Solana is gaining pace above the $35 resistance against the US Dollar. SOL price remains supported and might aim for a fresh rally toward $38.
SOL price started a major rally above the $32 resistance against the US Dollar.
The price is now trading above $35 and the 100 simple moving average (4 hours).
There is a key bullish trend line forming with support near $33.30 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
The pair is up nearly 10% and might surge further toward the $38 resistance.
Solana Price Rallies 10%
After a decent upward move, Solana settled above the $30 pivot level. SOL gained bullish momentum after it formed a base above the $30 and $32 levels.
It is now outperforming Bitcoin and Ethereum. There was a clear move above the $35 resistance zone. A new multi-week high is formed near $36.48 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $32.34 swing low to the $36.48 high.
SOL is now trading abo
We współpracy z: https://www.newsbtc.com/analysis/sol-price-solana-momentum-reignites-38/
