Solana Passes Bitcoin... Momentum Favors SOL
From $120 support, Solana rose again. The SOL price is stabilizing and may rise over $142 barrier.
SOL price rose over $125 and $132 versus the US Dollar.
The price is over $130 and the 100-hourly SMA.
The hourly SOL/USD chart shows a positive trend line with support at $137.
The pair might rise again if it breaks $142 resistance.
Over 5% Solana Price Gain
Like Bitcoin and Ethereum, Solana pricing built a base over $120 and increased. SOL accelerated at $125 and $132 barrier levels.
The couple even approached $145 resistance. After reaching $143.06, the price is falling. The upward rise from the $135 swing low to the $143 high fell below the 23.6% Fib retracement line.
Above $130 and the 100-hourly simple moving average, Solana trades. On the hourly SOL/USD chart, a positive trend line connects to $137 support. The trend line approaches the 76.4% Fib retracement level of the $135 swing low to $143 high upward rise.
The price faces upward resistance at $142. Near $145 is the next significant resistance. The major obstacle may be $150. Close above $150 barrier might start another steady rise. The next major resistance is $155. More advances might push the price toward $165.
A SOL pullback?
SOL might tumble again if it fails to break $142 barrier. At $138.50, downward support begins. First big support is between $137 and the trend line.
A breach below $137 might push the price near $132. If the stock closes below $132, it may fall below $125.
Tech Indicators
SOL/USD hourly MACD is rising in the positive zone.
Hourly RSI – RSI for SOL/USD is over 50.
Major Support Levels: $137, $132.
Key Resistance Levels: $142, $145.
