Solana Price: Breakout Alert – Is a Major Move on the Horizon?

Solana (SOL) is currently hovering around $174, testing its short-term resistance level. Recent dips below its 50 and 100-period moving averages are being countered as buyers seek support in the crucial $171 zone, bolstered by a robust 200 SMA on the hourly chart. This suggests a brewing breakout may be imminent.