Over $150 for Solana (SOL): More upside?

From $140 support, Solana rose again. The SOL price is stabilizing and may rise over $154 barrier.

SOL price rose over $142 and $145 versus the US Dollar.

The price is over $150 and the 100-hourly SMA.

SOL/USD broke over a negative trend line with resistance at $149 on the hourly chart.

If it breaks $154 barrier, the pair may rise again.
Price of Solana consolidates gains

Like Bitcoin and Ethereum, Solana pricing built a base over $140 and increased. SOL accelerated past $142 and $145 resistance.

SOL/USD broke over a negative trend line with resistance at $149 on the hourly chart. Pair soared over $150 resistance zone. Price is consolidating gains after reaching $153.90.

The price dropped below $152 and challenged the 23.6% Fib retracement line of the $140 swing low to $154 peak upward rise. Above $150 and the 100-hourly simple moving average, Solana trades.

Price resistance is around $152 on the upside. Near $154 is the next significant resistance. The major obstacle may be $158. Close above $158 barrier might start another steady rise. The next hurdle is $165. More advances might push the price toward $180.

SOL downside correction?
SOL may fall again if it fails to break $154 resistance. Initial downside support is $150. Near $147 is the first big support.

A break below the $147 level might send the price toward the $145 zone and the 50% Fib retracement level of the upward move from the $140 swing low to the $154 high. If the price closes below $145, it may fall toward $140.

Tech Indicators

SOL/USD hourly MACD is rising in the positive zone.

Hourly RSI – RSI for SOL/USD is over 50.

Major Support Levels: $147, $145.

Major Resistance: $154, $158.

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