Solana Price Surges, Targets Key Resistance Levels
- Solana’s price increased above the $140 and $142 levels against the US Dollar.
- SOL is trading above $140 and the 100-hourly simple moving average.
- A bullish trend line is forming with support at $138 on the hourly chart of the SOL/USD pair.
- Solana outperformed Bitcoin and Ethereum after settling above the $132 zone.
- Resistance levels are noted at $145 and potentially at $150, with a key resistance at $162.
Solana’s price has shown significant growth, surpassing major resistance levels and outperforming other major cryptocurrencies like Bitcoin and Ethereum. The current trading activity indicates that Solana might continue its upward trend if it breaches the critical resistance zones identified.
With Solana trading above its previous highs, attention is now focused on whether it can maintain this momentum past key resistance points such as $145 and potentially reach up to $162 in future sessions.(Source)
