Solana (SOL) Falls Below Support, Will Bears Extend the Decline?

Solana (SOL) Falls Below Support, Will Bears Extend the Decline?

Table of Contents

Solana began a new decline from the $ 210 region. Sol PRICE now showcases Habboudia and may decrease below the $ 172 support zone.

  • Sol PRICE began a new decrease after failing to remove $ 210 against the US dollar.
  • The price is now trading to less than $ 185 and the simple moving average for 100 hours.
  • There is a declining directional line connected to resistance at $ 188 on the watch chart for the Sol/USD (data source from Kraken).
  • The husband can start a new increase if the resistance area is wiped $ 188.

Solana’s price decreased again

Solana Price failed to scan the region 210 dollars and began to decline, such as Bitcoin and ethereum. Sol was traded without support levels of $ 200 and $ 188 to enter the short -term landing zone.

The bears were able to pay the price below 50 % of the FIB’s spread from the upward transition from the decrease in the 173 dollar fluctuation to the highest level in 209 dollars. There is also a declining trend line connected to a resistance at $ 188 on the watch chart for the Sol/USD pair.

Solana is now trading less than $ 185 and a simple moving average for 100 hours. It is also less than the RERRERRERINING 76.4 % level of bullish transition from the decrease of 173 dollars to $ 209.

In the upward direction, the price faces resistance near the level of $ 182. The next main resistance is near the level of $ 184. The main resistance can be $ 188. A successful closure over the $ 188 resistance area can determine another fixed increase. The next main resistance is $ 192. Any other gains may send the price to the level of $ 200.

More losses in Seoul?

If Sol fails to rise over $ 182 resistance, it may continue to move down. Initial support on the downside is near the $ 175 region. The first main support is near the level of $ 172.

Less $ 172 lounge may send the price to the support area of $ 162. If there is an approach to the support of $ 162, the price may decrease to the support of $ 150 in the short term.

Technical indicators

Every MACD Watch – Macd is acquired for Sol/USD and a pace in the Habboudia area.

RSI Hour Watches (Relative Power Index) – RSI for SOL/USD less than 50 level.

Main support levels – $ 172 and $ 162.

Main resistance levels – $ 182 and $ 188.

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