Satoshi

Solana

Resistance

when

Coin

<p>Solana’s SOL token has been staging an impressive recovery, with its price exhibiting bullish momentum since yesterday when it reached a low of $118 before closing the day at $134. At the time of writing, Solana is trading around $134, registering a nearly 20% rally over the past two days.</p>
<p>The price is currently attempting to break through a resistance level at $139, which could pave the way for further gains. If SOL manages to surpass this key area, we may witness a spike towards $146 and then $156, where the next resistance levels lie, which will also be close to a 20% move.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="464" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-63-1024x464.png" alt="" class="wp-image-485633" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-63-1024x464.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-63-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-63-768x348.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-63-1536x696.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-63-2048x929.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-63-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-63-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-63-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-63-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-63.png 1824w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="solana-token-riding-the-wave">Solana Token Riding the Wave</h2>
<p>The tokens within the Solana ecosystem are also benefiting from this bullish move, with many of them experiencing positive price movements over the last 24 hours. <a href="https://captainaltcoin.com/raydium-ray-and-jupiter-jup-pumping-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Raydium (RAY)</a>, <a href="https://captainaltcoin.com/memecoin-watch-bonk-nears-key-resistance-potential-breakout-pepes-pattern-signals-uptrend/" target="_blank" rel="noopener noreferrer nofollow">BONK,</a> and <a href="https://captainaltcoin.com/why-is-dogwifhat-wif-meme-coin-price-up/" target="_blank" rel="noopener noreferrer nofollow">dogwifhat (WIF) </a>are all up by 5% at the time of writing. The increased demand for Solana to purchase these tokens is positively influencing the price of SOL.</p>
<p>Moreover, a major breakout above the $139 resistance level, leading to a potential rally, could instill confidence in investors, which could have a ripple effect across the entire Solana ecosystem.</p>
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<p>If SOL manages to overcome the $139 barrier, it could potentially trigger a surge in buying pressure, propelling the token towards the next resistance levels at $146 and $156. However, if the price fails to break through this critical resistance, a retreat towards the recent support levels cannot be ruled out.</p>
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<p>The post <a href="https://captainaltcoin.com/solanas-sol-poised-for-20-surge-but-crucial-resistance-stands-in-the-way-watch-this-price-level-closely/" rel="noopener noreferrer nofollow">Solana’s SOL Poised for 20% Surge, But Crucial Resistance Stands in the Way: Watch This Price Level Closely</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana’s SOL Poised for 20% Surge, But Crucial Resistance Stands in the Way: Watch This Price Level Closely

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