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Solana Rockets Past $150 – Is $180 Next?
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Solana's price has taken off, surpassing the $150 mark and showing signs of potentially testing $180 in the near future. After finding support above the $130 zone, the price has experienced a fresh rally, with notable gains above $135 and $145.
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Similar to Bitcoin and Ethereum, Solana has seen a surge of almost 10%, breaking through the $150 level. The bulls have been successful in pushing the price above the 76.4% Fibonacci retracement level, which measures the downward movement from the swing high of $152.86 to the low of $137.25.
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Currently, Solana is trading above $150 and the 100 simple moving average on the 4-hour chart. Additionally, there is a bullish trend line forming, connecting with support at $140 for the #SOL/USDT pair.
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The immediate hurdle for Solana lies around the $156.50 level, followed by a major resistance near $162.50 or the 1.618 Fibonacci extension level. A decisive breakthrough above $162.50 could pave the way for another significant surge. Furthermore, the next crucial resistance sits around $175, and if the momentum continues, the price might aim for the $180 level.
$SOL