The #Solana📈🚀🌐 #cryptocurrency is experiencing an upward momentum, surpassing the resistance level of $35 in its valuation versus the US Dollar. The price of SOL continues to get support and has the potential to initiate a new upward movement, perhaps targeting a price level of $38.

The price of SOL began a significant upward movement over the resistance level of $32 in relation to the United States Dollar.

Currently, the price is exhibiting a trading pattern that surpasses the threshold of $35 and is positioned above the 100 simple moving average during a 4-hour time frame.

On the 4-hour chart of the SOL/USD pair, sourced from Kraken, an observable bullish trend line is emerging, indicating a level of support in the vicinity of $33.30.

The pair has had an increase of almost 10% and has potential for additional upward movement, perhaps reaching the resistance level of $38.

The Solana price experiences a significant increase of 10%.

Following a notable rising trajectory, Solana established a position over the pivotal threshold of $30. The #SOL token had an increase in positive market sentiment following the establishment of a support level over $30 and $32.

Currently, it is exhibiting superior performance compared to Bitcoin and Ethereum. A significant upward movement occurred beyond the resistance zone at the $35 mark. A recent peak has been established at about $36.48 over the course of many weeks, and the current price is currently stabilizing its gains above the 23.6% Fibonacci retracement level. This retracement level is calculated based on the upward movement from the swing low of $32.34 to the high of $36.48.

The current trading price of SOL has surpassed $35 and is currently above the 100 simple moving average for a 4-hour period. Additionally, it is worth noting that a significant bullish trend line is now being established, indicating a level of support in the vicinity of $33.30 on the 4-hour chart of the SOL/USD pair.

One positive aspect is that there is a nearby resistance level at about $36.50. The initial significant degree of resistance may be observed in the vicinity of $36.80. The potential for a significant upward movement may be established if there is a successful breach of the resistance level at $36.80. The subsequent significant level of resistance is about $38.00. Further increases in value might potentially drive the price towards the threshold of $40.00.

Is the availability of dips restricted in the SOL framework?

In the event that SOL is unable to surpass the resistance level of $36.50, there is a possibility of initiating a corrective movement towards the downside. The initial level of support on the downside is about $34.40.

The initial significant level of support can be observed in the vicinity of $33.30, which encompasses the trend line region and the 76.4% Fibonacci retracement level. This retracement level is derived from the upward movement between the swing low of $32.34 and the swing high of $36.48. In the event that the price experiences a closing below the support level of $33.30, there is a possibility of a subsequent slide below the support level of $32.00 in the immediate future.

Technical indicators are tools used in financial analysis to assist in making investment decisions. These indicators are based on mathematical calculations and statistical data derived

The Moving Average Convergence Divergence (MACD) indicator for the SOL/USD trading pair is exhibiting an upward trend inside the positive region.

The Relative Strength Index (RSI) for the SOL/USD pair has surpassed the 50 mark within a 4-hour timeframe.

The major support levels for the given data are observed at $34.40 and $33.30.

The major resistance levels for the given asset are identified as $36.50, $36.80, and $38.00. #solana