Solana started a fresh increase above the $155 zone. SOL price is now consolidating gains and might struggle to rise above the $160 resistance.

SOL price started a fresh upward move above the $150 and $155 levels against the US Dollar.
The price is now trading above $152 and the 100-hourly simple moving average.
There is a key bullish trend line forming with support at $155 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could start a fresh increase if it clears the $160 resistance zone.