Related Articles
After a brief dip, Solana is back in the green, surging past $132! But the bulls aren’t out of the woods yet. SOL is currently in a holding pattern, bracing for a battle near the $145 resistance. Will it break through, or will the bears regain control? Stay tuned!
- SOL price started a decent recovery wave above $135 and $140 against the US Dollar.
-
The price is now trading above $140 and the 100-hourly simple moving average. SOL surges past $140, shattering a major bearish ceiling on Kraken! The bulls are officially in control, ripping through a stubborn downtrend line that had been holding SOL/USD hostage.
-
The price could continue to move up if it clears $145 and $150.
Solana Price Aims Higher Levels
Solana defied market trends, staging a robust comeback above $130 and outperforming both Bitcoin and Ethereum. Surging past the $135 mark, SOL ignited a spark of bullish momentum.
SOL’s bulls broke free! After battling to overcome the 23.6% Fibonacci hurdle from its $172 peak to $129 bottom, SOL bulls smashed through a crucial downtrend line on the hourly chart, previously acting as a ceiling around $140.
Solana’s breaking free, soaring past $140 and dancing above the 100-hour moving average. Bulls are eyeing $145 as the first hurdle, but the real prize? That $150 mark is shimmering on the horizon.
$155 stands as the critical gatekeeper. Smash through it, and we’re primed for a sustained surge. This level aligns perfectly with the 61.8% Fibonacci retracement, marking the territory between the high of $172 and the recent low of $129. Conquer $155, and eyes shift to $165, the next major hurdle. Clear that, and a return to $172 feels inevitable.
Another Drop In SOL?
Solana’s rally hits a wall at $150. Will it crumble? Keep a close watch. A fall below could trigger a descent, with $138 offering the first line of defense. Brace for impact if that level breaks; $135 is the next safety net.
“$135 stands as a fragile line in the sand. Should it crack, anticipate a slide toward the $128 safety net. But beware: if $128 buckles under the pressure, the price could plummet toward the $120 abyss with surprising speed.”
Technical Indicators
Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.
Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.
Major Support Levels – $138 and $135.
Major Resistance Levels – $150 and $155.
Thanks for reading Solana (SOL) Aims Recovery Run $155 Resistance Now Back in Focus
