Solana (SOL) Recovers, but Key Resistance Levels Continue to Cap Upside Attempts

Solana (SOL) Recovers, but Key Resistance Levels Continue to Cap Upside Attempts


Solana started a recovery wave from the $128 zone. SOL price is now consolidating and faces hurdles near the $142 zone.

SOL price started a decent recovery wave above $132 and $135 against the US Dollar. The price is now trading above $135 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $137 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $142 and $145. Solana Price Eyes Steady Recovery

Solana price remained stable and started a decent recovery wave from $128, like Bitcoin and Ethereum. SOL was able to climb above the $132 pivot level.

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There was a move

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