Solana Price Surge: Traders Eye Key Resistance Levels

Solana's price has been steadily increasing after plummeting to around $60 in recent times. The token currently trades at approximately $103, following a 0.18% dip over the past 24 hours.

Traders are keeping a close eye on Solana as it shows signs of improving momentum. The monthly MACD and RSI signals indicate that the bearish pattern may be losing strength.

Analyst Ash Crypto pointed out that Solana's first green monthly candle in ten months is a significant development, suggesting that the token may be starting its major bullish reversal.

The next resistance levels to watch are $120 and $146. Analyst Ucan Coin marked $120.23 as the key target, which could potentially open the door for further growth towards $146.56.