Solana Price Skyrockets by 15%: Cryptocurrency Market Surges with SOL Momentum

May 16, 2024 06:00 am Cryptocurrency 183
Solana Price Skyrockets by 15%: Cryptocurrency Market Surges with SOL Momentum

Solana started a fresh increase above the $150 resistance. SOL price is up nearly 15% and might continue to rise if it clears the $165 resistance.


  • SOL price recovered higher and tested the $162 resistance against the US Dollar.

  • The price is now trading above $150 and the 100-hourly simple moving average.

  • There was a break above a key bearish trend line with resistance at $148 on the hourly chart of the SOL/USD pair (data source from Kraken).

  • The pair could clear the $165 resistance unless it fails to stay above $158.

    • Solana Price Starts Fresh Surge


    Solana price formed a support base near the $138 level and started a fresh increase. SOL outperformed Bitcoin and Ethereum and moved into a positive zone above the $150 level.


    There was a break above a key bearish trend line with resistance at $148 on ..

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