Solana (SOL) Jumps But Smacks Into $120 Resistance Wall—Can It Break Through?

Solana (SOL) Jumps But Smacks Into $120 Resistance Wall—Can It Break Through?

Solana started a fresh increase from the $100 support zone. SOL price is now consolidating and might struggle to clear the $120 resistance zone.


  • SOL price started a fresh increase above the $105 and $112 levels against the US Dollar.

  • The price is now trading above $105 and the 100-hourly simple moving average.

  • There was a break above a connecting bearish trend line with resistance at $107 on the hourly chart of the SOL/USD pair (data source from Kraken).

  • The pair could start a fresh increase if it clears the $120 resistance zone.

  • Solana Price Gains Over 10%


    Solana price formed a base above the $100 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $110 and $112 resistance levels.


    There was a break above a connecting bearish trend line with resistance at $107 ..

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