Solana surpassed the critical $126 resistance, establishing a fresh local peak. Exploring specific technical indicators sheds light on the factors influencing SOL's current price surge.
Noteworthy Price Levels:
- Support: $126
- Resistance: $163
1. Support Transformation:
Buyers successfully breached the $126 resistance, transforming it into a pivotal support level. The next target, set at $163, becomes relevant if this support holds. With Solana achieving a higher high, the overall price action indicates a bullish trend.
