$SOL
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Summary of his work SOL copied
Solana Price is looking forward to more positives
Solana price formed a support base near the $138 level and started a new rise. SOL outperformed Bitcoin and Ethereum and moved into positive territory above the $144 level.
There was a break above the major downtrend line with resistance at $144 on the 4-hours chart of the SOL/USD pair. The pair even crossed the 50% Fibonacci retracement level of the downward wave from the high of $154.40 to the low of $138.00.
However, the bears are active near the major hurdle at $150. Solana is now trading above $145 and the 100 Simple Moving Average (4-hours). Immediate resistance is near the $150 level or the 76.4% Fib retracement level of the downward wave from the swing high at $154.40 to the swing low at $138.00.