Solana has started a modern boost compared to the $ 162 zone. The SOL price is now consolidating profits and can strive for more benefits above the zone 172 USD.
- The SOL price started fresh up above 165 and 166 USD in relation to the American dollar.
- The price is now trading above USD 165, and a 100-hour straight moving average.
- There is a contract triangle with a resistance of USD 168 on the SOL/USD hour chart (data source from Kraken).
- The couple can start a modern boost if they immaculate the resistance zone of USD 172.
Solana Price Eyes Break
Solana Price began a decent growth after the importance of support near the USD 162, such as Bitcoin and Ethereum. Sol increased above USD 165 to enter the tiny -term positive zone.
The price even broke the resistance of USD 1682. Bulls were able to exceed the price above 50% of the level of release of relegation from $ 172 to the lowest level of USD 162. However, bears are busy near the USD 170 zone.
Withdrawal level 76.4% FIB down movement from a swing worth $ 172 to a low level of USD 162 acts as resistance. There is also a contract triangle with a resistance of USD 168 on the SOL/USD hour chart.
Solana now trads above USD 165 and a 100-hour basic movable average. On the other hand, the price is in the face of resistance near the level of 170 USD. Another high resistance is near $ 172. The main resistance can be 175 USD. A successful closure above the resistance zone in the amount of USD 175 can set a pace for another constant growth. The next key resistance is USD 182. Any profits can send a price to $ 192.
Is the flaws circumscribed in SOL?
If the SOL does not boost above the resistance of USD 170, it may start another decrease. Initial support in the minus is located near the USD 164 zone. The first enormous support is located near the level of USD 162.
A break below USD 162 may send a price to the 152 USD support 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 loses the pace in the stubborn zone.
RSI hours (relative strength indicator) – RSI for SOL/USD is above level 50.
Main support levels – USD 164 and USD 162.
Main resistance levels – 170 USD and 172 USD.
