Ethereum

Solana

Bitcoin

Resistance

Solana started a fresh increase above the $142 resistance. SOL price is up nearly 8% and might continue to rise if it clears the $150 resistance. 
<ul> 
 <li>SOL price recovered higher and tested the $150 resistance against the US Dollar.</li> 
 <li>The price is now trading above $1452 and the 100 simple moving average (4 hours).</li> 
 <li>There was a break above a key bearish trend line with resistance at $144 on the 4-hour chart of the SOL/USD pair (data source from Kraken).</li> 
 <li>The pair could clear the $150 resistance unless it fails to stay above $146.</li> 
</ul> 
<h2 id="solana-price-eyes-more-upsides">Solana Price Eyes More Upsides</h2> 
Solana price formed a support base near the $138 level and started a fresh increase. SOL outperformed <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-stuck-60k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-repeat-3200/" target="_blank" rel="noopener ">Ethereum</a> and moved into a positive zone above the $144 level. 
There was a break above a key bearish trend line with resistance at $144 on the 4-hour chart of the SOL/USD pair. The pair even cleared the 50% Fib retracement level of the downward wave from the $154.40 swing high to the $138.00 low. 
However, the bears are active near the key hurdle at $150. Solana is now trading above $145 and the 100 simple moving average (4 hours). Immediate resistance is near the $150 level or the 76.4% Fib retracement level of the downward wave from the $154.40 swing high to the $138.00 low. <a href="https://www.newsbtc.com/wp-content/uploads/2024/05/Solana_b732fc.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-607879 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/05/Solana_b732fc.png?resize=1024%2C461" alt="Solana Sol Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/Solana_b732fc.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/05/Solana_b732fc.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/05/Solana_b732fc.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/05/Solana_b732fc.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/05/Solana_b732fc.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/05/Solana_b732fc.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/05/Solana_b732fc.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
The next major resistance is near the $155 level. A successful close above the $155 resistance could set the pace for another major increase. The next key resistance is near $162. Any more gains might send the price toward the $175 level. 
<h2 id="another-decline-in-sol">Another Decline in SOL?</h2> 
If SOL fails to rally above the $150 resistance, it could start another decline. Initial support on the downside is near the $146 level and the 100 simple moving average (4 hours). 
The first major support is near the $142 level, below which the price could test $138. If there is a close below the $138 support, the price could decline toward the $125 support in the near term. 
Technical Indicators 
4-Hours MACD – The MACD for SOL/USD is gaining pace in the bullish zone. 
4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. 
Major Support Levels – $146, and $142. 
Major Resistance Levels – $150, $155, and $162.

SOL Price Regains Strength, Can Solana Reclaim $150 and Continue Higher?

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