Solana Price Surges Above $250 with Bulls Eyeing $262 Resistance
Solana (SOL) Price Update
- SOL price increased above $240 and is trading over $250.
- Price is above the 100-hourly simple moving average.
- Break above key bearish trend line at $245 noted.
- Potential for further increase if it surpasses the $262 resistance.
Solana formed a base above $225, rising past $235 and $240. It also cleared the 50% Fib retracement level of the drop from $272 to $230.
- Next resistance levels are at $272 and $280.
- A close above $280 may lead toward $300.
If SOL does not exceed $262, a decline could begin. Key support levels are at $250 and $240. A drop below $240 may target $230, with further declines possible towards $215.
- MACD indicates bullish momentum.
- RSI is above 50.