Solana began a fresh decrease from the $ 200 zone. The solo price has dropped by over 10% and may even try to stay above the support zone of USD 175.
- The SOL price began again a decrease below USD 200 and USD in relation to the American dollar.
- The price is currently listed below 185 USD, and a 100-hour uncomplicated movable average.
- There is a connecting line of bears treated formed with resistance in the amount of USD 182 on the Sol/USD hour chart (data source from Kraken).
- The couple can start a fresh growth if the bulls have cleaned USD 185.
Solan’s price will fall on
Solana Price fought to neat the resistance of USD 205 and began a fresh decrease, worse Bitcoin and Ethereum results. Sol has fallen below the levels of USD 200 and $ 192.
He even dived below USD 185. The last lowest levels were created in the amount of USD 174, and the price consolidates losses with a bear angle below 23.6% of the level of withdrawal of relegation FIBs from a high level worth USD 205 to a low level of swing of 174 USD.
Solana is now trading below 185 USD and a 100-hour straight movable average. On the other hand, the price is in the face of resistance near the level of USD 182. There is also a connecting line of bears trend formed with resistance of USD 182 on the Sol/USD hour chart.
Another stern resistance is close to USD 185. The main resistance can be 190 USD, and 50% of the level of Fib pulling down from the height of a swing worth $ 205 to a swing worth $ 174.
A successful closure above the $ 190 resistance zone can set a pace for another constant growth. The next key resistance is 198 USD. Any profits can send a price to USD 205.
Another decrease in SOL?
If the SOL does not escalate above the resistance of USD 185, it may start another decrease. Initial support in the minus is located near the USD 174 zone. The first gigantic support is located near the level of 170 USD.
A break below USD 170 may send a price to the USD 165 zone. If below support in the amount of USD 165 is similar, the price may decline in support of USD 150 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 – 174 USD and 170 USD.
Main resistance levels – USD 182 and USD 185.
