and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $166 swing low to the $188 high.

Solana is now trading above $188 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $175 on the hourly chart of the SOL/USD pair. Immediate resistance is near the $185 level, and the next major resistance is near the $188 level. A successful close above the $188 resistance could lead to another significant increase, with the next key resistance near $195. Any further gains might push the price toward the $200 level.

If SOL fails to rally above the $188 resistance, it could start a downward correction. Initial support on the downside is near the $182 level, and the first major support is near the $178 level and the trend line. The 50% Fib retracement level of the upward move from the $166 swing low to the $188 high is also at $178, below which the price could test $175. If there is a close below the $175 support, the price could decline toward the $166 support in the near term.

The hourly MACD for SOL/USD is gaining pace in the bullish zone, and the hourly RSI (Relative Strength Index) for SOL/USD is above the 50 level. Major support levels are at $158 and $152, while major resistance levels are at $165, $172, and $180.