Solana has started a up-to-date augment above the USD 160 zone. The SOL price is now improving profits and can find offers near the 155 USD support zone

• The SOL price started fresh up above levels 155 and 160 USD in relation to the American dollar.
• The price is currently listed below USD 162, and a 100-hour plain movable average.
• There was a break below the key stubborn trend line with a service of USD 162 on the Sol/USD hour chart (data source from Kraken).
• The couple can start a up-to-date growth if they cleanse the $ 162 resistance zone.

Solan’s price improves profits

Solana Price began a decent augment after cleaning the resistance of USD 160, such as Bitcoin and Ethereum. Sol increased above USD 162 to enter the tiny -term positive zone.

However, the price is in front of a immense obstacle of USD 168 and USD 169. The amount is created at USD 168.60, and the price is now corrected. There was a traffic below 50% of the level of withdrawal of Movement FIB from a swing worth USD 158 to the highest level of USD 168.

In addition, there was a break below the key stubborn trend line with support in the amount of USD 162 on the Sol/USD hour chart. Solana now trads below USD 162 and a 100-hour straight movable average. It also requires below 76.4% of the level of withdrawal of FIB movement from a swing worth USD 158 to the highest level of USD 168.

The price is approaching $ 158 support. On the other hand, the price is in the face of resistance near the level of USD 160. The next main resistance is close to USD 162. The main resistance can be USD 1685. A successful closure above the resistance zone in the amount of USD 168 can set a pace for another constant growth. The next key resistance is 178 USD. Any profits can send a price to USD 185.

More losses in Sol?

If the SOL does not augment above the resistance of USD 162, it may start another decrease. Initial support in the minus is located near the USD 158 zone. The first immense support is located near USD 155.

A break below USD 155 may send a price to the USD 150 zone. If below it is close to USD 150 support, the price may fall towards support of USD 145 in the near future.

Technical indicators

MacD – MacD for SOL/USD is gaining a pace in the bear zone.

RSI hours (relative strength indicator) – RSI for SOL/USD is below level 50.

Main support levels – USD 158 and USD 155.

Main resistance levels – USD 162 and USD 168.