Solana began a new increase compared to the $ 120 support area. The soil price is now consolidated and could climb more above the resistance area of $ 142.
- Sol Price has started a new increase higher at the levels of $ 125 and $ 132 compared to the US dollar.
- The price is now traded above $ 130 and the mobile average at 100 hours.
- There is an upward connection trend line that is formed with the $ 137 support on the time graph of the Sol / USD pair (Kraken data source).
- The pair could start a new increase if it erases the resistance zone of $ 142.
Solana Price earns more than 5%
Solana Price formed a base above $ 120 support and started a new increase, like Bitcoin and Ethereum. Sol has acquired a rhythm for troubleshooting above the resistance levels of $ 125 and $ 132.
The pair even increased to the resistance area of $ 145. A summit was formed at $ 143.06 and the price is now retired lower. There was a movement below the level of FIB retracement of 23.6% of the upward movement of the $ 135 low swing at the top of $ 143.
Solana is now negotiated above $ 130 and the mobile average at 100 hours. There is also a connected upward trend line forming with a support at $ 137 on the time graph of the floor / USD pair. The trend line is close to the 76.4% FIB trace level of the upward swing movement of $ 135 at the top of $ 143.
Uplining, the price is faced with resistance near the level of $ 142. The next major resistance is close to the level of $ 145. The main resistance could be $ 150. A successful closure above the resistance area of $ 150 could give the pace to another regular increase. The next keys resistance is $ 155. Other gains could send the price at $ 165.
Poll in soil?
If Sol fails to exceed the resistance of $ 142, it could start another drop. The initial support for the decline is close to the $ 138.50 area. The first major support is close to the level of $ 137 and the trend line.
A break below the $ 137 level could send the price to the $ 132 area. If there is a fence below $ 132 support, the price could decrease to the support of $ 125 in the short term.
Technical indicators
MacD Schedule – The MacD for Floor / USD wins the pace in the Haussier zone.
RSI schedules (Relative resistance index) – The RSI for soil / USD is higher at level 50.
Major support levels – $ 137 and $ 132.
Major resistance levels – $ 142 and $ 145.
