Solana began a new decrease from $ 250. Sol PRICE now showcases Habboudia and may decrease even about $ 200 support.
- Sol PRICE has started a new decrease less than $ 240 and $ 230 for the US dollar.
- The price is now trading to less than $ 220 and the simple moving average for 100 hours.
- There is a major landing line formed with resistance at $ 222 on the watch chart for the Sol/USD (data source from Kraken).
- The price can extend the losses if it remains less than $ 215 and $ 222.
Solana’s price decreased again
Solana Price failed to stay over $ 250 and began to decrease a new, such as Bitcoin and Ethereum. Sol was traded without the $ 240 support levels and $ 232 to enter the landing zone.
The bears even paid the price to less than $ 220 and the simple moving average for 100 hours. A decrease has been formed at 207 dollars, and the price is now unifying the losses below the FIB spread by 23.6 % of the transition to the bottom from an increase of $ 254 to $ 207.
Solana is now trading to less than $ 220 and a simple moving average for 100 hours. Moreover, there is a major downward trend line that is formed with resistance at $ 222 on the watch chart for the Sol/USD.
If there is a recovery wave, the price may face resistance near the level of $ 215. The next main resistance is close to the level of $ 220 or the trend line. The main resistance can be 230 dollars or the Rernerment level by 50 % of the declining move from the alternative of $ 254 to $ 207.
A successful closure over the $ 230 resistance area can determine another fixed increase. The next main resistance is $ 242. Any other gains may send the price to the level of $ 250.
More losses in Seoul?
If Sol fails to rise over $ 222 resistance, it may continue to move. Initial support is on the negative side near the $ 207 area. The first main support is near the level of $ 202.
It may send a break lower than the level of $ 202 the price towards the support area of $ 200. If there is an approach to the support of $ 200, the price may decrease to the support of $ 184 in the short term.
Technical indicators
Every MACD Watch – Macd is acquired for Sol/USD and a pace in the Habboudia area.
RSI Hour Watches (Relative Power Index) – RSI for SOL/USD less than 50 level.
Main support levels – $ 202 and $ 200.
Main resistance levels – $ 215 and $ 222.
The post Solana (SOL) Takes Hit – Is This Start of Bearish Move Toward $200? first appeared on Investorempires.com.
