#SolanaSurge The recent increase in the price of Solana (SOL) seems to be losing momentum. After briefly reaching $134, the value of the digital asset encountered strong resistance and retreated to the $130 range. This behavior has generated uncertainty about the possibility of a sustained breakout to the upside.
At the time of this analysis, the price of Solana is near $130.29, recording an approximate intraday drop of 0.7%, according to TradingView data. Additionally, the token failed to surpass and close above the 50-day exponential moving average (EMA), which is currently around $137. Throughout April, this level has acted as a significant barrier, preventing buyers from establishing a clear dominance in the market.
