NewsBTC
Mar 13, 2025
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Solana Price Struggles with Resistance Below $132 Level

1 min

Solana (SOL) Price Update

  • SOL began a recovery above $120 but faces resistance at $132.
  • The price declined below $150 and $140, currently trading under $130.
  • A rising channel is forming, with support at $124.
  • A break above $132 could lead to further gains; next resistance at $140.

Solana struggled to surpass the $155 resistance level, dropping below $140 and $132, reaching a low of $114 before rebounding. The current trading situation shows SOL below $130 and the 100-hourly simple moving average. Key resistance levels are at $128 and $130, with significant resistance at $132.

Solana Price

If SOL does not exceed $132, it may decline again, with initial support near $124 and major support at $120. A drop below $120 could see prices fall to $114 or lower, towards $100.

Technical Indicators

  • Hourly MACD indicates weakening bullish momentum.
  • RSI is around the 50 level.
  • Major Support Levels: $124 and $120.
  • Major Resistance Levels: $128 and $132.