Solana Price Surges Above $142, Eyes Gains Beyond $150

Solana (SOL) is showing upward momentum, trading above the $142 mark and the 100-hourly simple moving average. Key highlights include:

  • SOL price has risen above $142 and $145 against the US Dollar.
  • A bullish trend line is forming with support at $140 on the hourly chart.
  • The price faces resistance at $148, with key resistance levels at $150 and $155.

Solana Price

Potential upward movement could push SOL toward $162 and eventually $170 if it surpasses the $155 resistance zone.

Possible Downside

  • If SOL cannot break the $148 resistance, a decline may occur.
  • Initial support is around $144, with major support near $143 and $140.
  • A drop below $140 could lead to further declines toward $135.

Technical Indicators:

  • MACD for SOL/USD is bullish.
  • RSI for SOL/USD is above 50, indicating positive momentum.