💵💵Can Solana Reclaim $150 and Rise?
Solana rose over $142 resistance again. SOL is up about 8% and may climb if it breaks $150.
SOL rose versus the US Dollar and tested $150 resistance.
The price is above $1452 and the 100 SMA.
SOL/USD broke above a negative trend line with resistance at $144 on the 4-hour chart.
If it stays over $146, the pair might break $150.
Solana Price Sees More Benefits
Solana price rose from $138 after finding support. SOL outpaced Bitcoin and Ethereum and rose past $144.
SOL/USD broke above a negative trend line with resistance at $144 on the 4-hour chart. The pair even broke the 50% Fib retracement level of the falling wave from $154.40 swing high to $138.00 low.
Bears are aggressive approaching $150, the major obstacle. Above $145 and the 100 SMA (4 hours), Solana is trading. Resistance is approaching $150, the 76.4% Fib retracement level of the falling wave from $154.40 swing high to $138.00 low.
Solana Sol Price
Near $155 is the next significant resistance. Close over $155 barrier might trigger another huge surge. Around $162 is the next resistance. More increases might push the price toward $175.
SOL Decline Again?
SOL might fall again if it fails to break $150 resistance. The 100 simple moving average (4 hours) and $146 provide first downward support.
Price may test $138 below $142, the first significant support. If the price closes below $138, it may fall below $125.
Tech Indicators
4-Hours MACD – SOL/USD MACD is rising in the positive zone.
4-Hours RSI: SOL/USD's RSI is over 50.
Major Support Levels: $146, $142.
Major Resistance: $150, $155, $162.
