Solana started a new decrease in the $ 210 zone. Sol Price now shows Beerarish signs and can decrease under the $ 172 support zone.
- Sol Price started a new decrease after it was unable to erase $ 210 against the US dollar.
- The price is now traded under $ 185 and the 100-hour simple advancing average.
- There is a connecting Bearish trend line that forms with resistance at $ 188 on the hour table of the SOL/USD pair (Data source of Kraken).
- The couple can start a new increase if it knew the $ 188 resistance zone.
Solana -Price is falling again
Solana Price could not delete the $ 210 zone and started a new decrease, such as Bitcoin and Ethereum. Sol traded under the support levels of $ 200 and $ 188 to enter a short -term bearish zone.
The bears could push the price below the 50% FIB retracement level of the upward movement from the $ 173 swing low to $ 209 high. There is also a connecting Bearish trend line that forms with resistance at $ 188 on the hour table of the SOL/USD pair.
Solana now acts under $ 185 and the 100-hour simple advancing average. It is also below the 76.4% FIB racement level of the upward movement of the $ 173 Swing Low to the $ 209 High.
At the top the price is confronted with resistance near the level of $ 182. The next major resistance is near the level of $ 184. The most important resistance can be $ 188. A successful closure above the $ 188 resistance zone could determine the pace for a new steady increase. The next key resistance is $ 192. More profits can send the price to the $ 200 level.
More losses in Sol?
If Sol does not exceed $ 182 resistance, this can continue to move. The first support on the disadvantage is near the $ 175 zone. The first major support is close to the $ 172 level.
A break below the level of $ 172 can send the price to the $ 162 support zone. If there is an end under the support of $ 162, the price can fall to the $ 150 support in the short term.
Technical indicators
Hourly MacD – The MACD for SOL/USD wins pace in the bearish zone.
Hours -hours RSI (relative strength -index) -The RSI for SOL/USD is below the 50 level.
Important support levels – $ 172 and $ 162.
Large resistance levels – $ 182 and $ 188.