Solana Price (SOL) Targets New Monthly High: Bulls in Control
26 Luglio 2024 - 6:58AM
NEWSBTC
Solana started a fresh increase from the $165 zone. SOL price is
showing signs of strength and might climb further above the $182.50
resistance. SOL price started a decent upward move from the $165
support against the US Dollar. The price is now trading near $175
and the 100-hourly simple moving average. There was a break above a
connecting bearish trend line with resistance at $170 on the hourly
chart of the SOL/USD pair (data source from Kraken). The pair could
aim for more upsides if it clears the $182.50 resistance level.
Solana Price Remains In Positive Zone Above $165 Solana price
started a downside correction from $152.50 like Bitcoin and
Ethereum. It traded below the $175 and $172 support levels. There
was a drop below the $170 level. Finally, it tested the $165
support. A low is formed at $165.12 and the price is again rising.
There was a break above the $170 and $172 resistance levels. The
price surpassed the 50% Fib retracement level of the downward move
from the $182.51 swing high to the $165.12 low. Besides, there was
a break above a connecting bearish trend line with resistance at
$170 on the hourly chart of the SOL/USD pair. Solana is now trading
near the $175 level. It seems to be struggling near the 61.8% Fib
retracement level of the downward move from the $182.51 swing high
to the $165.12 low. On the upside, the price is facing resistance
near the $175 level. The next major resistance is near the $182.50
level. A successful close above the $182.50 resistance could set
the pace for another steady increase. The next key resistance is
near $192. Any more gains might send the price toward the $200
level. Are Dips Limited in SOL? If SOL fails to rise above the
$182.50 resistance, it could start another decline. Initial support
on the downside is near the $172 level. The first major support is
near the $170 level. A break below the $170 level might send the
price toward $165. If there is a close below the $165 support, the
price could decline toward the $155 support in the near term.
Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining
pace in the bullish zone. Hourly Hours RSI (Relative Strength
Index) – The RSI for SOL/USD is above the 50 level. Major Support
Levels – $172 and $170. Major Resistance Levels – $175 and $182.50.
Grafico Azioni Solana (COIN:SOLUSD)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Solana (COIN:SOLUSD)
Storico
Da Lug 2023 a Lug 2024