Solana Pauses at $150 Barrier as Bulls Attempt a Breakout

Key Highlights
Solana battles the resistance at $150
Solana continues its bullish runs

Solana (SOL) Current Statistics
The current price: $148.84
Market Capitalization: $85,042,469,033
Trading Volume: $4,684,047,972
Major supply zones: $100, $120, $140
Major demand zones: $60, $40, $20

Solana (SOL) Price Long-Term Prediction: Bullish
Solana (SOL) price continued its bullish ascent, breaking above and retesting the resistance at $126 as bulls attempt a breakout. The upward trend has been impeded at the $150 high since March 7. The altcoin has varied in value between $137 and $150 within the last week.

The crypto’s price is currently retesting its recent peak but has been rejected. Until the upswing resumes, Solana is expected to continue its current sideways movement. In the event that the present resistance is broken, the altcoin will rally above the $150 high.

The bullish momentum is expected to reach the highs of $158 and $204 . At the time of writing, Solana is worth $149.28.

Solana (SOL) Price Indicator Analysis
On March 5, the crypto’s price broke the resistance at $126 and tested its support before resuming a fresh rally above the 21-day SMA. The altcoin will continue to rise as long as the price bars remain above the moving average lines.

The increasing slope of the horizontal moving average lines indicates an uptrend.

What Is the Next Move for Solana (SOL)?
Solana’s upward trend has paused at the $150 barrier level as bulls attempt a breakout. Currently, the altcoin is trading in a range but above the moving average lines. On the upside, if buyers succeed, the altcoin will approach the next resistance level at $204.

Meanwhile, the crypto signal has been range-bound, with the possibility of a breakout.

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