Solana began a new decrease from $ 172. The Sol price has decreased now and may decrease below the level of $ 155.
- Sol PRICE began a new decrease from the $ 172 resistance area against the US dollar.
- The price is now trading to less than $ 162 and the simple moving average for 100 hours.
- There is a major landing line formed with resistance at $ 160 on the watch chart for the Sol/USD (data source from Kraken).
- The husband can start a new increase if he wipes the resistance area of $ 160.
Solana’s price decreased again
Solana Price failed to continue higher than $ 172 and began a new decrease, such as Bitcoin and Ethereum. Seoul gained a pace and trading less than the support level of $ 160.
Trading price even less than $ 155. A decrease was formed near $ 150 and the price has recently started the recovery wave. There was a step above $ 155. The level of FIB re -declining by 23.6 % has exceeded the last decrease from an increase of $ 180 to $ 150.
Solana is now trading less than $ 160 and a simple moving average for 100 hours. There is also a major downward trend line that is formed with resistance at $ 160 on the watch chart for the Sol/USD.
In the upward direction, the price faces resistance near the level of $ 160 and the direction line. The next main resistance is near the level of $ 165. It is close to the REERERERMENT level by 50 % of the last decrease of $ 180 to $ 150.
The main resistance can be $ 170. A successful closure over the resistance area of $ 170 can determine another fixed increase. The next main resistance is $ 172. Any other gains may send the price to the level of $ 180.
Another decrease in Seoul?
If Sol fails to rise over $ 160 resistance, another decrease may start. Initial support on the downside is near the $ 155 region. The first main support is near the level of $ 152.
A $ 152 lower break may send the price towards $ 145. If there is an approach to the support of $ 145, the price may decrease to $ 132 in the short term.
Technical indicators
Every MACD Watch – Macd is acquired for Sol/USD and a pace in the Habboudia area.
RSI Hour Watches (Relative Power Index) – RSI for SOL/USD less than 50 level.
Main support levels – $ 155 and $ 152.
Main resistance levels – $ 160 and $ 162.
