Solana Price Surges Past $137, Signaling Potential Uptrend
Solana (SOL) has surpassed the $137 level, marking a notable milestone in its price rally. This breakthrough indicates a shift in market sentiment and strong buying pressure.
Key Highlights of Solana's Performance
- Price exceeded $137, previously a key resistance level.
- Trading volume increased by over 100%, indicating strong market participation.
- Relative Strength Index (RSI) reached 69%, suggesting continued buying momentum.
- Next resistance target is around $164; a successful breach could lead to $211.
- Potential longer-term targets include the $240-$260 range for a recovery toward all-time highs.
- A rejection at $164 may result in a pullback, with $137 serving as a critical support zone.
- Breakdown below $137 could shift momentum towards a correction in the $118–$99 range.
Investors should monitor buying interest and resistance levels closely to gauge future price movements.
