SOL Price Uptrend To Continue? Can Bulls Send Solana To $75?

Nov 13, 2023 06:00 am Cryptocurrency 72

Solana rallied above the $50 resistance against the US Dollar. SOL price is consolidating gains above $55 and might extend its rally above $65.

SOL price started a major rally above the $50 resistance against the US Dollar.

The price is now trading above $55 and the 100 simple moving average (4 hours).

There is a key contracting triangle forming with support near $51.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken).

The pair could restart its rally if it clears the $60.00 resistance zone.

Solana Price Sets Up For $75

In the past few days, Solana saw a major rally above the $40 level. SOL gained bullish momentum and cleared many hurdles near the $50, outperforming Bitcoin and Ethereum.

It even surged above the $55 and $60 levels. A new multi-week high was formed near $63.99 before the price started a ..

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