Solana has started a new decrease less than $ 112 support. PRICE is now unified and may struggle to stay over the 100 dollar support area.
- Sol PRICE began a new decrease less than $ 112 to support against the US dollar.
- The price is now trading to less than $ 105 and a simple moving average 100 hours.
- There was a break under the main contractor triangle with support at $ 118 on the chart every hour for the Sol/USD (data source from Kraken).
- The husband can accelerate to a decrease if there is a lower rest of the support area of $ 100.
Solana price decreases over 15 %
Solana Price has started a new decrease less than $ 122 and $ 115, such as Bitcoin and Ethereum. Sol decreased to less than $ 112 support level to enter the landing zone.
There was a break under the main contractor triangle with support at $ 118 on the chart every hour for the Sol/USD husband. The price fell more than 15 % and was traded near the level of $ 102. A decrease was formed at $ 102 and the price recently started a standardization stage.
The current price procedure is still less than 23.6 % of the FIB's decline in the declining movement of the alternative of $ 121 to a level less than $ 102. Solana is now trading to less than $ 105 and a simple moving average for 100 hours.
In the upward direction, the price faces resistance near the level of $ 105. The following main resistance is approaching near the level of $ 112 or the level of FIB re -imitation by 50 % of the transition to the landing of the tower of $ 121 to the lowest level in 102 dollars. The main resistance can be $ 116.
A successful closure over the resistance area of $ 116 can determine another fixed increase. The next main resistance is $ 120. Any other gains may send the price to the level of $ 125.
Another decrease in Seoul?
If Sol fails to rise above $ 105 resistance, another decrease may start. Initial support on the negative side is near $ 102. The first main support is near the level of $ 100.
It may send a break less than the 100 dollar level, the price is about 92 dollars. If there is an approach to the support of $ 92, the price may decrease to the support of $ 84 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 – $ 102 and $ 100.
Main resistance levels – $ 105 and $ 112.
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