Solana Price Consolidates Amid Resistance Levels
- Solana’s price initiated a recovery wave above $132 and $135 against the US Dollar.
- The price is currently trading above $134 and the 100-hourly simple moving average.
- Immediate resistance is near the $140 level, with further hurdles at $142 and $145.
- A bullish trend line with support at $133 is forming on the hourly chart of the SOL/USD pair.
- Major support levels are identified at $133 and $128, while resistance levels are noted at $140 and $145.
Solana’s price has shown a recovery trend, surpassing critical levels like $132 and maintaining above its 100-hourly simple moving average. However, it faces significant resistance around the $140 mark, which could determine its next move.
Overcoming resistance at key levels such as $140 and potentially reaching or surpassing the main resistance at $145 could pave the way for further gains in Solana’s price trajectory. (Source)
