$SOL
Solana (SOL) Spikes to $160 — Will Bulls Power Past This Wall?
Solana price started a decent increase after it cleared the $152 resistance, like Bitcoin and Ethereum. SOL climbed above the $155 level to enter a short-term positive zone.
However, the price is facing a major hurdle at $160 and $162. A high is formed at $159.24 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $148 swing low to the $160 high.
Solana is now trading above $155 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $155 on the hourly chart of the SOL/USD pair.