Solana began a recovery wave above the resistance zone worth 132 USD. The SOL price is now consolidated and can fight to regain resistance in the amount of USD 150.
- The SOL price has started a recovery wave from the 125 USD support zone in relation to the American dollar.
- The price is currently listed above USD 130, and a 100-hour straightforward movable average.
- There is a connecting trend line with support of USD 134 on the SOL/USD hour chart (data source from Kraken).
- The couple can start a fresh growth if the bulls have cleaned the USD 142 zone.
Solan’s price is in the face of resistance
Solana Price began a recovery wave from the USD 125, such as Bitcoin and Ethereum. Sol was able to climb to the resistance levels of USD 132 and 140.
The price even cleaned the level of USD 142, but stood in the face of resistance near $ 145. The height was created in the amount of USD 145, and the price began inheritance correction. Except for USD 142. The price dropped below 23.6% of the level of withdrawal of FIB movement from a swing worth 125 USD to the highest level of USD 145.
Solana now trads above USD 130 and a 100-hour straightforward movable average. There is also a combining line of trends with support of USD 134 on the SOL/USD hour chart.
On the other hand, the price is in the face of resistance near the level of 140 USD. Another earnest resistance is close to USD 142. The main resistance can be 145 USD. A successful closure above the resistance zone of 145 USD can set a pace for another constant growth. The next key resistance is USD 150. Any profits can send a price to USD 162.
Another decrease in SOL?
If the SOL does not raise above 142 USD resistance, it may start another decrease. Initial support in the minus is located near the USD 135 zone and 50% of the upward of the FIB Ruch Up Run from USD 125 to the highest level of USD 145. The first vast support is located near USD 133.
A break below USD 133 may send a price to the $ 125 zone. If below the support of USD 125 is similar, the price may drop in the direction of $ 114 in the near future.
Technical indicators
MacD – MacD for SOL/USD loses the pace in the stubborn zone.
RSI hours (relative strength indicator) – RSI for SOL/USD is below level 50.
Main support levels – USD 135 and USD 133.
Main resistance levels – USD 142 and 145 USD.
