Solana (SOL) has recently surpassed the $140 resistance zone, suggesting a possible bullish rally as the price attempts to break the $155 resistance. Trading above $148 and the 100-hourly simple moving average, there's support at $147.50, indicating potential further advances if resistance levels are overcome.
The price has climbed above key levels of $138 and $140, mirroring moves in Bitcoin and Ethereum. Efforts by the bulls pushed SOL above $150, reaching a high at $153.22 before consolidating. A resistance persists at $153.50 with major resistance around $155 to $158.
Strategically, breaking beyond $155 could see prices advance to $162 or even $175. However, SOL risks another dip if it fails to rise above $155, with significant support at $147.50 potentially cushioning further declines towards the $144.50 zone.
Technical analysis shows the hourly MACD gaining bullish traction and the RSI above 50. Key support levels remain at $147.50 and $144.40 while key resistance levels are spotted at $155 and $162, which will signal trends for potential price shifts.
