Solana Consolidates Near $147 with Key Support at $146 and Resistance at $150

Analyst GemXBT reported that Solana (SOL) is in a consolidation phase, with current price levels around $147. Key points include:

Support is established near $146, preventing further declines.
Resistance is forming at approximately $150, which has historically halted upward movements.
Technical indicators show the Relative Strength Index (RSI) remains neutral, indicating indecision in market momentum.
The Moving Average Convergence Divergence (MACD) has shown a minor bearish crossover, suggesting potential downward pressure.

The market is currently at a pivotal point between $146 and $150. A breakout above $150 could lead to a rally towards $211, while a decline below $146 may see prices drop to $137 or $118.

Solana