- The SOL prize began to fall again after it did not succeed in staying over $ 200 compared to the US dollar.
- The price now acts below $ 192 and the 100-hour advancing average.
- There is a connecting Bearish trend line with resistance at $ 190 on the hour graph of the SOL/USD pair (Data Source of Kraken).
- The pair could start a new increase if the bulls pass the $ 192 zone.
Solana prize is falling again
The Solana price had difficulty reaching the $ 200-$ 205 zone and started a new decrease, just like Bitcoin and Ethereum. There was a movement under the support levels of $ 200 and $ 192.
The price even fell below $ 185 support. A low point was formed at $ 182.20, and the price now consolidates losses below the 23.6% FIB racement level of the downward movement of the $ 223 Swing High to the $ 182 Low.
The next major resistance is around the $ 192 level. The most important resistance could be $ 200 or the 50% FIB racement level of the downward movement from the $ 223 Swing High to $ 182 Low. A successful closure above the $ 200 resistance zone could determine the pace for a new steady increase. The next important resistance is $ 212. Any further profits could send the price to the $ 225 level.
Technical indicators
Hours per hour RSI (relative strength index)-the RSI for SOL/USD is below the 50 level.
Important resistance levels – $ 190 and $ 192.