Solana Price (SOL) Shows Strength: Is a Return to $150 Possible?

Sep 10, 2024 06:00 am Cryptocurrency 41

Solana started a recovery wave from the $120 zone. SOL price is rising and might aim for a move toward the $150 resistance level.

SOL price started a recovery wave above the $125 level against the US Dollar.

The price is now trading above $128 and the 100-hourly simple moving average.

There is a connecting bullish trend line forming with support at $130 on the hourly chart of the SOL/USD pair (data source from Kraken).

The pair could gain bullish momentum if it clears the $138 resistance zone.

Solana Price Extends Losses

Solana price formed a support base above the $120 level and started a recovery wave like Bitcoin and Ethereum. SOL traded above the $125 and $128 resistance levels.

The price even climbed above $132 and tested the key barrier at $138. A high was formed at $137 and the price ..

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