Solana began a new drop compared to the $ 172 zone. The ground price is now lower and could decrease further below the $ 155 level.
- Sol Price began a new drop compared to the resistance zone of $ 172 compared to the US dollar.
- The price is now negotiated below $ 162 and the mobile average at 100 hours.
- There is a wrestling trend line forming with resistance at $ 160 on the hourly graph of the ground / USD pair (Kraken data source).
- The pair could start a new increase if it erases the resistance zone of $ 160.
The Solana price drops again
Solana Price failed to continue above the level of $ 172 and started a new drop, like Bitcoin and Ethereum. Sol has acquired a rhythm and exchanged below the level of support of $ 160.
The price even exchanged below the level of $ 155. A hollow formed almost $ 150 and the price recently started a recovery wave. There was a movement above the $ 155 level. It exceeded the FIB level of retracement of 23.6% of the recent drop in swing of $ 180 to the highest $ 150.
Solana is now negotiated below $ 160 and the mobile average at 100 hours. There is also a lower key trend line with resistance at $ 160 on the time graph of the floor / USD pair.
Uplining, the price is faced with resistance near the level of $ 160 and the trend line. The next major resistance is close to the level of $ 165. It is close to the FIB retracement level to 50% of the recent drop in swing from $ 180 to the lowest at $ 150.
The main resistance could be $ 170. A successful closure above the resistance area of $ 170 could give the pace to another regular increase. The next keys resistance is $ 172. Other gains could send the price at $ 180.
Another drop in soil?
If Sol fails to exceed the resistance of $ 160, it could start another drop. The initial decline support is close to the $ 155 area. The first major support is close to the level of $ 152.
A break below the $ 152 level could send the price to the $ 145 area. If there is a fence below $ 145 support, the price could decrease to the support of $ 132 in the short term.
Technical indicators
MacD Schedule – The MacD for Floor / USD wins a rhythm in the lower area.
RSI schedules (Relative force index) – The RSI for soil / USD is lower than level 50.
Major support levels – $ 155 and $ 152.
Major resistance levels – $ 160 and $ 162.
