🤯Solana Price Skyrockets by 15%: Cryptocurrency Market Surges with SOL Momentum

🚀 Solana Price Starts Fresh Surge
Solana (SOL) formed a support base near $138 and initiated a strong uptrend, outperforming Bitcoin and Ethereum. It broke key resistance levels, including $150 and $155, surging to a new weekly high of $163.76. The price is currently consolidating gains above $160 and the 100 simple moving average (4 hours).

📉 Are Dips Supported in SOL?
If SOL struggles to surpass the $160 resistance, it might see a downside correction. Initial support levels are at $158 and $152. A break below $152 could lead to a test of $150, with further declines targeting the $138 support.

📊 Technical Indicators
The hourly MACD for SOL/USD is gaining momentum in the bullish zone, indicating potential further upside. The hourly RSI (Relative Strength Index) is above the 50 level, supporting the bullish sentiment.

⚠️ Key Levels
Major support levels for SOL include $158 and $152, while resistance levels to watch are at $165, $172, and $180. These levels will likely dictate the next major moves for Solana's price.