Solana rose over $240 again. SOL price is stabilizing and may breach $255 barrier.
After hitting $220 versus the US Dollar, SOL price rose again.
The price is below $255 and the 100-hour SMA.
The hourly SOL/USD chart shows a short-term bearish trend line with resistance at $252.
If bulls break $255, the pair might rise again. Solana Price Sees More Benefits
Solana price found a solid base and rose over $232, surpassing Bitcoin and Ethereum. Strong gains occurred over $245 and $250 barrier levels.
Price reached $260. Price is holding gains after hitting $2648. Prices fell below $260 and $255. The price fell below the 50% Fib retracement line of the $230 swing low to $264 high upward rise.
However, bulls are active at $242 support and the 61.8% Fib retracement line of the $230 swing low to $264 high upward advance. Solana is below $255 and the 100-hour SMA.
The price faces upward resistance at $252. The hourly SOL/USD chart shows a short-term bearish trend line with resistance at $252.
Around $255 is the next significant resistance. The $265 resistance may be key. A closing above $265 barrier might start another steady rise. The next hurdle is $275. More advances might push the price toward $282.
Are SOL Dips Limited? SOL may fall if it fails to break $255 resistance. The downside has first support at $246. Near $242 is the first big support.
A breach below $242 might push prices to $238. If the price closes below $238, it may fall toward $230.
Tech Indicators
SOL/USD hourly MACD is rising in the positive zone.
