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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.

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.