SOL rebounds with full firepower!
After bouncing back from $128, it directly broke through the resistance at $130 and $132, and is now gathering strength before the $138 level. The 100-hour moving average and the Fibonacci 50% retracement level are providing strong resistance!
There are hidden secrets in the technicals: the hourly chart has long broken through the bearish trend line at $132, with MACD accelerating in bullish territory and RSI stable above 50, all signaling an attack!
The key password is just two words: 140! The daily closing must firmly stand above $140 to open the channel towards $142 and $150; if it can't break through the resistance zone of $138-140, we must be wary of a pullback to the support levels of $132 and $130, and a drop below $128 could lead to a direct correction to $120!
Whether SOL can take off in sync with BTC and ETH depends on whether it can conquer $140.
Do you think it can smoothly break through? Let's discuss in the comments!
