CandleFocus Solana (SOL) Gearing Up: Is a New Surge on the Horizon?
2024-12-25
Author: Content Editor
The Solana (SOL) price has stabilized above $175 and has started to recover from previous losses. It faced resistance around the $200 and $205 levels and is now trading above $190 and the 100-hourly simple moving average. The next major resistance levels are $208, $215, and $220. If it fails to break above the $208 resistance, it could see another decline towards support levels at $195 and $188. A break below $175 could push the price towards $162. The technical indicators, MACD and RSI, suggest bullish momentum for SOL/USD.
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