CandleFocus Solana Price (SOL) Gears Up for Fresh Surge: Is More Upside Ahead?
2024-09-24
Author: Content Editor
The Solana (SOL) price is currently holding the $140 support zone and has been rising. It may aim for a fresh increase above the $152 resistance zone. The price recently dipped below the $148 and $145 levels but found support near the $142 zone. It is currently stable above the 50% Fibonacci retracement level and is trading near $146 and the 100-hourly simple moving average. On the upside, the price faces resistance near the $148 level and a bearish trend line forming at $148. If the price successfully closes above the resistance levels at $150 and $152, it could lead to further gains with the next major resistance near $164. On the downside, initial support is near $144, followed by the major support levels at $142 and $134. Technical indicators show the MACD gaining pace in the bullish zone and the RSI above the 50 level.
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