According to CryptoPotato, Solana has broken the key resistance at $104 and is preparing for higher levels. The price managed to rally briefly to $110 before entering a pullback and testing $104 as support. If this level holds, the price has a clear path higher.
The high from late December is the current target at $126. Sellers came in strong at that price level, but they may face a stiff battle from buyers this time around, especially if momentum continues to build up. The two-day Moving Average Convergence Divergence (MACD) has made a bullish cross, signaling a reversal in momentum. If buyers continue to keep up the pressure, this could turn into a sustained rally to higher levels.
The bias for Solana (SOL) is bullish. If Solana is successful in turning the $104 level into a key support, then bulls have a good chance to take the price to $126 next.
