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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