SOL Price Faces Big Move – Can Bulls Send Solana To $120?

Feb 2, 2024 08:00 am Cryptocurrency 76

Solana is attempting a fresh increase from the $92 zone. SOL price could gain bullish momentum if it manages to clear the $100 and $104 resistance levels.

SOL price started a fresh decline from the $106 resistance against the US Dollar.

The price is now trading above $92 and the 100 simple moving average (4 hours).

There was a break below a key bullish trend line with support at $100 on the 4-hour chart of the SOL/USD pair (data source from Kraken).

The pair could start another increase if it surpasses the $100 and $104 levels.

Solana Price Faces Key Test

Solana price started a fresh decline after it struggled to clear the $106 level like Bitcoin at $43,800. There was a clear move below the $102 and $100 support levels.

Besides, there was a break below a key bullish trend line with support at $100 on the 4-hour chart of the SOL/USD pair. However, the bulls were active ..

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