Solana (SOL) Hits $150: Market Dips Look Tempting
Solana rose steadily over $135. SOL breached $150 resistance and is maintaining gains.
SOL began rising over $135 barrier versus the US Dollar.
The price is above $145 and the 100-hourly SMA.
The hourly SOL/USD chart shows a bullish trend line with support around $147 (Kraken).
The pair might fall, but bulls may stay at $147 or $143.
Solana Price Exceeds 5%
Above $125, solana price started rising again. SOL accelerated past $132 and $135 barrier levels like Bitcoin and Ethereum.
It even broke $145 and $150 resistance. Price is holding gains after hitting $152.05 high. It is trading above the 23.6% Fib retracement line of the $134 swing low to $152 high upward advance.
Solana has above $145 and the 100-hourly simple moving average. On the hourly SOL/USD chart, a positive trend line connects to $147 support.
Price may find resistance at $152 on the upside. Near $155 is the next significant resistance. A closure above $155 barrier might start another steady rise. Around $165 is the next resistance. More advances might push the price toward $172.
Are SOL Dips Limited?
A negative drop may occur if SOL fails to break $152 barrier. The downside has initial support at $150. First big support is between $147 and the trend line.
Breaking $147 might take the stock toward $143 or the 50% Fib retracement level of the upward advance from the $134 swing low to the $152 high. If the stock closes below $143, it may fall to $138.
Tech Indicators
SOL/USD hourly MACD is rising in the positive zone.
Hourly RSI – RSI for SOL/USD is over 50.
Major Support Levels: $147, $143.
Key Resistance Levels: $152 and $155.
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