Solana Gains Above $132, Targets $138 Resistance Zone

Solana Price Movement

• Solana's price moved above the $130 and $132 levels against the US Dollar, indicating a positive trend.
• The price is currently trading over $132 and the 100-hour simple moving average.
• A bullish trend line is forming with support at $135 on the SOL/USD hourly chart.
• If Solana clears the $140 resistance, further gains are possible.

Current Resistance and Support Levels

• Resistance: The price faces resistance at $138, with major hurdles at $140 and $145. A close above $145 could lead to increases toward $150 and $155.
• Support: Initial support lies near $134, followed by major support at $130. A break below $130 might push the price down to $128 and potentially $120.

Technical Indicators

• Hourly MACD: Showing increased momentum in the bullish zone.
• RSI: Positioned above the 50 level, indicating strength in the current uptrend.

Investors should monitor the resistance and support levels closely for potential moves in Solana's price.