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🚀 Solana Outpaces Bitcoin – Bullish Momentum Builds for SOL
Solana is making waves again, climbing from a strong $120 support zone and now setting its sights on the $142 resistance. After a sharp rebound, SOL is trading above $130 and holding strong above its 100-hour Simple Moving Average (SMA) — a bullish sign for what's ahead.
📈 Price Action Recap
SOL broke through the $125 and $132 resistance levels with confidence.
The price peaked at $143.06 before a minor pullback.
Currently, SOL trades above $130, forming higher lows and riding an upward-sloping trendline, with solid support at $137.
This trendline also aligns closely with the 76.4% Fibonacci retracement level from the recent move between $135 and $143, adding more technical strength to the support zone.
🔍 What’s Next for SOL?
Immediate resistance is seen at $142.
A breakout above this level could clear the way toward $145, then possibly $150.
A confirmed close above $150 may open the gates for a bullish surge toward $155 and potentially $165.
⚠️ Downside Risk?
If Solana fails to break through the $142 resistance, a pullback could follow.
Initial support lies near $138.50, with stronger backing at $137 (aligned with the trendline).
If this zone gives way, a drop toward $132 is likely.
A close below $132 might reintroduce the $125 support area as a downside target.
📊 Technical Snapshot
MACD: Gaining strength in bullish territory.
RSI: Holding above 50 — momentum remains with the bulls.
🛠️ Key Levels to Watch
Support: $137 🔹 $132
Resistance: $142 🔹 $145 🔹 $150 🔹 $155 🔹 $165
📌 Conclusion: Solana is showing solid bullish structure, outperforming even Bitcoin in recent sessions. If bulls can push past $142, a fresh rally could be just getting started.
