Solana began a recent improve from the $132 assist zone. SOL worth is now consolidating and may climb additional above the $155 resistance zone.
SOL worth began a recent improve above the $135 and $150 ranges towards the US Greenback.
The worth is now buying and selling above $150 and the 100-hourly easy transferring common.
There’s a connecting bullish pattern line forming with assist at $150 on the hourly chart of the SOL/USD pair (knowledge supply from Kraken).
The pair might begin a recent improve if it clears the $155 resistance zone.
Solana Worth Positive factors Over 10%
Solana worth shaped a base above the $132 assist and began a recent improve, like Bitcoin and Ethereum. SOL gained tempo for a transfer above the $135 and $145 resistance ranges.
The pair even spiked towards the $150 resistance zone. A excessive was shaped at $154.55 and the worth is now consolidating positive factors. There was a minor transfer under the 23.6% Fib retracement degree of the upward transfer from the $145 swing low to the $155 excessive.
Solana is now buying and selling above $150 and the 100-hourly easy transferring common. There may be additionally a connecting bullish pattern line forming with assist at $150 on the hourly chart of the SOL/USD pair. The pattern line is near the 50% Fib retracement degree of the upward transfer from the $145 swing low to the $155 excessive.
On the upside, the worth is going through resistance close to the $154 degree. The following main resistance is close to the $155 degree. The principle resistance could possibly be $162. A profitable shut above the $162 resistance zone might set the tempo for an additional regular improve. The following key resistance is $175. Any extra positive factors may ship the worth towards the $180 degree.
Pullback in SOL?
If SOL fails to rise above the $155 resistance, it might begin one other decline. Preliminary assist on the draw back is close to the $150 zone. The primary main assist is close to the $145 degree.
A break under the $145 degree may ship the worth towards the $138 zone. If there’s a shut under the $138 assist, the worth might decline towards the $132 assist within the close to time period.
Technical Indicators
Hourly MACD – The MACD for SOL/USD is gaining tempo within the bullish zone.
Hourly Hours RSI (Relative Energy Index) – The RSI for SOL/USD is above the 50 degree.
Main Help Ranges – $150 and $145.
Main Resistance Ranges – $155 and $162.
