<ul><li>Solana's price has bounced off a key support level around $168, indicating a promising recovery after a recent downtrend.</li><li>The current trading position of SOL above the 5-day and 10-day moving averages suggests bullish price action and potential upward momentum.</li><li>The bullish crossover in the MACD and the RSI approaching neutral levels further support the case for continued upward movement in SOL's price.</li><li>Solana is approaching a key breakout point from a broadening wedge formation on the 4-hour chart, indicating increased volatility and the potential for an upward breakout towards key resistance levels at $215, $228, $243, and $265.</li></ul>

Solana Poised For Upside Move After A Bounce From $168 – See Why

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