Headline: Solana Bounces Above $142 — Eyes $150 if Bulls Hold Momentum Solana (SOL) has kicked off a fresh upswing, reclaiming key ground above $142 and building on gains made after settling above the $135 area. Data from Kraken shows SOL cleared $142 and $145, peaking near $148 before entering a short-term consolidation phase. What’s happening technically - Price action: SOL climbed from a $138 swing low to a $148 high, briefly pulling back but remaining above $142 and the 100-hour simple moving average — a bullish short-term sign. - Trend structure: An hourly bullish trend line offers support around $140. - Fibonacci levels: The recent pullback dipped below the 23.6% Fib retracement of the $138→$148 move; the 50% Fib sits near $143 and functions as immediate major support. - Momentum indicators: The hourly MACD is gaining in bullish territory and the RSI is above 50, supporting the upside bias. Key levels to watch - Immediate resistance: $148 (current ceiling) - Near-term breakout zone: $150 — clearing this could accelerate upside momentum - Major upside targets: $155, then $162 and potentially $170 on sustained strength - Immediate support: $144, followed by $143 (50% Fib) and $140 (trend-line support) - Deeper downside pivot: $135 if bears take control below $140 Outlook Bulls retain the edge while SOL trades above the 100-hour SMA and the $140 trend line. A decisive close above $150–$155 would likely open the path to higher targets around $162–$170. Conversely, failure to overcome resistance near $148 could prompt another corrective leg toward $144–$140, with $135 as a deeper support level. Bottom line: Short-term momentum favors the bulls, but traders should watch $150 for confirmation of a broader breakout or $143–$140 for signs of a pullback. Read more AI-generated news on: undefined/news