Solana Faces Crucial Test at $145 Resistance Zone
Solana's recent rally has pushed it above $132, but the cryptocurrency now faces a critical test at the $145 resistance zone. Despite trading above its 100-hourly moving average, technical indicators suggest that momentum may be cooling.
The price broke through $142 and entered what analysts identify as a short-term positive zone after SOL settled above the $128 zone and climbed past the $135 level.
A bullish trend line has formed with support at $143 on the hourly chart, but Solana's immediate resistance lies near $145, with the next major barrier at $148. If it successfully breaks through $150, the stage could be set for gains toward $162, and even potentially $180 if momentum continues.
However, failure to break $145 could trigger a pullback to the $125 support level and the trend line. The current price action places Solana at a decisive technical juncture that could determine its near-term trajectory.