SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\nOn the upside, the price is facing resistance near the $135 level. The next major resistance is near the $138 level. A successful close above the $135 and $138 resistance levels could set the pace for another steady increase. The next key resistance is near $142. Any more gains might send the price toward the $150 level.<\/p>\n
Another Decline in SOL?<\/h2>\n If SOL fails to rise above the $138 resistance, it could start another decline. Initial support on the downside is near the $130 level and the trend line. The first major support is near the $126 level and the 61.8% Fib retracement level of the upward move from the $120 swing low to the $137 high.<\/p>\n
A break below the $126 level might send the price toward $120. If there is a close below the $120 support, the price could decline toward the $110 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish zone.<\/p>\n
Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n
Major Support Levels \u2013 $130 and $126.<\/p>\n
Major Resistance Levels \u2013 $135 and $138.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 is now consolidating gains. There was a minor decline below $135 and the 23.6% Fib retracement level of the upward move from the $120 swing low to the $137 high. Solana is now trading above $130 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $130 on the hourly chart of the SOL\/USD pair. On the upside, the price is facing resistance near the $135 level. The next major resistance is near the $138 level. A successful close above the $135 and $138 resistance levels could set the pace for another steady increase. The next key resistance is near $142. Any more gains might send the price toward the $150 level. Another Decline in SOL? If SOL fails to rise above the $138 resistance, it could start another decline. Initial support on the downside is near the $130 level and the trend line. The first major support is near the $126 level and the 61.8% Fib retracement level of the upward move from the $120 swing low to the $137 high. A break below the $126 level might send the price toward $120. If there is a close below the $120 support, the price could decline toward the $110 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level. Major Support Levels \u2013 $130 and $126. Major Resistance Levels \u2013 $135 and $138.<\/p>\n","protected":false},"author":67,"featured_media":640868,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[12837,83626,89318,86410,83627],"class_list":["post-640866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\n
Solana Price (SOL) Shows Strength: Is a Return to $150 Possible?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n