Solana (SOL) has been on a rollercoaster ride, testing the $138 zone before initiating a recovery wave. The price must now clear the $150 and $155 resistance levels to start a steady increase. According to technical analysis, SOL price is eyeing an upside break above the $150 resistance against the US Dollar. The price is currently trading above $145 and the 100-hourly simple moving average, with a connecting bullish trend line forming with support at $146 on the hourly chart.

The recent decline below the $150 level has been followed by a decent recovery wave, with the price clearing the $142 and $145 resistance levels. The next major resistance is near the $152.50 level, and a successful close above this level could set the pace for another major increase. However, if SOL fails to rally above the $152.50 resistance, it could start another decline, with initial support on the downside being near the $145 level and the trend line.

Technical indicators show that the MACD is losing pace in the bullish zone, while the RSI is near the 50 level. Major support levels are at $145 and $142, while major resistance levels are at $152.50, $156.50, and $160. Overall, Solana price is poised for a steady increase, but bulls must overcome the resistance levels to achieve this.