{"id":633645,"date":"2024-08-07T05:28:01","date_gmt":"2024-08-07T05:28:01","guid":{"rendered":"https:\/\/www.wncen.com\/?p=633645"},"modified":"2024-08-07T04:56:41","modified_gmt":"2024-08-07T04:56:41","slug":"solana-price-sol-gains-traction-140","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/analysis\/solana-price-sol-gains-traction-140\/","title":{"rendered":"Solana Price (SOL) Gains Traction: Poised for Further Increase?"},"content":{"rendered":"
Solana started a decent upward move from the $110 zone. SOL price is rising and might increase further above the $155 resistance zone.<\/em><\/p>\n
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SOL price started a recovery wave above the $135 and $140 levels against the US Dollar.<\/li>\n
The price is now trading above $145 and the 100-hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance at $136 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n
The pair could start another increase if it clears the $155 resistance zone.<\/li>\n<\/ul>\n