According to Coingabbar Price Analysis, SOL price initiates a fresh rally, surging over 10% and surpassing $105, with indications of further momentum.
Breaking above the $100 resistance against the US Dollar, SOL sets the stage for a potential upside break above the $127 resistance zone.
A White Marubozu candle forms after yesterday's Morning Star, signaling bullish momentum in the SOL price.
Daily chart analysis reveals a rounding bottom pattern in Solana's recovery trajectory.
Crucial support at the 100EMA on the 4-hour chart prompts a U-turn in SOL price, reinforcing the positive outlook.
The potential for a continued rally exists if there's a clear breach above the $118 resistance level.
KEY LEVELS :
RESISTANCE LEVEL : $118.50-$124.00
SUPPORT LEVEL : $110.00-$105.00
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