Solana started a new increase compared to the $ 142 support zone. Sol Price is now consolidating and can continue to climb above the $ 155 resistance zone.
- Sol Price started a new increase above $ 140 and $ 142 levels against the US dollar.
- The price is now traded above $ 145 and the 100-hour simple advancing average.
- There is a contracting triangle in the short term that forms with resistance at $ 152 on the hour table of the SOL/USD pair (data source of Kraken).
- The couple can start a new increase if it knew the $ 155 resistance zone.
Solana -Prize consolidates profits
Solana Price formed a base over the support of $ 135 and started a new increase, such as Bitcoin and Ethereum. Sol got pace for a movement above the resistance levels of $ 140 and $ 142.
The couple even went to the $ 155 resistance zone. A high was formed at $ 153.30 before there was a pullback. The price fell below $ 150. A layer was formed at $ 145 and the price started a consolidation phase above the 23.6% FIB retracement level of the downward movement of $ 153.30 Swing High to the $ 145.54 Low.
Solana now acts under $ 152 and the 100-hour simple advancing average. There is also a contracting triangle in the short term that forms with resistance at $ 152 on the hour table of the SOL/USD pair.
At the top the price is confronted with resistance near the level of $ 149.50. The next major resistance is near the $ 150 level. The main resistance can be $ 152 and the FIB retracement level of 76.4% of the downward movement of $ 153.30 Swing High to $ 145.54 low.
A successful closure above the $ 152 resistance zone could determine the pace for a new steady increase. The next key resistance is $ 155. More profits can send the price to the $ 165 level.
Disadvantage correction in SOL?
If Sol does not exceed $ 150 resistance, this can start a new decline. The first support on the other hand is near the $ 147 zone. The first major support is near the $ 145 level.
A break below the level of $ 145 can send the price to the $ 138 zone. If there is an end under the support of $ 138, the price can fall to $ 132 support in the short term.
Technical indicators
Hourly MacD – The MACD for SOL/USD loses pace in the bullish zone.
Hours -hours RSI (relative strength -index) -The RSI for SOL/USD is below the 50 level.
Important support levels – $ 147 and $ 145.
Important resistance levels – $ 150 and $ 155.