Solana is attempting a fresh increase above the $25 resistance against the US Dollar. SOL price might continue to rise steadily toward the $30 zone in the near term.
SOL price is showing positive signs above the $24 level against the US Dollar.
The price is now trading near $25 and the 100 simple moving average (4 hours).
There was a break above a major bearish trend line with resistance near $24.80 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
The pair could continue to move up if it clears the $26 resistance zone.
Solana Price Starts Recovery
After a steady decline, Solana’s price found support near the $22.75 zone. SOL traded as low as $22.70 and recently started a recovery wave, unlike Bitcoin and Ethereum.
The price climbed above the $24 and $24.50 resistance levels. There was a break above a major bearish trend line with resistance near $24.80 on the 4-hour chart of the SOL/USD pair. The pair climbed above the 23.6% Fib retracement level of the downward mov
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