NewsBTC •
December 17, 2025 at 06:20 •
Analysis
Solana started a recovery wave above the $126 zone. SOL price is now consolidating and faces hurdles near the $132 zone. SOL price started a decent recovery wave above $126 and $128 against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $132 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $130 and $132. Solana Price Faces Resistance Solana price remained stable and started a decent recovery wave from $124, like Bitcoin and Ethereum. SOL was able to climb above the $126 level. There was a move above the 23.6% Fib retracement level of the downward move from the $136 swing high to the $124 low. The...
