Solana Gains Momentum, Eyes Further Upside
- Solana price initiated an upward move above $136 and $138 against the US Dollar.
- SOL is trading above $138 and the 100-hourly simple moving average.
- There was a break above a bearish trend line with resistance at $137 on the hourly chart of the SOL/USD pair.
- The main resistance levels are near $140, $142, and potentially up to $145.
Solana’s price has shown resilience by maintaining stability above the $130 zone, outperforming Bitcoin and Ethereum. The recent price movement suggests potential further gains if key resistance levels are surpassed.
As Solana trades above significant moving averages, it faces critical resistance at $142 and could aim for higher targets if breached successfully. (Source)
