Solana Price Consolidates Above $135, Eyes Gains Above $140

Solana (SOL) is showing a positive trend, currently trading above the $135 mark and its 100-hourly simple moving average. The price is consolidating and could aim for further gains above the $140 zone.

SOL moved above $135 and $138 against the US Dollar.
A contracting triangle with support at $138 is forming on the hourly SOL/USD chart.
The price faces resistance near $140, with significant resistance levels at $142, $145, and potentially $150.
A successful close above $145 could lead to an increase toward $155.

Potential Downside for SOL

If unable to surpass $142, SOL may decline.
Initial support lies around $138, with major support at $136.
A drop below $130 could see the price approaching $120.

Technical Indicators:

MACD for SOL/USD indicates a slowing bullish trend.
RSI is above 50, indicating strength in the current trend.
Major Support: $138, $136.
Major Resistance: $140, $142.

Solana Price