Solana has started a up-to-date raise compared to the USD 175 zone. The Sol price is recovering and can strive for traffic above the retaining zone in the amount of USD 188.
- The SOL price started recovering after testing the USD 175 zone compared to the American dollar.
- The price is currently trading above USD 182, and a 100-hour uncomplicated movable average.
- There was a break over the connecting bear trend line with resistance in the amount of USD 183 at the Sol/USD hour chart (data source from Kraken).
- The couple can start a up-to-date growth if they immaculate the $ 188 resistance zone.
Solana Price Eyes lasting growth
The Solana price extended the losses after it was close to under 188 USD, such as Bitcoin and Ethereum. Sol traded below the levels of USD 185 and USD 108 to enter the low -term bear zone.
Low was created in the amount of USD 175, and the price is now trying fresh growth. The price exceeded the resistance levels of USD 180 and USD 182. There was a traffic above 23.6% of the downward FIB withdrawal level from $ 210 to the lowest level of USD 175.
In addition, there was a break over the connecting bear trend line with a resistance of USD 183 on the Sol/USD hour chart. Solana now trades above USD 182 and a 100-hour uncomplicated movable average.
On the other hand, the price is in the face of resistance near the level of USD 188. Another immense resistance is near the level of USD 192 or 50% of the level of fibs down fibo down from a height of USD 210 to the lowest level of 175 USD. The main resistance can be 195 USD. A successful closure above the resistance zone in the amount of $ 195 can set a pace for another constant growth. The next key resistance is 200 USD. Any profits can send a price to USD 210.
Another decrease in SOL?
If the Sol does not raise above the resistance of USD 188, it can still go down. Initial support in the minus is located near the USD 184 zone. The first grave support is close to USD 180.
A break below USD 180 may send a price to the support zone of USD 175. If below support in the amount of 175 USD is closing, the price may decline in support of USD 166 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 180 and 175 USD.
Main levels of resistance – USD 188 and USD 192.
