Solana began a recent enhance from the $132 help zone. SOL value is now consolidating and may climb additional above the $155 resistance zone.
- SOL value began a recent enhance above the $135 and $150 ranges in opposition to the US Dollar.
- The value is now buying and selling above $150 and the 100-hourly easy shifting common.
- There is a connecting bullish pattern line forming with help at $150 on the hourly chart of the SOL/USD pair (knowledge supply from Kraken).
- The pair might begin a recent enhance if it clears the $155 resistance zone.
Solana Price Gains Over 10%
Solana value shaped a base above the $132 help and began a recent enhance, 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 value is now consolidating positive factors. There was a minor transfer beneath the 23.6% Fib retracement stage 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 shifting common. There can be a connecting bullish pattern line forming with help at $150 on the hourly chart of the SOL/USD pair. The pattern line is near the 50% Fib retracement stage of the upward transfer from the $145 swing low to the $155 excessive.
On the upside, the value is going through resistance close to the $154 stage. The subsequent main resistance is close to the $155 stage. The essential resistance might be $162. A profitable shut above the $162 resistance zone might set the tempo for an additional regular enhance. The subsequent key resistance is $175. Any extra positive factors may ship the value towards the $180 stage.
Pullback in SOL?
If SOL fails to rise above the $155 resistance, it might begin one other decline. Initial help on the draw back is close to the $150 zone. The first main help is close to the $145 stage.
A break beneath the $145 stage may ship the value towards the $138 zone. If there’s a shut beneath the $138 help, the value might decline towards the $132 help 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 Strength Index) – The RSI for SOL/USD is above the 50 stage.
Major Support Levels – $150 and $145.
Major Resistance Levels – $155 and $162.
