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Solana (SOL) Gains Capped—Breaking $150 Won’t Be Easy

March 25, 2025
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Solana began a restoration wave above the $132 resistance zone. SOL value is now consolidating and would possibly battle to get well above the $150 resistance.

SOL value began a restoration wave from the $125 assist zone towards the US Greenback.
The value is now buying and selling above $130 and the 100-hourly easy transferring common.
There’s a connecting bullish pattern line forming with assist at $134 on the hourly chart of the SOL/USD pair (information supply from Kraken).
The pair may begin a contemporary enhance if the bulls clear the $142 zone.

Solana Value Faces Resistance

Solana value began a restoration wave from the $125 zone, like Bitcoin and Ethereum. SOL was capable of climb above the $132 and $140 resistance ranges.

The value even cleared the $142 stage, however it confronted resistance close to $145. A excessive was fashioned at $145 and the value began a draw back correction. There was a transfer under the $142 stage. The value dipped under the 23.6% Fib retracement stage of the upward transfer from the $125 swing low to the $145 excessive.

Solana is now buying and selling above $130 and the 100-hourly easy transferring common. There may be additionally a connecting bullish pattern line forming with assist at $134 on the hourly chart of the SOL/USD pair.

On the upside, the value is dealing with resistance close to the $140 stage. The following main resistance is close to the $142 stage. The principle resistance might be $145. A profitable shut above the $145 resistance zone may set the tempo for one more regular enhance. The following key resistance is $150. Any extra positive factors would possibly ship the value towards the $162 stage.

One other Decline in SOL?

If SOL fails to rise above the $142 resistance, it may begin one other decline. Preliminary assist on the draw back is close to the $135 zone and the 50% Fib retracement stage of the upward transfer from the $125 swing low to the $145 excessive. The primary main assist is close to the $133 stage.

A break under the $133 stage would possibly ship the value towards the $125 zone. If there’s a shut under the $125 assist, the value may decline towards the $114 assist within the close to time period.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is shedding tempo within the bullish zone.

Hourly Hours RSI (Relative Power Index) – The RSI for SOL/USD is under the 50 stage.

Main Assist Ranges – $135 and $133.

Main Resistance Ranges – $142 and $145.



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Tags: CappedBreakingEasyGainsSOLSolanaWont
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