Solana is gaining bullish momentum above $100. SOL price is signaling a fresh increase and might rally further toward the $112 level.
SOL price started a fresh increase from the $93.20 support against the US Dollar.
The price is now trading above $98 and the 100 simple moving average (4 hours).
There was a break above a major bearish trend line with resistance at $96 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
The pair could continue to rally if it clears the $102.50 and $105.00 resistance levels.
Solana Price Regains Bullish Momentum
Solana price formed a base above the $93.20 support zone and recently started a fresh increase. There was a decent increase above the $96 and $98 levels.
The price is up over 7% and there was a move above the $100 level, outperforming Bitcoin and Ethereum. During the increase, the price cleared the 76.4% Fib retracement level of the downward move from the $102.46 swing high to the $93.17 low.
Besides, there was a break above a major
We współpracy z: https://www.newsbtc.com/analysis/sol-price-breaks-100-solana-to-112/
