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Home Market & Analysis

Solana Rallies Past Bitcoin—Momentum Tilts In Favor of SOL

n70products by n70products
April 21, 2025
in Market & Analysis
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Solana Rallies Past Bitcoin—Momentum Tilts In Favor of SOL
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Solana began a recent enhance from the $120 assist zone. SOL value is now consolidating and may climb additional above the $142 resistance zone.

  • SOL value began a recent enhance above the $125 and $132 ranges towards the US Greenback.
  • The value is now buying and selling above $130 and the 100-hourly easy shifting common.
  • There’s a connecting bullish development line forming with assist at $137 on the hourly chart of the SOL/USD pair (information supply from Kraken).
  • The pair may begin a recent enhance if it clears the $142 resistance zone.

Solana Worth Positive aspects Over 5%

Solana value fashioned a base above the $120 assist and began a recent enhance, like Bitcoin and Ethereum. SOL gained tempo for a transfer above the $125 and $132 resistance ranges.

The pair even spiked towards the $145 resistance zone. A excessive was fashioned at $143.06 and the value is now retreating decrease. There was a transfer under the 23.6% Fib retracement degree of the upward transfer from the $135 swing low to the $143 excessive.

Solana is now buying and selling above $130 and the 100-hourly easy shifting common. There may be additionally a connecting bullish development line forming with assist at $137 on the hourly chart of the SOL/USD pair. The development line is near the 76.4% Fib retracement degree of the upward transfer from the $135 swing low to the $143 excessive.

Solana Price

On the upside, the value is dealing with resistance close to the $142 degree. The following main resistance is close to the $145 degree. The principle resistance may very well be $150. A profitable shut above the $150 resistance zone may set the tempo for an additional regular enhance. The following key resistance is $155. Any extra good points may ship the value towards the $165 degree.

Pullback in SOL?

If SOL fails to rise above the $142 resistance, it may begin one other decline. Preliminary assist on the draw back is close to the $138.50 zone. The primary main assist is close to the $137 degree and the development line.

A break under the $137 degree may ship the value towards the $132 zone. If there’s a shut under the $132 assist, the value may decline towards the $125 assist within the close to time period.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining tempo within the bullish zone.

Hourly Hours RSI (Relative Energy Index) – The RSI for SOL/USD is above the 50 degree.

Main Assist Ranges – $137 and $132.

Main Resistance Ranges – $142 and $145.



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Tags: BitcoinMomentumfavorRalliesSOLSolanaTilts
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