<ul data-eligibleForWebStory="true"><li>Solana is holding above $150 amid bullish momentum in the crypto market, following Bitcoin and Ethereum's upward movement.</li><li>Analyst Jelle noted Solana forming a higher low, a positive sign suggesting increased strength.</li><li>The $150 level serves as short-term support, with potential for a breakout if major cryptocurrencies continue their upward trend.</li><li>Solana faces resistance near $175, but a breakout above $185 could lead to new all-time highs.</li><li>Flipping the $175-$185 zone into support is crucial for a sustained upward move.</li><li>Currently trading at $165.80, Solana reclaimed the 50-day SMA and eyes the 100-day SMA at $175.70.</li><li>A breakout above $175 may target the $190-$200 range, while a failure could lead to a pullback towards $155-$160.</li><li>Increasing volume supports the current price rise, with the crossover of the 50-day and 100-day SMAs reinforcing bullish momentum.</li></ul>

Solana Forms Higher Low: Charging Toward Range Highs?

Discover more