Solana started a new increase in the $ 175 zone. Sol Price has now risen almost 10% and can strive for more profit above $ 200 zone.
- Sol Price started a new upward movement above the levels of $ 185 and $ 190 against the US dollar.
- The price is now traded above $ 192 and the 100-hour simple advancing average.
- There was a break over a Bearish trend line with resistance at $ 178 on the hour table of the SOL/USD pair (Data Source of Kraken).
- The couple can increase profit if it knew the $ 200 resistance zone.
Solana -Price starts a new increase
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 prize even beat the $ 192 resistance. There was a break over a Bearish trend line with resistance at $ 178 on the hour table of the SOL/USD pair. The bulls could push the prize above the barrier of $ 195. A high was formed at $ 199 and the price now consolidates the profits above the 23.6% FIB retracement level of the upward movement of the $ 173 Swing Low to $ 199.
Solana is now traded above $ 192 and the 100-hour simple advancing average. Moreover, the price is confronted with resistance near the $ 200 level. The next major resistance is near the $ 202 level.
Source: Solusd on TradingView.comThe most important resistance can be $ 205. A successful closure above the $ 205 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 $ 220 level.
Are disadvantages supported in SOL?
If Sol does not exceed $ 200 resistance, this can start a new decrease. The first support for the disadvantage is near the $ 194 zone. The first major support is near the $ 186 level or the 50% FIB retracement level of the upward movement of the $ 173 Swing Low to the $ 199 High.
A break below the level of $ 186 can send the price to the $ 180 support zone. If there is an end under the support of $ 180, the price can fall to the support of $ 175 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 – $ 194 and $ 186.
Large resistance levels – $ 200 and $ 212.