Solana Surges to $148, Eyes Bullish Breakout Above $150

Solana has reached new heights amid an ongoing bullish trend in the cryptocurrency market. The token broke above the $142 resistance zone and climbed past both $142 and $145 levels against the U.S. dollar, reaching a high of $148 before entering a consolidation phase.

The move followed Bitcoin and Ethereum higher after settling above the $135 zone, with Solana now trading above its 100-hourly simple moving average.

A bullish trend line is forming at $140 support on the hourly chart, while technical indicators suggest that clearing the $150 resistance could set the stage for a rally toward $155, with subsequent targets at $162 and $170.