SOL Price Soars 8%, Solana Indicators Suggest Breakout Above $80

Dec 19, 2023 06:00 am Cryptocurrency 63

Solana stayed above the $67.50 support and started a fresh increase. SOL price is gaining pace and might soon attempt a move above $80.

SOL price started a fresh rally above the $72 resistance against the US Dollar.

The price is now trading above $74 and the 100 simple moving average (4 hours).

There is a key bullish trend line forming with support near $70.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken).

The pair is up nearly 8% and might rally further above the $80 resistance zone.

Solana Price Resumes Increase

In the past few days, Solana saw a downside correction from the $80.00 zone, like Bitcoin and Ethereum. SOL declined below the $77.50 and $75.00 support levels.

However, the bulls were active above the $67.50 support. A low was formed near $67.25, and the price is now attempting a ..

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