Solana started a new increase above $ 212 zone. Sol Price now consolidates above $ 210 and can strive for more profit above $ 218 zone.
- Sol Price started a new upward movement above $ 202 and $ 210 levels against the US dollar.
- The price is now traded above $ 210 and the 100-hour simple advancing average.
- There is a bullish trend line that forms with support for $ 212 on the hour table of the SOL/USD pair (data source of Kraken).
- The couple can increase profit if it knew the $ 218 resistance zone.
Solana Price Eyes Extra winnings
Solana Price started a considerable increase after it had found support near the $ 200 zone, with Bitcoin and Ethereum defeating. Sol climbed above the $ 205 level to enter a positive zone in the short term.
The price even beat the $ 212 resistance. The bulls could push the prize above the barrier of $ 215. A high was formed at $ 218 and the price is consolidating profits. There was a small decrease below the 23.6% FIB racement level of the upward movement from the $ 199 Swing Low to $ 217 High.
Solana now acts above $ 210 and the 100-hour simple advancing average. There is also a bullish trend line that forms with support for $ 212 on the hour table of the SOL/USD pair.
Moreover, the price is confronted with resistance near the level of $ 218. The next major resistance is close to the $ 220 level. The most important resistance can be $ 232. A successful closure above the $ 232 resistance zone could determine the pace for a new steady increase. The next key resistance is $ 244. More profits can send the price to the $ 250 level.
Disadvantage correction in SOL?
If Sol does not exceed $ 218 resistance, this can start a new decline. The first support at the disadvantage is near the $ 212 zone. The first major support is near the $ 208 level or the 50% FIB retracement level of the upward movement from the $ 199 Swing Low to $ 217 High.
A break below the level of $ 208 can send the price to the $ 204 support zone. If there is an end under the support of $ 204, the price can fall to the $ 200 support in the short term.
Technical indicators
Hourly MacD – The MacD for SOL/USD wins pace in the Bullish Zone.
Hours -hours RSI (relative strength -index) -The RSI for SOL/USD is above 50 level.
Important support levels – $ 212 and $ 208.
Important resistance levels – $ 218 and $ 220.