Solana started a new drop from the $ 200 area. The Sol price is down by more than 10% and could even have difficulty staying above the support area of $ 175.
- Sol Price has started a new drop below $ 200 and $ 185 levels compared to the US dollar.
- The price is now exchanged below $ 185 and the simple 100 -hour mobile average.
- There is a reliable trendy line that is resisted with $ 182 on the time graphics of the Sol/USD couple (source of data from Kraken).
- The couple could start a new increase if the bulls cancel the $ 185 area.
The price of the soleman immerses himself further
Solana’s price fought to eliminate the resistance of $ 205 and has started a new decline, submerged Bitcoin and Ethereum. Sol decreased below the support levels of $ 200 and $ 192.
He even dived below the level of $ 185. The recent minimum was trained at $ 174 and the price is now consolidating the losses with a bearish corner below the FIB retracing level of 23.6% of the move towards Bass from above $ 205 to a minimum of $ 174.
Solana is now exchanged below $ 185 and the simple 100 -hour mobile average. On the positive side, the price is facing a resistance close to the level of $ 182
The next great resistance is close to the level of $ 185. The main resistance could be $ 190 and the FIB retracement level of 50% of the move down from above $ 205 at the top of the low swing from $ 174.
A successful closure above the $ 190 resistance area could establish the rhythm for another constant increase. The next key resistance is $ 198. Other earnings may send the price to the level of $ 205.
Another decline in Sol?
If Sol cannot go up above the resistance of $ 185, he could start another decline. The initial support on the reverse of the medal is close to the $ 174 area. The first important support is close to the level of $ 170.
A break below the $ 170 level could send the price to the $ 165 area. If there is a closing below the support of $ 165, the price could decrease towards the support of $ 150 in the short term.
Technical indicators
MACD TIME – The MacD for Sol/USD is gaining rhythm in the bearish area.
RSI hourly hours (relative resistance index) – The RSI for Sol/USD is lower than level 50.
Main support levels – $ 174 and $ 170.
The main resistance levels – $ 182 and $ 185.