Solana Price Consolidates Above $210, Targets Higher Gains
- Solana’s price increased above the $212 zone and is now consolidating above $210.
- SOL is trading above the $210 level and the 100-hourly simple moving average.
- A bullish trend line with support at $212 is forming on the hourly chart of SOL/USD.
- The price faces resistance near the $218 level, with major resistance at $220 and potentially $232.
Solana’s price has shown a strong upward movement after finding support near the $200 zone, surpassing both Bitcoin and Ethereum. The current consolidation above key levels indicates potential for further gains if resistance levels are cleared.
If Solana clears the $218 resistance, it could aim for higher targets such as $232 or even $250. However, failure to rise above this level might lead to a decline towards initial supports like $212 or lower. (Source)
