Solana started a new increase above $ 162 zone. Sol Price now consolidates almost $ 175 and can increase the profits above the $ 180 zone.
- Sol Price started a new upward movement above the levels of $ 155 and $ 162 against the US dollar.
- The price is now traded under $ 165 and the 100-hour simple advancing average.
- There is an increasing channel in the short term that forms with support at $ 172 on the hour table of the SOL/USD pair (data source of Kraken).
- The couple can start a new increase if it knew the $ 176 resistance zone.
Solana -Prize consolidates profits
Solana Price formed a base over the support of $ 150 and started a new increase, such as Bitcoin and Ethereum. Sol got pace for a movement above the resistance levels of $ 155 and $ 162.
The bears, however, were active under the $ 180 resistance zone. A high was formed at $ 180.10 and the price corrected some winnings. The price fell under $ 175 and $ 172. A low point was formed at $ 169.53 and the price is now trying a new increase.
There was a movement above the 50% FIB retracement level of the downward movement of the $ 180 swing high to $ 170 low. Solana now acts above $ 172 and the 100-hour simple advancing average. An increasing channel has also been formed in the short term with support at $ 172 on the hour table of the SOL/USD pair.
At the top the price is confronted with resistance near the level of $ 176 and the 61.8% FIB retracement level of the downward movement of the $ 180 Swing high to $ 170 layer. The next major resistance is near the level of $ 180.
The most important resistance can be $ 185. A successful closure above the $ 185 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.
Disadvantage correction in SOL?
If Sol does not exceed $ 176 resistance, this can start a new decline. The first support on the disadvantage is near the $ 172 zone. The first major support is near the $ 170 level.
A break below the level of $ 170 can send the price to the $ 162 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 Bullish Zone.
Hours -hours RSI (relative strength -index) -The RSI for SOL/USD is above 50 level.
Important support levels – $ 172 and $ 170.
Large resistance levels – $ 176 and $ 180.