Solana began a fresh decrease from the USD 172 zone. The SOL price is now lower and may drop below USD 155.

• The price of SOL started again a decrease in relation to the resistance zone in the amount of USD 172 compared to the American dollar.
• The price is currently listed below USD 162, and a 100-hour basic movable average.
• There is a key line of the Bear Trend with a resistance of USD 160 on the SOL/USD hour chart (data source from Kraken).
• The couple can start a novel growth if they cleanse the $ 160 resistance zone.

The Solana price will fall again

Solana Price did not reach a higher level above USD 172 and began a fresh drop, such as Bitcoin and Ethereum. Sol gained a pace and traded below the level of support of USD 160.

The price was even sold below USD 155. The low was created nearly USD 150, and the price has recently started a recovery wave. There was traffic above USD 155. Exceeded 23.6% of the level of recovery of a recent decrease from $ 180 to the lowest level of USD 150.

Solana is now trading below USD 160 and a 100-hour straight movable average. There is also a key line of bears trend formed with a resistance of USD 160 on the Sol/USD hour chart.

On the other hand, the price is in the face of resistance near the level of USD 160 and the trend line. The next main resistance is close to USD 165. It is similar to 50% of the level of drainage of the last inheritance from a swing worth 180 USD to the lowest level of USD 150.

The main resistance can be 170 USD. A successful closure above the resistance zone of 170 USD can set a pace for another constant growth. The next key resistance is 172 USD. Any profits can send a price to USD 180.

Another decrease in SOL?

If the SOL does not enhance above the resistance of USD 160, it may start another decrease. Initial support in the minus is located near the USD 155 zone. The first huge support is located near USD 152.

The break below USD 152 may send a price to the zone 145 USD. If there is a closure below below, the price may drop in the direction of USD 132 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 155 and USD 152.

Main resistance levels – USD 160 and USD 162.