Ah, the Solana saga continues-who could resist such a riveting tale? Solana, our volatile hero, surged past the humble $135 mark, but now it rests, lounging above $142 like a cat content with a hearty meal. Will it climb higher or will it pause for a bit of rest? The market waits with bated breath, as always.
- Our dear Solana embarked on a fresh upward adventure, breaking the $135 and $140 thresholds like a hero storming through enemy lines (against the US Dollar, of course).
- The price now resides serenely above $140, in comfortable company with the 100-hourly simple moving average-how lovely!
- A bullish trend line has emerged, offering its support at $143 on the hourly chart of the SOL/USD pair (oh, the wonders of Kraken’s data!).
- Could it break through the elusive $145 resistance and soar even higher? The market dares to dream.
Solana Price Gaining Momentum (For Now)
After some delightful turbulence, Solana finally settled above $128, much like Bitcoin and Ethereum, whose ever-fascinating movements we simply can’t ignore. The surge above $135 has whisked it into a short-term positive realm where dreams are made-or dashed.
The bulls are feeling feisty, having pushed the price past $140 and even above $142-let’s all pause for a round of applause. Now, it consolidates its gains, resting above the 23.6% Fib retracement level of the recent ascent from $123 to the high of $146. A proper hero’s rest.
But beware, for Solana still faces resistance at $145. The next major hurdle lies at $148, and above that? A $150 mountain to conquer. A successful closing above $150 would signal the arrival of another chapter in this thrilling story, with $162 being the next checkpoint. If Solana manages to break through, a glorious $180 awaits in the distance. Ah, the possibilities!
Yet, all is not certain in this cryptocurrency world. If Solana fails to conquer $145, the story might take a sudden twist, and it could start descending once again. Initial support is at the $143 mark, with the trusty trend line standing guard. The first real line of defense lies at $135, alongside the 50% Fib retracement level of its recent move from $123 to $146.
If the price falls below $135, it might plummet toward $128. A close beneath $128 could send it spiraling to the perilous $120 support zone, and oh, the drama!
Technical Indicators
Hourly MACD – The MACD for SOL/USD is slowing down, as if unsure of its next move-how very mysterious.
Hourly RSI (Relative Strength Index) – The RSI for SOL/USD hovers above the 50 mark, giving us just enough reason to hope it might climb higher. Will it?
Major Support Levels – $143 and $135-will they hold? Only time will tell.
Major Resistance Levels – $145 and $150, the gates to the next chapter.
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2025-12-04 08:24