Solana is gaining momentum above the $150 resistance zone. The price has started increasing, exceeding the $152 mark, and is trading above the 100-hourly simple moving average. A key bullish trend line has formed, providing support at $150 on the SOL/USD hourly chart.
Solana extended gains above the $150 resistance, similar to Bitcoin and Ethereum. It climbed above $155 before encountering resistance, reaching a high of $158. The price corrected downward but found support around $154.
Currently, Solana is trading above $152, maintaining bullish momentum. It faces resistance near $158, with a crucial level at $162. A successful break could lead to gains up to $174 or even $180.
If Solana fails to break $158, it might see a decline with initial support at $153 and major support at $150. A drop below $150 could take the price to $145 or even $138.
Technical indicators show bullish signs, with the MACD gaining pace and the RSI above 50. Major support levels are $153 and $150, while resistance levels are $158 and $162.
