Solana began a new increase over the $ 245 area. Sol Price is now correcting some gains and you may find offers close to $ 242 or $ 240.
- Sol PRICE started a new upward step over $ 242 and $ 245 against the US dollar.
- The price is now trading over $ 240 and the simple moving average for 100 hours.
- There was a break over the main dumping line with resistance at $ 240 on the watch chart for the Sol/USD (data source from Kraken).
- The husband can extend losses if less than $ 240 decreases.
Solana Price corrects some gains
Solana Price began a decent increase after settling $ 232, overcoming Bitcoin and Ethereum. Seoul rose above the level of $ 240 to enter a short -term positive area.
There was a break over the main dumping line with resistance at 240 dollars on the watch chart for the Sol/USD pair. The price even broke the resistance is $ 245. The bulls were able to pay the price over the $ 250 barrier. A height was formed near $ 253, and the price recently corrected some gains.
There was 23.6 % lower step than FIB Restore level of up to $ 232 to $ 233 to $ 253. However, the bulls were active above 242 dollars.
Solana is now trading over $ 242 and a simple moving average for 100 hours. In the upward direction, the price faces resistance near the level of $ 248. The next main resistance is near the level of $ 254. The main resistance can be $ 255. A successful closure over the resistance area of $ 255 can determine another fixed increase. The next main resistance is $ 268. Any other gains may send the price to the level of $ 272.
More losses in Seoul?
If Sol fails to rise over $ 248 resistance, another decrease may start. Initial support on the downside near the $ 242 area and the REERRERMENT level is 50 % of the upward wave from an increase of $ 232 to an increase of $ 253. The first main support is near the level of $ 240.
It may send a break lower than $ 240 the price to the $ 232 support zone. If there is an approach to the support of $ 232, the price may decrease towards the support of $ 220 in the short term.
Technical indicators
Every MACD – Macd for Sol/USD lose a pace in the upscale area.
RSI Hour Watches (Relative Power Index) – RSI for SOL/USD less than 50 level.
Main support levels – $ 242 and $ 240.
Main resistance levels – $ 248 and $ 255.
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