đ Solana Blasts Past $200âBulls Charge Toward $220â$250 Range! đ„đ
Above $185, Solana rose again. SOL is reversing gains and may find bids at $195.
SOL price rose over $185 and $192 vs the US Dollar.
The price is over $195 and the 100-hourly SMA.
The hourly SOL/USD chart shows a bullish trend line with support at $199.
If it breaks $205 barrier, the pair may rise again.
Solana Price Rises
After breaking $180 barrier, Solana price rose like Bitcoin and Ethereum. SOL entered a short-term bullish zone over $185.
The price broke $200 barrier. After reaching $207, the price is correcting. The 23.6% Fib retracement line of the upward run from the $178 swing low to the $207 high was tested below $205.
Above $195 and the 100-hourly simple moving average, Solana trades. On the hourly SOL/USD chart, a bullish trend line with support at $199 is formed.
The price faces upward resistance at $205. Around $208 is the next significant resistance. The $215 resistance may be key. Close above $215 barrier might start another steady rise. Next major resistance is $232. More advances might push the price beyond $245.
Is SOL's downside limited?
SOL may fall again if it fails to break $208 barrier. Initial negative support is between $199 and the trend line. First big support is around $195.
A break below $195 might take the stock toward the $192 support zone or the 50% Fib retracement level of the $178 swing low to $207 high. If the price closes below $192, it may fall below $185.
Tech Indicators
Hourly MACD - SOL/USD MACD is falling in the positive zone.
Hourly Hourly S RSI RSI for SOL/USD is over 50.
Major Support Levels: $199, $192.
$208â$215 are major resistance levels.
