Solana ($SOL ) Reclaims 132 Level, Momentum Turns Sharply Bullish
✨ Solana started a fresh increase above the $130 zone. SOL price is now consolidating above $132 and might aim for more gains above the $138 zone.
SOL price started a fresh upward move above the $130 and $132 levels against the US Dollar.The price is now trading above $132 and the 100-hourly simple moving average.There is a bullish trend line forming with support at $135 on the hourly chart of the SOL/USD pair (data source from Kraken).The pair could extend gains if it clears the $140 resistance zone.
✨ Solana Price Gains Momentum
Solana price started a decent increase after it settled above the $125 zone, like Bitcoin and Ethereum. SOL climbed above the $130 level to enter a short-term positive zone.
The price even smashed the $132 resistance. The bulls were able to push the price above $135. The price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $123 swing low to the $138 high.
Solana is now trading above $135 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $135 on the hourly chart of the SOL/USD pair.
