Solana started a new increase compared to the $ 132 support zone. Sol Price is now consolidating and can continue to climb over the $ 155 resistance zone.
- Sol Price started a new increase above $ 135 and $ 150 levels against the US dollar.
- The price is now traded above $ 150 and the 100-hour simple advancing average.
- There is a connecting bullish trend line that forms with support for $ 150 on the hour table of the SOL/USD pair (data source of Kraken).
- The couple can start a new increase if it knew the $ 155 resistance zone.
Solana -Price wins more than 10%
Solana Price formed a base over the support of $ 132 and started a new increase, such as Bitcoin and Ethereum. Sol got pace for a movement above the resistance levels of $ 135 and $ 145.
The couple even went to the $ 150 resistance zone. A high was formed at $ 154.55 and the price is now consolidating the profits. There was a small movement below the 23.6% FIB retracement level of the upward movement of the $ 145 swing low to $ 155 high.
Solana is now traded above $ 150 and the 100-hour simple advancing average. There is also a connecting bullish trend line that forms with support for $ 150 on the hour table of the SOL/USD pair. The trend line is close to the 50% FIB racement level of the upward movement of the $ 145 swing low to $ 155 high.
Moreover, the price is confronted with resistance near the level of $ 154. The next major resistance is near the $ 155 level. The most important resistance can be $ 162. A successful closure above the $ 162 resistance zone could determine the pace for a new steady increase. The next key resistance is $ 175. More profits can send the price to the $ 180 level.
Pullback in Sol?
If Sol does not exceed $ 155 resistance, this can start a new decline. The first support on the disadvantage is near the $ 150 zone. The first major support is near the level of $ 145.
A break below the level of $ 145 can send the price to the $ 138 zone. If there is an end under the support of $ 138, the price can fall to $ 132 support in the short term.
Technical indicators
Hourly MacD – The MacD for SOL/USD wins pace in the Bullish Zone.
Hours -hours RSI (relative strength -index) -The RSI for SOL/USD is above 50 level.
Important support levels – $ 150 and $ 145.
Important resistance levels – $ 155 and $ 162.
