Solana Eyes $150 Rebound: SOL Bulls Optimistic With Positive Indicators

Jul 9, 2024 08:01 am Cryptocurrency 49
Solana Eyes $150 Rebound: SOL Bulls Optimistic With Positive Indicators

Solana started a recovery wave from the $128 zone. SOL price is up over 6% and the bulls seem to be aiming to reclaim the $150 level.


  • SOL price started a decent upward move above the $132 resistance against the US Dollar.

  • The price is now trading above $135 and the 100-hourly simple moving average.

  • There was a break above a key bearish trend line with resistance at $136 on the hourly chart of the SOL/USD pair (data source from Kraken).

  • The pair could continue to rise toward $150 or even $155 in the near term.

    • Solana Price Trims Some Losses


    Solana price managed to stay above the $120 pivot level. SOL formed a base above the $128 level and recently started a decent recovery wave, outperforming Bitcoin and Ethereum in the past two sessions.


    There was a move above ..

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