Solana Price Recovers Above $125, Faces Resistance at $135

Solana (SOL) is showing signs of recovery, having moved above the $125 mark. The price is now trading above $130, supported by a bullish trend line and the 100-hour simple moving average.

  • The SOL price is consolidating and faces resistance at $135 and $140.
  • A bullish trend line supports the price at $130 on the hourly chart.
  • A breakout above $145 could lead to further gains towards $155 and $162.

Solana Price

Potential Downside for Solana

  • If SOL fails to surpass $135, it might decline with initial support around $130.
  • Further support levels are at $127 and $124.
  • A drop below $124 could push the price towards $120.

Technical Indicators:

  • Hourly MACD: Bullish momentum is gaining pace.
  • RSI: Positioned above 50, indicating positive sentiment.