Cryptocurrency Solana grew by 13% per day

The value of the cryptocurrency of the Ukrainian developer Solana has risen sharply, overcoming resistance at $ 150. This happened against the backdrop of a general positive trend in the cryptocurrency market, where Solana outperformed bitcoin and ethereum.

After the price of SOL crossed an important retracement resistance level of around $ 148, it continued to grow, exceeding $ 155 and even reaching $ 162. A breakout above the key bearish trend line was detected on the hourly chart of the SOL/USD pair, and a new weekly high was formed at $ 163.76.

Currently, the asset’s price is consolidating, holding above $ 160 and the 100-hour simple moving average. Technical indicators are also positive, with the MACD accelerating in the bullish zone and the RSI (Relative Strength Index) above 50, indicating the sustainability of the current trend.

Further overcoming the resistance at $ 172 could push the price of Anatoliy Yakovenko’s token to the next important resistance levels of around $ 180 and possibly even $ 188. This growth reflects the general optimism in the cryptocurrency market and could mark the beginning of a longer bullish trend for Solana.