Solana Price (SOL) Gears Up for Fresh Surge: Is More Upside Ahead?

Sep 24, 2024 08:00 am Cryptocurrency 9

Solana is holding the $140 support zone. SOL price is rising and might aim for a fresh increase above the $152 resistance zone.

SOL price started a fresh increase from the $142 zone against the US Dollar.

The price is now trading near $1465 and the 100-hourly simple moving average.

There is a connecting bearish trend line forming with resistance at $148 on the hourly chart of the SOL/USD pair (data source from Kraken).

The pair could gain bullish momentum if it clears the $152 resistance zone.

Solana Price Eyes Fresh Surge

Solana price extended its increase above the $142 resistance like Bitcoin and Ethereum. SOL even spiked above $150 before the bears appeared. A high was formed at $152 and the price started a downside correction.

There was a move below the $148 and $145 levels. The price dipped below the 23.6% ..

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