Solana cryptocurrency rises to $ 135

Solana SOL $85.68 Binance-Peg SOL -1.23% Market capitalization $94.25 million VOL. 24 hours $0.16 billion continues to show positive dynamics after consolidating above $ 125. The price rose above $ 130 and broke through the $ 132 level, which allowed the bulls to keep the asset in the short-term positive zone. Currently, SOL is trading above $ 135 and the 100-hour simple moving average, and an upward trend line is forming on the chart with support at $ 135.

On the way up, the key barrier is the $ 138−140 zone. A further breakout could open the way to $ 145, and a consolidation above this level could lead to $ 150 and even $ 155.

However, a pullback is possible if the resistance is not overcome. The initial support is located at $ 134, and the main support is at $ 130, which coincides with the 50% Fibonacci retracement level of the last movement from $ 123 to $ 138. A breakout of $ 130 could send the price to $ 128, and a close below this level could send it to $ 120.

Technical indicators confirm the advantage of buyers: The MACD is gaining momentum in the bullish zone, and the RSI is above 50.

Thus, the nearest support levels for SOL are $ 135 and $ 130, and resistance levels are $ 138 and $ 140. Further movement will depend on whether the asset can gain a foothold above $ 145, which will signal a new stage of growth.