Solana Skyrockets: SOL Price Breaks $150 Barrier, Eyes $180

Solana's price has surged beyond $150, showing promising signs of further gains. The cryptocurrency aims to challenge the $180 mark amid bullish momentum.

Solana Price Surges Past $150 with Bullish Trend Support at $140

Solana's price has initiated a fresh uptrend from the $138 support against the US Dollar. Now trading above $150 and the 100 simple moving average (4 hours), the cryptocurrency exhibits strength in its upward movement. A connecting bullish trend line with support at $140 on the 4-hour chart of the SOL/USD pair reinforces this positive outlook.

Solana Price Strengthens Above $130 Support, Sees Gains Nearly 10% Amidst Bitcoin and Ethereum Market Correlation

Solana's price has established a strong foundation above the $130 support zone, leading to a recent uptick. With gains of nearly 10%, it has surpassed key levels at $135 and $145, mirroring similar movements in Bitcoin and Ethereum markets. Bulls have successfully propelled the price above the 76.4% Fibonacci retracement level, indicating significant upward potential.

Solana Price Faces Key Resistance Near $156 and $162 as Bulls Target Potential Breakout $180

Immediate resistance looms near $156.50, followed by a major hurdle at $162.50 or the 1.618 Fibonacci extension level. A decisive close above $162.50 could trigger substantial bullish momentum, with the next significant resistance lying near $175. Further upward movement could propel Solana's price towards the $180 level.

Solana faces a challenge at the $162.50 resistance level; a failure to break through may result in a pullback toward $150

However, failure to breach the $162.50 resistance might lead to a downside correction. Initial support is anticipated near the $150 level, with the first major support resting around $142.00. A break below this level could test support at $138.00 and the trend line. A further decline may target the $128.00 support or the 100 simple moving average (4 hours).