Solana started a new increase above $ 185 zone. Sol Price now corrects profits and can find bids near the $ 195 support zone
- Sol Price started a new upward movement above the levels of $ 185 and $ 192 against the US dollar.
- The price is now traded above $ 195 and the 100-hour simple advancing average.
- There is an important bullish trend line that forms with support at $ 199 on the hour table of the SOL/USD pair (data source of Kraken).
- The couple can start a new increase if it knew the $ 205 resistance zone.
Solana -Prize is gaining strength
Solana Price started a considerable increase after it had erased the resistance of $ 180, such as Bitcoin and Ethereum. Sol climbed above the level of $ 185 to enter a positive zone in the short term.
The price even made the $ 200 resistance. A high was formed at $ 207 and the price now corrects the profits. There was a movement below the level of $ 205 and to the 23.6% FIB retraction level of the upward movement of the $ 178 Swing Low to $ 207 High.
Solana is now traded above $ 195 and the 100-hour simple advancing average. There is also an important bullish trend line that forms with support for $ 199 on the hour table of the SOL/USD pair.
Moreover, the price is confronted with resistance near the $ 205 level. The next major resistance is near the $ 208 level. The most important resistance can be $ 215. A successful closure above the $ 215 resistance zone could determine the pace for a new steady increase. The next key resistance is $ 232. More profits can send the price to the $ 245 level.
Are the disadvantages limited in SOL?
If Sol does not exceed $ 208 resistance, this can start a new decline. The first support on the disadvantage is near the $ 199 zone and the trend line. The first major support is near the level of $ 195.
A break below the level of $ 195 can send the price to the $ 192 support zone or the 50% FIB retracement level of the upward movement of the $ 178 Swing low to $ 207 High. If there is an end under the support of $ 192, the price can fall to the support of $ 185 in the short term.
Technical indicators
Hourly MacD – The MACD for SOL/USD loses pace in the bullish zone.
Hours -hours RSI (relative strength -index) -The RSI for SOL/USD is above 50 level.
Important support levels – $ 199 and $ 192.
Important resistance levels – $ 208 and $ 215.