Solana (SOL) Eyes Further Gains Amid Resistance Challenges
- Solana price began a fresh upward move above $155 and $162 against the US Dollar.
- The price is currently trading below $165 and the 100-hourly simple moving average.
- A short-term rising channel with support at $172 is forming on the hourly chart.
- The SOL/USD pair could increase if it surpasses the $176 resistance zone.
- Major resistance levels are identified at $176, $180, and potentially $185.
Solana’s price has established a base above $150 and is now consolidating near $175. The next potential increase hinges on clearing the significant resistance at $176, with major support levels noted at $172 and $170.
Source (2.6)https://www.newsbtc.com/analysis/solana-sol-takeoff-180/?rand=52377
