SOL 4H – Trendline Tested Again, Bounce Path in Play?

Solana continues to respect the ascending trendline, with multiple touches confirming it as key support. Price is currently trading near 189, while the 0.5 Fibonacci retracement at 182.8 provides the next major confluence level to watch.

Support levels: 182.8 (Fib 0.5), 176.4 (Fib 0.618), 167.2 (Fib 0.786)

Resistance: 195–200 zone (prior rejection)

Stoch RSI: Mid-range, leaving room for either continuation or deeper pullback

The drawn projection outlines a potential bounce path if buyers defend 182–185 and reclaim the 195–200 resistance. A breakdown below the trendline, however, could expose 176.