Solana started a recovery wave above the $125 zone. SOL price is now consolidating and faces hurdles near the $128 zone.
SOL price started a decent recovery wave above $122 and $125 against the US Dollar.
The price is now trading above $125 and the 100-hourly simple moving average.
There was a break above a key bearish trend line with resistance at $124 on the hourly chart of the SOL/USD pair (data source from Kraken).
The price could continue to move up if it clears $128 and $130.
Solana Price Faces Resistance
Solana price remained stable and started a decent recovery wave from $118, like Bitcoin and Ethereum. SOL was able to climb above the $122 level.
There was a move above the 61.8% Fib retracement level of the downward move from the $132 swing high to the $117 low. Besides, there was a break above a key bearish trend line with resistance at $124 on the hourly chart of the SOL/USD pair.
The bulls even pushed the price above $125. However, the bears remained active ne
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-recovery-reaches-130/
