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Solana (SOL) Preparing for a Rally?
Solana has held above $175. SOL price is recovering and facing challenges at $200 and $205.
SOL price has surged after touching $175 against the US Dollar.
The price is above $190 and the 100 hourly SMA.
SOL/USD has broken a downtrend line with resistance at $185 on the hourly chart.
If the bulls break $205, the pair could move higher again.
Solana Price Sees Upside
Solana price has developed a solid base and surged above $185 like Bitcoin and Ethereum. A solid rise occurred above the $190 and $192 barrier levels.
SOL/USD has broken a downtrend line with resistance at $190 on the hourly chart. Above $195, the pair challenged the 50% Fibonacci retracement level of the decline from the $228 high to $175 low.
The price is currently facing multiple hurdles approaching $200. Above $190 and the 100 hourly simple moving average, Solana is trading. At $202, the price is facing resistance on the upside.
The next major hurdle is $208, the 61.8% Fibonacci retracement level of the $228 swing high to $175 low. The resistance at $215 could be the key. A close above the $220 barrier could start another sustained rally. The next hurdle is $235. Further increases could push the price towards $250.
SOL Drop Again?
SOL could decline again if it fails to break the $208 barrier. The downside has initial support at $195. Near $188 is the first major support.
A breach below $180 could push the price towards $175. If the price closes below $175, it could drop to $162.
Technology Indicators
Key Support Levels: $195, $188.
$208–$215 are the key resistance levels.
#sol #MarketRebound #BTCNextMove #bitcoin $SOL $ETH $XRP #thompai
Solana has held above $175. SOL price is recovering and facing challenges at $200 and $205.
SOL price has surged after touching $175 against the US Dollar.
The price is above $190 and the 100 hourly SMA.
SOL/USD has broken a downtrend line with resistance at $185 on the hourly chart.
If the bulls break $205, the pair could move higher again.
Solana Price Sees Upside
Solana price has developed a solid base and surged above $185 like Bitcoin and Ethereum. A solid rise occurred above the $190 and $192 barrier levels.
SOL/USD has broken a downtrend line with resistance at $190 on the hourly chart. Above $195, the pair challenged the 50% Fibonacci retracement level of the decline from the $228 high to $175 low.
The price is currently facing multiple hurdles approaching $200. Above $190 and the 100 hourly simple moving average, Solana is trading. At $202, the price is facing resistance on the upside.
The next major hurdle is $208, the 61.8% Fibonacci retracement level of the $228 swing high to $175 low. The resistance at $215 could be the key. A close above the $220 barrier could start another sustained rally. The next hurdle is $235. Further increases could push the price towards $250.
SOL Drop Again?
SOL could decline again if it fails to break the $208 barrier. The downside has initial support at $195. Near $188 is the first major support.
A breach below $180 could push the price towards $175. If the price closes below $175, it could drop to $162.
Technology Indicators
Key Support Levels: $195, $188.
$208–$215 are the key resistance levels.
#sol #MarketRebound #BTCNextMove #bitcoin $SOL $ETH $XRP #thompai
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👍Like and Comment☁️
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