Solana Price Marches Toward $200, Why SOL Turned Attractive On Dips

May 21, 2024 04:01 am Cryptocurrency 110

Solana started a fresh increase above the $175 resistance. SOL price is up nearly 10% and might continue to rise if it clears the $188 resistance.

SOL price jumped higher and tested the $188 resistance against the US Dollar.

The price is now trading above $180 and the 100-hourly simple moving average.

There is a key bullish trend line forming with support at $175 on the hourly chart of the SOL/USD pair (data source from Kraken).

The pair could clear the $188 resistance unless it fails to stay above $175.

Solana Price Starts Fresh Surge

Solana price formed a support base near the $166 level and started a fresh increase. SOL followed recent Bitcoin and Ethereum surge to move into a positive zone.

There was a move above the $175 and $180 resistance levels. The price even tested the $188 resistance. ..

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