Solana has started a recent boost compared to the USD 142 support zone. The SOL price is now consolidated and may boost above the resistance zone of USD 155.
- The SOL price began a recent boost above levels 140 and 142 USD in relation to the American dollar.
- The price is currently trading above 145 USD, and a 100-hour elementary movable average.
- There is a compact -term contract triangle with a resistance of USD 152 on the SOL/USD hour chart (data source from Kraken).
- The couple can start a recent growth if they cleanse the $ 155 resistance zone.
Solana Price consolidates profits
Solana Price was the base above support worth USD 135 and began a recent growth, such as Bitcoin and Ethereum. Sol has gained a pace of movement above the resistance levels of USD 140 and USD 142.
The pair even increased towards the retaining zone of USD 155. The amount was created in the amount of USD 153.30 before withdrawal. The price has fallen below USD 150. The low was created at 145 USD, and the price began the consolidation phase above 23.6% of the level of withdrawal of the FIB of inheritance movement from a height of USD 153.30 to a low level of USD 145.54.
Solana is now trading below 152 USD and a 100-hour straight movable average. There is also a compact -term contract triangle with a resistance of USD 152 on the Sol/USD hour chart.
On the other hand, the price is in the face of resistance near the level of 149.50 USD. The next main resistance is close to USD 150. The main resistance can be USD 152, and the level of withdrawal down 76.4% of transfer down from USD 153.30 height to a low level of USD 145.54.
A successful closure above the resistance zone of USD 152 can set a pace for another constant growth. The next key resistance is USD 155. Any profits can send a price to USD 165.
Correction of defect in SOL?
If the SOL does not boost above the resistance of USD 150, it may start another decrease. Initial support in the minus is located near the USD 147 zone. The first huge support is located near the level of 145 USD.
A break below USD 145 can send a price to the USD 138 zone. If the support of USD 138 below is a closure, the price may drop in the direction of $ 132 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 147 and 145 USD.
Main resistance levels – USD 150 and USD 155.
