Solana (SOL) is close to a key resistance level at $170, showing signs of a possible bullish breakout. The monthly chart reveals bullish signals like the MACD lines crossing and the RSI in overbought territory. As SOL approaches $170, both market sentiment and technical indicators suggest a bullish breakout may be imminent. Solana (SOL) seems poised to start a new bullish cycle, mirroring Bitcoin’s recent upward trend. Investors and analysts are closely watching as Solana nears the key resistance level of $170, which is only 10% away. A successful breakthrough at this level could mark the start of a bullish cycle for Solana, potentially leading to a retest of its previous all-time high of around $260. The monthly chart’s MACD histogram shows a positive trend, with bullish MACD lines and an overbought RSI. Currently, there are no indications of bearish divergence or other negative signals, which strengthens the possibility of a positive upward trend. The weekly chart for Solana displays mainly optimistic signs, such as the MACD histogram rising since the previous week and the MACD lines crossing in a bullish manner. Yet, if the RSI is in an overbought state, it could indicate a possible downward trend. If the price of Solana is rejected at the golden ratio level, it may see support around $99 and $60, with the 50-week EMA offering further support near $66.3. The daily chart shows a combination of both positive and negative indicators. While the MACD lines are still showing a bullish crossover, the MACD histogram is decreasing in a bearish trend and the RSI is indicating an overbought condition. Although there are concerns, the EMA’s golden crossover indicates a positive trend in the short and medium term for Solana. It is approaching the important resistance level of $170, leading to uncertainty about its future direction. Although the general market sentiment and numerous technical indicators are pointing towards a possible bullish breakout, the existence of conflicting signals in shorter time frames calls for careful consideration.