{"id":54174,"date":"2025-03-25T05:08:19","date_gmt":"2025-03-25T05:08:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=54174"},"modified":"2025-03-25T05:08:19","modified_gmt":"2025-03-25T05:08:19","slug":"solana-sol-gains-capped-breaking-150-wont-be-easy","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=54174","title":{"rendered":"Solana (SOL) Gains Capped\u2014Breaking $150 Won\u2019t Be Easy"},"content":{"rendered":"

Solana started a recovery wave above the $132 resistance zone. SOL price is now consolidating and might struggle to recover above the $150 resistance.<\/em><\/p>\n

SOL price started a recovery wave from the $125 support zone against the US Dollar.
\nThe price is now trading above $130 and the 100-hourly simple moving average.
\nThere is a connecting bullish trend line forming with support at $134 on the hourly chart of the SOL\/USD pair (data source from Kraken).
\nThe pair could start a fresh increase if the bulls clear the $142 zone.<\/p>\n

Solana Price Faces Resistance<\/h2>\n

Solana price started a recovery wave from the $125 zone, like Bitcoin<\/a> and Ethereum<\/a>. SOL was able to climb above the $132 and $140 resistance levels.<\/p>\n

The price even cleared the $142 level, but it faced resistance near $145. A high was formed at $145 and the price started a downside correction. There was a move below the $142 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $125 swing low to the $145 high.<\/p>\n

Solana is now trading above $130 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $134 on the hourly chart of the SOL\/USD pair.<\/p>\n

<\/a><\/p>\n

On the upside, the price is facing resistance near the $140 level. The next major resistance is near the $142 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $162 level.<\/p>\n

Another Decline in SOL?<\/h2>\n

If SOL fails to rise above the $142 resistance, it could start another decline. Initial support on the downside is near the $135 zone and the 50% Fib retracement level of the upward move from the $125 swing low to the $145 high. The first major support is near the $133 level.<\/p>\n

A break below the $133 level might send the price toward the $125 zone. If there is a close below the $125 support, the price could decline toward the $114 support in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for SOL\/USD is losing pace in the bullish zone.<\/p>\n

Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n

Major Support Levels \u2013 $135 and $133.<\/p>\n

Major Resistance Levels \u2013 $142 and $145.<\/p>","protected":false},"excerpt":{"rendered":"

Solana started a recovery wave above the $132 resistance zone. SOL price is now consolidating and might struggle to recover above the $150 resistance. SOL price started a recovery wave from the $125 support zone against the US Dollar. The price is now trading above $130 and the 100-hourly simple moving average. There is a […]<\/p>\n","protected":false},"author":0,"featured_media":54175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-54174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54174"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54174"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/54175"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}