The price of Solana (SOL) has broken the $150 level and is showing positive signs of further upward movement. SOL (one of the Top 10 Altcoins) started a fresh rally from the $138 support level and is now trading above $150 and the 100 simple moving average (4 hours).
There is a bullish trend line forming with support at $140 on the 4-hour chart. If the price clears the $156 and $162 resistance levels, it could continue to rally. Immediate resistance is near $156.50, followed by a major resistance near $162.50.
On the downside, initial support is at $150, with major support levels at $142 and $138. The MACD indicator is in the bullish zone, and the RSI is above 50, indicating positive momentum for SOL.
Source: NEWSBTC
Solana’s Price Breaks $150 and Gains Bullish Momentum, Eyes $180 Test
