Solana has started a new increase above the $ 188 area. The Sol price is now consolidating the earnings and could aim at greater earnings above the $ 200 area.
- Sol Price has started a new move above the levels of $ 180 and $ 185 compared to the US dollar.
- The price is now exchanged above $ 188 and the simple 100 -hour mobile average.
- There is a key -ups line of key -ups that is formed with $ 190 support on the time graphic of the Sol/USD couple (source of data from Kraken).
- The couple may start a new increase if it deletes the $ 200 resistance area.
Solana’s price earns impetus
Solana’s price started a decent increase after finding support near the $ 175 area, such as Bitcoin and Ethereum. Sol has risen above the $ 180 level to enter a short -term positive area.
The price even destroyed the resistance of $ 185. The Bulls were able to push the price above the FIB retracking level of 50% of the move down from above $ 206 to a minimum of $ 175. There is also a key -up line of key -up trend that is formed with support to $ 190 on the hourly graphics of the Sol/USD couple.
Solana is now exchanged above $ 190 and the simple mobile average of 100 hours. On the positive side, the price is facing a resistance close to the $ 195 level. It is close to the FIB retracement level of 61.8% of the move down from above $ 206 to a minimum of $ 175.
The next great resistance is close to the $ 198 level. The main resistance could be $ 200. A successful closure above the $ 200 resistance area could establish the rhythm for another constant increase. The next resistance to the key is $ 212. Other earnings may send the price to the $ 225 level.
Are the negative aspects limited in Sol?
If Sol cannot overcome the resistance of $ 200, another decline could start. The initial support on the reverse of the medal is close to the $ 190 area and the trend line. The first great support is close to the level of $ 188.
A break below the $ 188 level could send the price to the support area of $ 184. If there is a closing below the support of $ 184, the price could decrease towards the support of $ 175 in the short term.
Technical indicators
MACD TIME – The MacD for Sol/USD is gaining the rhythm in the bullish area.
RSI hourly hours (relative resistance index) – The RSI for Sol/USD is higher than level 50.
Main support levels – $ 190 and $ 188.
The main resistance levels – $ 195 and $ 200.