🚀 Solana Breaks Higher — Bulls Eye $300 as Momentum Builds
koinmilyoner
Updated at: 7 hours ago
{"content":"🚀 Solana Breaks Higher — Bulls Eye $300 as Momentum Builds
Solana rose over $220 again. SOL price is stabilizing at $215 and may rise above $225.
SOL price rose over $212 and $215 versus the US Dollar.
The price is above $215 and the 100-hourly SMA.
On the hourly SOL/USD chart, a bullish trend line with support at $222 is formed.
The pair might extend gains if it breaks $225 resistance.
Solana Price Wants More
After finding support at $205, Solana price rose, outperforming Bitcoin and Ethereum. SOL entered a short-term bullish zone over $212.
The price broke $218 barrier. Price broke $220 thanks to bulls. The price is consolidating gains above the 23.6% Fib retracement line of the upward run from the $199 swing low to the $226 high.
Above $215 and the 100-hourly simple moving average, Solana trades. The hourly SOL/USD chart shows a bullish trend line with support at $222.
The stock faces upward resistance at $225. Near $232 is the next significant resistance. Maybe $235 is the primary resistance. Close above $235 barrier might start another steady rise. The next hurdle is $245. More increases might push the price toward $250.
SOL downside correction?
SOL might tumble again if it fails to break $225 barrier. The trend line and $222 provide first negative support. The first key support is $212, the 50% Fib retracement level of the upward run from the $199 swing low to the $226 high.
A break below $212 might push pricing below $205 support. If the stock closes below $205, it may fall toward $200.
Tech Indicators
SOL/USD hourly MACD is rising in the positive zone.
Hourly RSI – RSI for SOL/USD is over 50.
Major Support Levels: $222, $212.
Major resistance levels: $225, $235.
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