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Solana (SOL) is recovering, but momentum still needs a stronger follow-through. ![]() Solana stock price started to rebound above $125. SOL price is currently consolidating and facing resistance near $135.
Solana Price aims for recoverySolana price remained stable and started a nice bounce above $125, similar to this. Bitcoin and Ethereum SOL shares successfully broke through the $130 mark. The SOL/USD pair is moving towards the 50% Fibonacci retracement level of the declining move from the $145 high to $121 low. Furthermore, an upward trend line is forming with support near $130 on the hourly chart of SOL/USD. Solana is currently trading above $130 and above the 100 hourly simple moving average. On the upside, immediate resistance is near $135, or the 61.8% Fibonacci retracement level of the decline from the $145 high to $121 low. ![]() The next major resistance is near $140. Major resistance is likely to be at $145. A successful break above the $145 resistance zone could set the stage for the next round of steady gains. The next key resistance level is $155. If the price continues to rise, a move towards $162 is possible. Is the SOL index falling again?If SOL fails to break the $135 resistance, the decline is likely to continue. Initial support on the downside is near $130. The first major support level is near $127. If it breaks below the $127 mark, the price may test towards the $124 support area. If the price closes below the $124 support, the price may fall further towards the $120 area in the short term. Technical indicators Hourly MACD Indicator – The MACD indicator for SOL/USD is accelerating in bullish territory. Hourly RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major support levels – $130 and $124. Major resistance levels – $135 and $140. ![]() Click on the official account to follow us ![]() Welcome to consult AUG999Q ![]() ![]() ![]() Investment channels! Recruit quality agents! Quantification, AI robot, EA quantitative strategy, automatic trading 1: Foreign exchange MT5 (can provide 100% market maker authority conditions, and only reserves extremely low selling costs! ) 2: AstralX digital currency trading platform (Binance returns 80-85% for dumping orders/provides 100% market maker authority conditions) 3: International futures main account and sub-accounts/Yisheng/Polestar/Zhixing/Build (conditions 90/95/100%/reserve 2~4 US dollars, large amount can be negotiated) 4: A-share TRS income swap (providing A-share 1-4 times leverage and low interest rates! )/options Top-notch market technical support such as ea strategy, documentary system, quantitative strategy, AI automatic trading, arbitrage and more! Channel agent ceiling level conditions! ! ! Welcome to consult and understand AUG999Q Disclaimer: All information provided to you in this article (including any opinions, news, analysis, quotations or other data) is provided as general market commentary only and does not constitute investment advice, nor is it intended to induce or recommend you to buy or sell any financial product. The market is risky, so be cautious when entering the market! In addition, the content of this article does not take into account the specific investment objectives or financial situation (including deposit size, leverage level, risk tolerance and risk tolerance) of any specific person. Any reference to historical price movements is for informational purposes only and is based on the publisher's own analysis. The platform and publisher do not promise or guarantee that such trends may recur in the future, as past performance does not necessarily predict future results. While the publisher believes in the reliability of the information contained in this article, it does not guarantee its accuracy or completeness. You understand that the purpose of producing this information by the publisher is not to influence your investment decisions. Therefore, neither the platform nor the publisher assumes any responsibility for any losses (including but not limited to possible loss of profits) caused by your reliance on such information or any transactions. This information may not be copied or forwarded within China for any purpose. The content works come from the publisher or quoted from media reports! If there is any infringement, please contact us to delete it! None of the content herein constitutes an offer or solicitation for any securities, products or services in any jurisdiction (including but not limited to China) in which the offer or sale of securities, products or services is not approved or exempted from regulations or is prohibited by regulations. In addition, the securities, products or services offered herein may not be available in all countries or jurisdictions. Ask for likes ![]() Please share ![]() Ask for likes ![]() |