Solana began a new decrease in the $ 188 area. Sol Price is now going down and could decrease even more below the level of $ 170.
- Sol Price began a new decrease in the $ 188 resistance zone against the US dollar.
- The price is now quoted below $ 180 and the single mobile average of 100 hours.
- There is a bold connection line of connection that is formed with resistance to $ 176 in the graph per hour of the sun/USD (Kraken data source).
- The torque could begin a new increase if the $ 180 resistance zone erases.
Solana’s price is submerged again
Solana’s price formed a base above the $ 170 support and began a new increase, such as Bitcoin and Ethereum. Sol gained rhythm for a movement above the resistance levels of $ 172 and $ 175.
The price tested the resistance of $ 188 before there was a new fall to $ 170. A minimum of about $ 170 was formed and the price recently tried a new increase. The price cleared the level of $ 172. It exceeded the FIB recoil level of 23.6% of the recent decrease in the high verification of $ 188 to the minimum of $ 170.
Solana is now quoted below $ 180 and the single mobile average of 100 hours. There is also a bold connection line of connection that is formed with resistance to $ 176 in the graph per hour of the sun/usd torque.
On the positive side, the price faces resistance close to the level of $ 176. The following important resistance is close to the level of $ 180. The main resistance could be $ 185. A successful closure above the resistance zone of $ 185 could establish the rhythm for another constant increase. The following key resistance is $ 192. More profits can send the price to the level of $ 200.
Another decrease in sun?
If Sol does not rise above the resistance of $ 176, another decrease could begin. The initial support at the disadvantage is close to the $ 172 zone. 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 and the trend line. If there is a closure below the $ 165 support, the price could decrease towards the $ 160 support in the short term.
Technical indicators
Macd per hour: The MacD for Sol/USD is gaining rhythm in the bearish zone.
Hours per hour RSI (Relative Force Index): The RSI for Sol/USD is below the level of 50.
Important support levels: $ 172 and $ 170.
Main levels of resistance: $ 176 and $ 180.
