Solana Price Prediction for May 11: Can SOL Break Past $175? 📈
The Solana price recently experienced a significant surge, jumping over 20% to hit intraday highs around $176 before slightly cooling down at $172. This price movement allowed SOL to reclaim the 0.5 Fibonacci retracement level at $156 on the weekly chart, which previously served as a mid-cycle support.
This development now paves the way for a potential retest of the 0.382 Fibonacci level, suggesting further bullish momentum for Solana in the near term. The analysis focuses on whether Solana can surpass the psychological barrier of $175, hinting at the possibility of further price gains.
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