$SOL
Solana initiated a recovery wave from $117, climbing above the $120 and $125 thresholds against the U.S. dollar. The advance mirrored broader market movements in Bitcoin and Ethereum.
The price surpassed the 50% Fibonacci retracement level of the decline from $134 to $117. Bulls pushed SOL above $125, but momentum stalled near $127 where a bearish trend line has formed on the hourly chart.
The cryptocurrency now trades above its 100-hour simple moving average. Immediate resistance sits at $127, coinciding with the 61.8% Fibonacci retracement level of the recent downward move.
Additional resistance appears at $130, with major barriers at $135 and $144. A sustained break above $135 could trigger an advance toward $150.
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