Solana (SOL) price prediction: RSI bullish signals appear, may challenge the psychological barrier of 180 USD.

The popular altcoin Solana (SOL) has started a steady rebound since August 2nd. Despite weak performance earlier, the coin price has now accumulated a rise of nearly 10%, currently reported at $171.91. Technical indicators show that market sentiment has turned positive, with the bullish balance indicator (BoP) showing strong bullish momentum, and the relative strength index (RSI) continuously climbing, signaling buy opportunities. SOL is approaching the key resistance level of $176.33, and a breakout could open up the altcoin pump channel towards the psychological barrier of $180.

(The price of SOL is recovering with enhanced momentum, and all technical indicators have turned bullish) The SOL/USD daily chart shows bullish momentum gradually building up. Key indicators are releasing positive signals:

(SOL BoP | Source: TradingView)

1. Balance of Power Indicator ( BoP ) currently reported at 0.76: This indicator measures the comparison of buying and selling forces in the market, with values fluctuating between -1 and +1. A positive value indicates that buyers dominate the market (price closes at the top of the range). The current BoP for SOL is in an upward trend and significantly above the zero axis, confirming that bulls have taken control of the market, providing strong support for the continuous rebound of SOL coin prices.
2. Relative Strength Index ( RSI ) rises to 51.65: This momentum indicator continues to climb, now breaking through the neutral line (50 level), indicating that buying pressure is steadily increasing and there is ample room for upward movement (not yet in the overbought zone). The RSI value ranges from 0-100, below 30 indicates oversold, and above 70 indicates overbought. The current reading of 51.65 confirms that SOL's rebound momentum is solid.

( Key Resistance at the Doorstep: $176.33 Becomes the Bull-Bear Watershed ) The SOL price is approaching a decisive technical level:

• Upside Breakout Scenario: If buying pressure continues to strengthen and successfully breaks through the 176.33 USD immediate resistance level, it may quickly hit the 180 USD psychological barrier (approximately 1220 RMB), opening up greater upward space for SOL. This scenario requires an increase in trading volume to validate the effectiveness of the altcoin breakout.
• Pullback Risk Warning: If market sentiment shifts or profit-taking pressure resurfaces, leading to a bearish rebound, SOL may retract to test the $158.80 support level, erasing recent gains. Investors should be wary of the volatility risks in the cryptocurrency market.

Conclusion: The technical indicators have completed the bottoming formation, and Solana is poised to challenge the key resistance. The recent rebound of nearly 10% marks the completion of a phase of bottoming for Solana. The balance indicator ( BoP ) has strongly turned positive and the RSI has steadily risen, creating a technical resonance that provides solid support for the price of SOL. The current focus has shifted to the defensive battle at the resistance level of $176.33—successfully breaking through this will establish a stronger upward trend and attract more altcoin investors to push the price higher. Although the risk of a pullback still exists, the improvement in technical structure and the recovery of market sentiment make SOL a potential target worth paying attention to in the public chain sector in the short term. Investors can closely monitor changes in trading volume and the situation regarding the breakthrough at $176.33 to seize the opportunity for swing trading Solana ecosystem tokens.