Solana started a new increase compared to the $ 120 support zone. Sol Price is now consolidating and can continue to climb over the $ 142 resistance zone.
- Sol Price started a new increase above $ 125 and $ 132 levels against the US dollar.
- The price is now traded above $ 130 and the 100-hour simple advancing average.
- There is a connecting bullish trend line that forms with support for $ 137 on the hour table of the SOL/USD pair (data source of Kraken).
- The couple can start a new increase if it knew the $ 142 resistance zone.
Solana -Price wins more than 5%
Solana Price formed a base over the support of $ 120 and started a new increase, such as Bitcoin and Ethereum. Sol was given pace for a movement above the resistance levels of $ 125 and $ 132.
The couple even went to the $ 145 resistance zone. A high was formed at $ 143.06 and the price is now withdrawing. There was a movement below the 23.6% FIB retracement level of the upward movement of the $ 135 Swing low to $ 143 High.
Solana is now traded above $ 130 and the 100-hour simple advancing average. There is also a connecting bullish trend line that forms with support for $ 137 on the hour table of the SOL/USD pair. The trend line is close to the 76.4% FIB racement level of the upward movement of the $ 135 Swing Low to $ 143 High.
At the top the price is confronted with resistance near the level of $ 142. The next major resistance is near the level of $ 145. The most important resistance can be $ 150. A successful closure above the $ 150 resistance zone could determine the pace for a new steady increase. The next key resistance is $ 155. More profits can send the price to the $ 165 level.
Pullback in Sol?
If Sol does not rise above $ 142’s resistance, this can start a new decline. The first support on the other hand is near the $ 138.50 zone. The first major support is close to the level of $ 137 and the trend line.
A break below the level of $ 137 can send the price to the $ 132 zone. If there is an end under the support of $ 132, the price can fall to $ 125 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 – $ 137 and $ 132.
Important resistance levels – $ 142 and $ 145.
