Solana began a new decrease from the $ 200 region. Sol price has decreased more than 10 % and may struggle to stay higher than the $ 175 support zone.
- Sol PRICE has started a new decrease less than $ 200 and $ 185 against the US dollar.
- The price is now trading to less than $ 185 and the simple moving average for 100 hours.
- There is a declining directional line connected to resistance at $ 182 on the watch chart for the Sol/USD (data source from Kraken).
- The pair can start with a new increase if the bulls wiped a $ 185 region.
Solana’s price has decreased more
Solana Price struggled to disinfect the $ 205 resistance and began to decline, as it was the bitcoin column and the weak performance. Sol decreased lower than support levels $ 200 and $ 192.
He even decreased below $ 185. The last bottom has been formed at 174 dollars, and the price is now unifying the losses at a declining angle lower than the RERRERRERDING FIB level by 23.6 % of the transition to the bottom of the alternative of $ 205 to $ 174 low.
Solana is now trading less than $ 185 and a simple moving average for 100 hours. In the upward direction, the price faces resistance near the level of $ 182. There is also a declining trend line that is formed with resistance at $ 182 on the watch chart for Sol/USD.
The next main resistance is near the level of $ 185. The main resistance can be $ 190 and the REERRERMENT level by 50 % of the declining move from the 205 dollar swing to the level of $ 174.
A successful closure over the resistance area can determine $ 190, another fixed increase. The next main resistance is $ 198. Any other gains may send the price towards the level of $ 205.
Another decrease in Seoul?
If Sol fails to rise over $ 185 resistance, another decrease may start. Initial support on the downside is near the $ 174 region. The first main support is near the level of $ 170.
It may send a break lower than $ 170 the price towards a $ 165 region. If there is an approach to the support of $ 165, the price may decrease to the support of $ 150 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 – $ 174 and $ 170.
Main resistance levels – $ 182 and $ 185.
