Solana started a new increase above $ 188 zone. Sol Price is now consolidating the win and can strive for more profit above the $ 200 zone.
- Sol Price started a new upward movement above the levels of $ 180 and $ 185 against the US dollar.
- The price is now traded above $ 188 and the 100-hour simple advancing average.
- There is an important bullish trend line that forms with support for $ 190 on the hour table of the SOL/USD pair (data source of Kraken).
- The couple could start a new increase if it knew the $ 200 resistance zone.
Solana -Prize is gaining strength
Solana Price started a considerable increase after it had found support near the $ 175 zone, such as Bitcoin and Ethereum. Sol climbed above the level of $ 180 to enter a positive zone in the short term.
The price even beat the $ 185 resistance. The bulls were able to push the price above the 50% FIB racement level of the downward movement of the $ 206 swing high to $ 175 low. There is also an important bullish trend line that forms with support for $ 190 on the hour table of the SOL/USD pair.
Solana now acts above $ 190 and the 100-hour simple advancing average. In addition, the price is confronted with resistance near the level of $ 195. It is close to the 61.8% FIB retracement level of the downward movement of the $ 206 Swing High to the $ 175 low.
The next major resistance is close to the $ 198 level. The most important resistance can be $ 200. A successful close to the $ 200 resistance zone could determine the pace for a new steady increase. The next key resistance is $ 212. More profits can send the price to the $ 225 level.
Are the disadvantages limited in SOL?
If Sol does not exceed $ 200 resistance, this can start a new decrease. The first support on the other hand is near the $ 190 zone and the trend line. The first major support is near the level of $ 188.
A break below the level of $ 188 can send the price to the $ 184 support zone. If there is an end under the support of $ 184, the price can fall to $ 175 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 – $ 190 and $ 188.
Large resistance levels – $ 195 and $ 200.