Solana has started a modern enhance compared to the USD 120 support zone. The SOL price is now consolidated and may enhance above the resistance zone of USD 142.

• The SOL price began a modern enhance above levels 125 and 132 USD in relation to the American dollar.
• The price is currently listed above USD 130, and a 100-hour straightforward movable average.
• There is a combination line of trends with support of USD 137 on the SOL/USD hour chart (data source from Kraken).
• The couple can start a modern enhance if they spotless the resistance zone of USD 142.

Solana Price gains over 5%

Solana Price was the base above the support of 120 USD and began a modern growth, such as Bitcoin and Ethereum. Sol has gained the pace of traffic above the resistance levels 125 and 132 USD.

The pair even increased towards the resistance zone of USD 145. The height was created at 143.06 USD and the price withdraws lower. There was a traffic below 23.6% of the level of withdrawal of FIB movement from a swing worth 135 USD to the highest level of USD 143.

Solana now trads above USD 130 and a 100-hour straightforward movable average. There is also a combination line of trends with support of USD 137 on the Sol/USD hour chart. The trend line is located nearly 76.4% of the level of withdrawal of FIB movement from a swing worth $ 135 to the highest level of USD 143.

On the other hand, the price is in the face of resistance near the level of 142 USD. The next main resistance is near $ 145. The main resistance can be USD 150. A successful closure above the resistance zone of USD 150 can set a pace for another constant growth. The next key resistance is USD 155. Any profits can send a price to USD 165.

Withdrawal in SOL?

If the SOL does not enhance above 142 USD resistance, it may start another decrease. Initial support in the minus is located near the USD 138.50 zone. The first huge support is located near the level of USD 137 and the trend line.

A break below USD 137 may send a price to the USD 132 zone. If below support in the amount of USD 132 is closing, the price may decline in support of USD 125 in the near future.

Technical indicators

MACD – MacD for SOL/USD is gaining a pace in the stubborn zone.

RSI hours (relative strength indicator) – RSI for SOL/USD is above level 50.

Main support levels – USD 137 and USD 132.

Main resistance levels – USD 142 and 145 USD.