Solana (SOL) Price Analysis: New Highs Possible Above $24!

• Solana (SOL) price started a decent increase above the $21.50 resistance against the US Dollar.
• There is a major bullish trend line forming with support near $22.30 on the 4-hours chart of the SOL/USD pair.
• The pair must clear $24.00 and $25.00 to continue higher in the near term.

Solana (SOL) Price Analysis

Solana price is trading above $22 against the US Dollar, similar to bitcoin. SOL could start a strong increase if it clears the $24 resistance.

Price Movement

Solana price remained in a bullish zone above the $19.20 and $20 support levels. The bulls were active near the $19.20 zone and pushed the price above the $21.20 level.

There was a steady increase above the $22.00 level and the 55 simple moving average (4-hours). The pair even climbed above the $23