Can Solana Break the $150 Resistance?

Solana (SOL), which has attracted attention recently in the cryptocurrency world, stands out with its strong performance. SOL broke the $142 resistance level and tested the $150 level with an increase of around 8%. However, this resistance level was not overcome and the possibility of a new failure arose.

Solana Price Stuck at $150 Resistance

According to the latest data, Solana is currently trading at $145 and it is well above the 100 simple moving average (4-hours). There was a break above a key bearish trend line at $144 on the 4-hours chart of the SOL/USD pair. This shows that SOL has recovered from the support base at $138 and entered an uptrend.