Solana price prediction for May 10: Bulls push higher with eyes on $189
Solana price breaks $170 barrier as bulls extend post-wedge rally toward $189
Solana (SOL) price today is trading near $170.57, extending gains from the prior breakout and adding another +2.5% on the day. The move follows a clean break from a descending wedge formation visible on the 4-hour chart, which helped Solana reclaim both the $150 resistance and the 0.5 Fibonacci level at $156.23.
After consolidating just under $164 for a few hours, bulls pushed price past the $170 psychological barrier, reinforcing bullish dominance. The latest breakout has been accompanied by strong upside volume, validating the move and shifting sentiment toward a more aggressive bullish bias. Traders now look toward the $176–$179 zone and the larger $189.01 weekly resistance, the 0.382 Fibonacci retracement from the previous macro drop.
Solana price dynamics (March 2025 - May 2025) Source: TradingView.
Momentum holds firm as bulls defend breakout zone
Short-term momentum remains favorable. The 30-minute RSI, which briefly entered overbought territory, has reset toward neutral zones near 62, signaling the uptrend may continue with reduced volatility. On the 4-hour timeframe, RSI remains well above 70, confirming strong upward momentum.
MACD indicators continue to signal bullish control. The 4-hour MACD shows increasing histogram strength, while the 30-minute chart reveals minor flattening—suggesting temporary consolidation rather than reversal. The EMA stack remains firmly bullish, with the 20-EMA now rising toward $158.90, providing a key support level alongside the broader $156–$158 demand zone.
The Ichimoku Cloud analysis aligns with bullish continuation, as price remains well above the cloud with a clear Tenkan-Kijun crossover. Unless price dips back into the cloud or loses the $156–$158 support zone, the current rally remains structurally sound.
Solana price forecast for May 10: All eyes on $176 and $189 upside targets
Looking ahead to May 10, Solana’s bullish momentum is expected to continue if price sustains above $164–$165. The immediate target lies at the $176 resistance zone, with a break above likely paving the way toward $189.01—aligned with the weekly 0.382 Fibonacci retracement.However, if momentum fades and SOL breaks below $158, the next key support level is $150.04, with deeper retracement risk down to $148.92. That said, so long as SOL defends $158 and remains above its breakout wedge structure, the prevailing trend favors bulls.
In previous coverage, we identified $150–$156 as a critical cluster to watch. With this zone now decisively broken and higher lows forming, SOL continues to build strength for another leg higher.
