Solana started a new increase in the $ 175 zone. Sol Price is now recovering higher and can strive for a movement above the $ 188 resistance zone.
- Sol Price started a recovery golf after it had tested the $ 175 zone against the US dollar.
- The price is now traded above $ 182 and the 100-hour simple advancing average.
- There was a break above a connecting bearish trend line with resistance at $ 183 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 EYES STEOXY TOGE
Solana Price extended losses after there was an end under $ 188, such as Bitcoin and Ethereum. Sol traded under the support levels of $ 185 and $ 108 to enter a short -term bearish zone.
A low point was formed at $ 175 and the price is now trying a new rise. The price exceeded the resistance levels of $ 180 and $ 182. There was a movement above the 23.6% FIB retracement level of the downward movement of the $ 210 Swing High to $ 175 Low.
Moreover, there was a break over a connecting bearish trend line with resistance at $ 183 on the hour table of the SOL/USD pair. Solana now acts above $ 182 and the 100-hour simple advancing average.
At the top the price is confronted with resistance near the level of $ 188. The next major resistance is near the $ 192 level or the 50% FIB retracement level of the downward movement of the $ 210 swing high to $ 175 low. The most important resistance can be $ 195. A successful closure above the $ 195 resistance zone could determine the pace for a new steady increase. The next key resistance is $ 200. More profits can send the price to the $ 210 level.
Another decline in Sol?
If Sol does not exceed $ 188 resistance, this can continue to move. The first support on the other hand is near the $ 184 zone. The first major support is near the $ 180 level.
A break below the level of $ 180 can send the price to the $ 175 support zone. If there is an end under the support of $ 175, the price can fall to the support of $ 166 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 – $ 180 and $ 175.
Important resistance levels – $ 188 and $ 192.