Solana Bulls Regain Strength, Eye $137 Amid Weak Resistance đ
Solana (SOL) is making a strong recovery, now targeting the $137 mark as bullish momentum builds. Recent price rebounds have challenged bearish resistance, pushing SOL higher after bouncing back from $118. If SOL breaks above $137, it could signal a further rally toward $164.
đ Key Insights:
- Bullish Movement:
SOL is forming a bullish candlestick on the 4-hour chart, reflecting growing market optimism.
- RSI Rising:
The Relative Strength Index (RSI) is climbing toward 50%, suggesting increasing buying pressure.
- Potential Scenarios:
A breakout above $137 could lead to a rally, but failure to break resistance may send SOL back to $118.
Currently trading around $127, Solana is showing resilience with a potential shift to stronger bullish activity. Keep an eye on how it performs against the $137 resistance level!
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