Solana began a fresh decrease from the $ 210 zone. The SOL price is consolidated and can strive for fresh traffic above the $ 200 resistance zone.
- The SOL price began again a decrease below USD 205 and 200 in relation to the American dollar.
- The price is currently listed below USD 200, and a 100-hour basic movable average.
- There is a connecting line of bears trend formed with resistance in the amount of USD 198 at the Sol/USD hour chart (data source from Kraken).
- The couple can start a novel growth if the bulls have cleaned the $ 200 zone.
Solana face -to -face price with obstacles
Solana Price fought to spotless the resistance of USD 210 and began a fresh decrease, such as Bitcoin and Ethereum. Sol has fallen below the support levels of 202 and 200 USD.
He even dived below USD 192. The last lowest levels were created in the amount of USD 188 before the price began the recovery wave. There was a traffic above USD 190 and USD 192. The price cleared the withdrawal level of 23.6% FIB down from a decrease of USD 209 to a low level of a swing worth USD 188.
However, bears are lively below USD 200. They protected 50% of the level of reviving FIB down movement from a swing worth $ 209 to a swing worth 188 USD.
Solana now trads above USD 200 and a 100-hour basic movable average. On the other hand, the price is in the face of resistance near the level of 198 USD. There is also a connecting line of bears that form resistance after USD 198 on the Sol/USD hour chart.
Another earnest resistance is close to $ 200. The main resistance can be 202 USD. A successful closure above the resistance zone in the amount of USD 202 can set the pace for another constant growth. The next key resistance is USD 210. Any profits can send a price to USD 220.
Another decrease in SOL?
If the SOL does not boost above the resistance of USD 200, it may start another decrease. Initial support in the minus is located near the USD 194 zone. The first earnest support is close to USD 188.
A break below USD 188 may send a price to the USD 180 zone. If below the USD 180 support is similar, the price may drop in relation to support in the amount of USD 175 in the near future.
Technical indicators
MACD – MacD for SOL/USD is gaining a pace in the stubborn zone.
RSI hours (relative strength indicator) – RSI for SOL/USD is above level 50.
Main support levels – USD 194 and USD 188.
Main resistance levels – USD 200 and 202 USD.
