Solana Price Eyes Fresh Surge
The price is stable above the 50% Fib retracement level of the upward move from the $127 swing low to the $152 high. Solana is now trading near $146 and the 100-hourly simple moving average.On the upside, the price is facing resistance near the $148 level. There is also a connecting bearish trend line forming with resistance at $148 on the hourly chart of the SOL/USD pair. The next major resistance is near the $152 level.
A successful close above the $150 and $152 resistance levels could set the pace for another steady increase. The next key resistance is near $164. Any more gains might send the price toward the $172 level.