Solana (SOL) is making waves, currently trading at $172.84. While down slightly in the last day, it's pushing towards a crucial level: $170. But can it break through and reach for the ambitious target of $1,000 by June?

Technical Analysis: Bulls vs. Bears

Looking at the 4-hour chart, the $171.79 pivot point is critical. If SOL can hold above this level, it can maintain its bullish momentum.

The bulls have their sights set on resistance levels at $176.66, $183.26, and even $188.53. However, the party might not last forever. The RSI, currently at 73, indicates the market might be overbought, suggesting a potential pullback.

On the flip side, immediate support sits at $165.72, with further safety nets at $156.75 and $151.08. If the price falls below the pivot point, these levels become crucial in preventing a steeper decline.

The Upward Battle: Can SOL Smash Through Resistance?

The good news? The charts show an upward channel supporting the bullish trend. However, resistance is building around $175. This trendline could act as a barrier for further gains.

The Verdict: All Eyes on the Pivot Point

Solana's future hinges on the $171.79 pivot point. If it stays above this level, the uptrend could continue. But a break below could trigger a sell-off, pushing the price down to the support levels.

Keeping a Close Eye on Key Levels

Traders should closely monitor these key levels as they will dictate Solana's next move. The RSI also warrants attention - a potential pullback could be on the horizon if overbought conditions persist.

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