Solana’s Recovery Faces Resistance Near $135
- Solana price started a recovery wave, climbing above the $125 and $128 levels against the US Dollar.
- The price is trading above $130 and the 100-hourly simple moving average, showing signs of a bullish trend.
- Immediate resistance is at the $135 level, with further hurdles at $140 and potentially at the previous swing high of $145.
- Support levels are noted at $130 and $127, with risks of decline if these are breached.
Solana’s price has shown a stable recovery pattern similar to Bitcoin and Ethereum, maintaining its position above critical support levels. However, overcoming resistance near the $135 zone remains crucial for sustained upward momentum.
A successful close above key resistance points could lead to further gains, but failure to do so might result in another downturn towards lower support zones like $124 or even $120. Source
