Solana started a recovery wave above the $132 resistance zone. SOL price is now consolidating and might struggle to recover above the $150 resistance.
SOL price started a recovery wave from the $125 support zone against the US Dollar.
The price is now trading above $130 and the 100-hourly simple moving average.
There is a connecting bullish trend line forming with support at $134 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could start a fresh increase if the bulls clear the $142 zone.
Solana Price Faces Resistance
Solana price started a recovery wave from the $125 zone, like Bitcoin and Ethereum. SOL was able to climb above the $132 and $140 resistance levels.
The price even cleared the $142 level, but it faced resistance near $145. A high was formed at $145 and the price started a downside correction. There was a move below the $142 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $125 swing low to
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-gains-capped-145/
