Solana began a new increase in the $ 162 region. Sol PRICE is now integrating gains and may aim to make more gains over the $ 172 region.
- Sol PRICE has started a new upward step over $ 165 and $ 166 for the US dollar.
- The price is now trading over $ 165 and the simple moving average for 100 hours.
- There is a contracting triangle formed with resistance at $ 168 on the watch chart for the Sol/USD (data source from Kraken).
- The husband can start with a new increase if the 172 -dollar resistance area is wiped.
Solana Price Eyes Eypepride Break
Solana Price began a decent increase after I found support near the $ 162 region, such as Bitcoin and Ethereum. Seoul rose above the level of $ 165 to enter a short -term positive area.
The price even broke the resistance of $ 1682. The bulls were able to pay the price above 50 % of the declining move from a rise of $ 172 to $ 162. However, the bears are active near the $ 170 region.
The level of FIB decline by 76.4 % of the transition to the declining from the tower of $ 172 to a level less than $ 162 is resistant. There is also a contracting triangle formed resistance at $ 168 on the watch chart for the Sol/USD husband.
Solana is now trading over $ 165 and a simple moving average for 100 hours. In the upward direction, the price faces resistance near the level of $ 170. The next main resistance is approaching the level of $ 172. The main resistance can be $ 175. A successful closure over the 175 -dollar resistance area can determine another fixed increase. The next main resistance is $ 182. Any other gains may send the price to the level of $ 192.
Are the negative aspects limited in Seoul?
If Sol fails to rise over $ 170 resistance, another decrease may start. Initial support on the downside is near the $ 164 region. The first main support is near the level of $ 162.
A $ 162 lower break may send the price to $ 152 support zone. If there is an approach to the support of $ 150, the price may decrease to the support of $ 145 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 higher than 50 level.
Main support levels – $ 164 and $ 162.
Main resistance levels – $ 170 and $ 172.
The post Solana (SOL) Poised for Move – Can It Clear This Barrier? first appeared on Investorempires.com.
