CandleFocus Solana Price (SOL) Pushes Higher: Surge Shows No Signs of Slowing
2024-09-27
Author: Content Editor
The price of Solana (SOL) is currently gaining momentum and has surpassed the $150 resistance zone. It is expected to continue rising and may target a fresh increase above the $158 resistance zone. However, the price experienced a downside correction after reaching a high of $1582. The bulls found support near the $154 zone and the price is now trading above $152 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $150. On the upside, the price faces resistance at $158 and $162, with the potential for further gains towards $180 if these levels are broken. If the price fails to surpass the $158 resistance, it could lead to another decline with initial support at $153 and the first major support at $150. A break below $150 could send the price towards the $145 zone and potentially even $138. Overall, the technical indicators suggest a bullish momentum, with the MACD and RSI pointing towards further upside potential.
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