Solana began a new increase in the support zone of $ 149. At present, the sun price remains stable and can reach more above the resistance zone of $ 154.
Main Takeways:-
- Sol Price began a new increase above the levels of $ 142 and $ 145 instead of the US dollar.
- At present, the price is quoted above $ 150 and the simple mobile average of 100 hours.
- There was an ascending movement through a critical bearish resistance to $ 149 in the table per hour of the sun/USD torque.
- The couple begins a new increase if it exceeds the resistance level of $ 154.
Sol Price stabilizes after the trend up
Solana’s price developed a base on the $ 140 support and began a new increase, similar to Bitcoin and Ethereum. Sol showed an impulse to rise to resistance levels of $ 142 and $ 145.
The price was broken above a key -down trend line with resistance to $ 149 in the time graph for the sun/usd torque. It even passed over the resistance level of $ 150. The highest point reached was $ 153.90, and now the price remains stable after the increase.
The price fell under the level of $ 152 and reached the FIB recoil level of 23.6% of the price increase from the minimum fluctuation of $ 140 to the $ 154 peak. Currently, Solana lies more than $ 150 and the simple mobile average of 100 hours.
If the price rises, it meets some problems around the level of $ 152. The next great challenge is around the level of $ 154, and the main one is at the level of $ 158. If the price manages to stay above the level of $ 158, it could continue to increase constantly. After that, the next important level is $ 165, and if it continues, it could even reach the level of $ 180.
Does Solana face a downward correction?
If Sol cannot pass the resistance of $ 154, a new fall will begin. The first support in the inconvenience is close to the $ 150 zone. The first important support is close to the level of $ 147.
A decrease beyond the level of $ 147 can carry the price near the $ 145 zone and the 50% fib setback level to $ 154. If there is any closure under the $ 145 support, the price will fall in the direction of the $ 140 in the short term support.
Technical signals:-
Hours per hour RSI (relative resistance index): The RSI for Sol/USD is currently higher than the level of 50.
MACD per hour (Mobile average convergence divergence): The MacD for Sol/USD is increasing the impulse in the upward zone.
- $ 147 and $ 145 – Important support levels
- $ 154 and $ 158 – Important resistance levels
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