The Solana (SOL) cryptocurrency has experienced a fresh increase in price, surpassing the $172 support zone. It has formed a support base and broken above the $162 level. There was also a break above a key bearish trend line and the price has cleared the $185 level. Currently, SOL is trading above the 23.6% Fib retracement level and above the 100-hourly simple moving average. The next major resistance levels are $192, $195, and potentially $200. If SOL fails to rise above $192, it could see a downside correction towards initial support levels at $188 and $180.
Other News from Today
US Department of Justice Issues Statement on Bitfinex Hack That Stole Billions of Dollars of Bitcoin
Jito Labs records $78.9 million in monthly fees for October, doubling its previous record set in May