Solana started a recovery wave from the $120 zone and is currently aiming to reach the $150 resistance level. The SOL price has climbed above $128 and is trading above the 100-hourly simple moving average.
A bullish trend line is forming with support at $130 on the hourly chart of the SOL/USD pair. For further gains, SOL needs to clear the $135 and $138 resistance zones. Success above these levels could push the price toward $142 and possibly $150.
However, if SOL fails to rise above the $138 resistance, a decline could occur, with initial support at $130 and stronger support at $126. A break below $126 could send the price down to $120 or even $110.
Technical indicators show the hourly MACD for SOL/USD losing pace but staying in the bullish zone. The hourly RSI is above 50, indicating bullish momentum. Support and resistance levels are $130, $126 and $135, $138, respectively.
