Solana (SOL) Targets Upside Break, Bulls Smell Momentum Shift

Solana (SOL) has initiated a recovery, trading above $120 after a prior dip. The price is currently consolidating and encountering resistance near $128. SOL is trading above $125 and the 100-hourly simple moving average. A bearish trend line is present, adding resistance at $127. If SOL overcomes $128 and $130, further gains are possible. Immediate resistance levels are found at $127 and $130. The next major resistance sits near the $135 and potential targets are at $144 and even $150. Conversely, failure to rise above $130 could lead to a decline, with supports at $125, $122, and $117. Technical indicators show a bullish MACD and RSI above 50. Major support levels are $125 and $122, while major resistance levels are $128 and $130.