#CreatorPad
⚡ Solana Holds the Line — Is a Breakout Rally on the Horizon?
Above $185, Solana rose again. SOL price is stabilizing at $190 and may rise above $200.
SOL price rose over $185 and $192 vs the US Dollar.
The price is over $190 and the 100-hourly SMA.
SOL/USD broke below a positive trend line with support at $202 on the hourly chart.
This pair might continue gains if it breaks $198 resistance.
Price of Solana to Rise
Solana price rose after finding support at $185, like Bitcoin and Ethereum. SOL entered a short-term bullish zone over $192.
The price broke $200 barrier. Bulls took the price over $202. The price recently retreated gains below the 23.6% Fib retracement line of the upward run from the $174 swing low to the $210 high.
SOL/USD broke below a positive trend line with support at $202 on the hourly chart. However, bulls were active at $188 and the 61.8% Fib retracement line of the $174 swing low to $210 high upward advance.
Above $190 and the 100-hourly simple moving average, Solana trades. The stock faces upward resistance at $198. Near $200 is the next significant resistance.
The major obstacle may be $202. Close above $202 barrier might start another steady rise. The next major resistance is $210. More advances might push the price toward $220.
Another SOL Drop?
SOL may tumble again if it fails to break $200. Near $192 is first downside support. Near $188 is the first big support.
Breach below $188 might drive price below $180 support. If the price closes below $180, it may fall below $175.
Tech Indicators
Hourly MACD - SOL/USD MACD is falling in the positive zone.
Hourly RSI – RSI for SOL/USD is below 50.
Major Support Levels: $192, $188.
Two major resistance levels: $200 and $210.
