Solana has started a up-to-date enhance above the USD 188 zone. The SOL price is currently consolidated above USD 200 and may strive for more profits above USD 212.
- The SOL price started fresh traffic above the levels of 192 and 202 USD in relation to the American dollar.
- The price is currently listed above USD 200, and a 100-hour basic movable average.
- There is a rising channel with service in the amount of USD 205 on the SOL/USD hour chart (data source from Kraken).
- The couple can enhance profits if they tidy the USD 212 resistance zone.
Solan’s price is aimed at more profits
Solana Price began a decent growth after the sense of support near the USD 188 zone, unlike Bitcoin and like Ethereum. Sol increased above 195 USD to enter the tiny -term positive zone.
The price even broke the resistance of $ 202. Bulls were able to exceed the price above the 208 USD barrier. The height was created at USD 213, and the price consolidates profits above 23.6% of the level of withdrawal FIB upwards from a swing worth 177 USD to the highest level of USD 213.
Solana now trads above USD 200 and a 100-hour basic movable average. There is also a growing support channel in the amount of USD 205 on the Sol/USD hour chart.
On the other hand, the price is in the face of resistance near the USD 212. Another great resistance is close to USD 215. The main resistance can be USD 220. A successful closure above the resistance zone of USD 220 can set the pace for another constant growth. The next key resistance is USD 225. Any profits can send a price to USD 232.
Correction of defect in SOL?
If the SOL does not enhance above USD 212, it may start another decrease. Initial support in the minus is located near the $ 205 zone. The first immense support is located near the USD 202.
A break below USD 202 may send a price to the $ 195 support zone and 50% of the FIB withdrawal level up to 177 USD swing up to the highest level of USD 213. If the USD 195 below is a closure, the price may decline in support of USD 188 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 205 and $ 195.
Main levels of resistance – USD 212 and 215.
