Solana has started a new increase in the $ 120 support zone. The Sol price is now unified and more than $ 142 resistance area may climb.
- Sol PRICE has started a new increase over $ 125 and $ 132 against the US dollar.
- The price is now trading over $ 130 and the simple moving average for 100 hours.
- There is a bullish -supporting trend at $ 137 on the watch chart for the Sol/USD (data source from Kraken).
- The pair can start with a new increase if the $ 142 resistance area is wiped.
The Solana price earns more than 5 %
Solana price has a higher base of support of $ 120 and started a new increase, such as Bitcoin and ethereum. Sol gained a frequency of a move higher than the resistance levels $ 125 and $ 132.
The husband rose towards the resistance area 145 dollars. A height has been formed at $ 143.06 and the prices are now a decrease. There was a step less than the level of FIB re -declining by 23.6 % of the ups off from a rise of $ 135 to the highest level of $ 143.
Solana is now trading over $ 130 and a simple moving average for 100 hours. There is also a continuous upscale trend line that is formed with support at $ 137 on the watch chart for the Sol/USD pair. The trend line is located near the Rerlermering level 76.4 % of the ups of the ups of $ 135 to the highest level at 143 dollars.
In the upward direction, the price faces resistance near the level of $ 142. The following main resistance is approaching the level of $ 145. The main resistance can be $ 150. A successful closure over the resistance area of $ 150 can determine another fixed increase. The next main resistance is $ 155. Any other gains may send the price to the level of $ 165.
Decline in Seoul?
If Sol fails to rise over $ 142 resistance, another decrease may start. Initial support on the downside is near the $ 138.50 region. The first major support is near the level of $ 137 and the direction line.
It may send a break lower than the level of $ 137, the price is about $ 132. If there is an approach to the support of $ 132, the price may decrease to support of $ 125 in the short term.
Technical indicators
Each MACD Watch – Macd is acquired for Sol/USD and a pace in the upper area.
RSI Hour Watches (Relative Power Index) – RSI for Sol/USD higher than 50 level.
Main support levels – $ 137 and $ 132.
Main resistance levels – $ 142 and $ 145.
