The article discusses the recent price movement of Solana (SOL) cryptocurrency. SOL experienced a positive trend and surpassed the resistance levels of $235 and $240. There was also a break above a bearish trend line with resistance at $245. Currently, SOL is trading above $250 and the 100-hourly simple moving average. The next significant resistance levels are $262, $272, and potentially $280. A close above $280 could lead to further gains towards $292 and $300. However, if SOL fails to break the $262 resistance, it may start declining. The initial support levels are $250 and $240, with a break below $240 potentially causing a drop towards $230 and $215. The technical indicators, MACD and RSI, suggest a bullish trend.
Content Editor ( newsbtc.com )
- 2025-01-22
Solana (SOL) Ignites New Momentum: Bulls Target Higher Ground
