NewsBTC
Follow
Solana (SOL) Pushes Higher Again – Has It Finally Found Its Short-Term Bottom?
Solana initiated an upward trend, surpassing the $180 mark against the US Dollar after finding support around $155. The price action overcame the $172 level, entering a positive zone and breaking past the $180 resistance. Currently, Solana is trading below $200 and the 100-hourly simple moving average, consolidating above $185. A bullish trend line is forming with $188 support on the hourly chart. Immediate resistance lies near $198 and the crucial $200 level, with a potential target of $205 and further to $220 if broken. Failure to overcome the $200 resistance could trigger a decline, with initial support around $190 and major support at $182. A break below $182 might lead to a drop towards $175 and potentially $160. The MACD indicator shows bullish momentum, and the RSI is above 50, suggesting potential for further gains.
