SOLANA $SOL BULLS READY TO RUN

Solana ($SOL ) started a fresh increase above the $120 resistance. The current price action is positive, and a push above $135 could accelerate gains.

Solana Price Gains Traction

In the last technical analysis, we discussed the chances of a decent recovery wave in Solana from the $95 zone. The price remained stable, and the bullish candlestick pattern triggered some upside. The bulls pushed the price above the $110-120 resistance range, outperforming Bitcoin.

A convincing move above the

$142

resistance could trigger a fresh surge. The first major resistance sits near the

$160 level.

The next key resistance could be $175. A clear move above the

$175

level could send the price toward the next key resistance at $195 and the 50% Fib retracement level of the downward move from the

$295 swing high to the $95 low.

A successful daily close above the $195 resistance might send the price toward the $220 level. Any more gains might send the price toward the

$270 level or $295

in the coming weeks.