Solana Rallies Past Bitcoin—Momentum Tilts In Favor of SOL
Solana started a fresh increase from the $120 support zone. SOL price is now consolidating and might climb further above the $142 resistance zone. SOL price started a fresh increase above the $125 and $132 levels against the US Dollar. The price is now trading above $130 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $137 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $142 resistance zone. Solana Price Gains Over 5% Solana price formed a base above the $120....
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SOL’s price shows strength as it bounces from a downtrend range after losing its key Support to a region of $28. SOL faces a major issue to hold above Support and trend higher above $34 after the price broke out of its downtrend descending triangle price movement. SOL’s price remains strong on the daily timeframe below the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price of Solana (SOL) bounced from its low at around $27.5 after losing its key Support and reclaiming this important region as the price of Solana (SOL) eyes more rallies if the....
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