Solana started a fresh increase above the $188 0 price is now consolidating above $200 and might aim for more gains above the $208 1 price started a fresh upward move above the $185 and $188 levels against the US 2 price is now trading above $200 and the 100-hourly simple moving 3 is a bullish trend line forming with support at $199 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $208 resistance 4 Price Jumps Further Above $200 Solana price started a decent increase after it settled above the $172 zone, beating Bitcoin and 5 climbed above the $180 level to enter a short-term positive 6 price even smashed the $188 7 bulls were able to push the price above the 61.8% Fib retracement level of the main drop from the $225 swing high to the $155 low.
Besides, there is a bullish trend line forming with support at $199 on the hourly chart of the SOL/USD 8 is now trading above $202 and the 100-hourly simple moving 9 the upside, the price is facing resistance near the $208 level and the 76.4% Fib retracement level of the main drop from the $225 swing high to the $155 10 next major resistance is near the $218 11 main resistance could be $225. A successful close above the $225 resistance zone could set the pace for another steady 12 next key resistance is $242. Any more gains might send the price toward the $250 13 Pullback In SOL? If SOL fails to rise above the $208 resistance, it could start another 14 support on the downside is near the $199 zone and the trend 15 first major support is near the $195 level.
A break below the $195 level might send the price toward the $190 support 16 there is a close below the $190 support, the price could decline toward the $180 support in the near 17 Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish 18 Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 19 Support Levels – $199 and $190. Major Resistance Levels – $208 and $218.
Story Tags
Latest news and analysis from NewsBTC
