Solana price climbs above $140, targets further gains above $145

Solana Price Overview

Solana (SOL) is experiencing an upward trend, rising above $140 and consolidating gains.
The price is trading above the 100-hourly simple moving average with a bullish trend line support at $138.
SOL is outperforming Bitcoin and Ethereum, having reached $144 and now consolidating above $142.
Potential resistance levels include $145, $150, and $162. A close above $150 could lead to further gains towards $170.

Solana Price Chart

Potential Downside Risks

If SOL fails to surpass $145, it might see a decline, with initial support at $142 and major support at $140 and $138.
A break below $138 could lead to a drop towards $132.

Technical Indicators