SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe main resistance could be $188. A successful close above the $185 and $188 resistance levels could set the pace for another steady increase. The next key resistance is $195. Any more gains might send the price toward the $200 level.<\/p>\n
Downside Correction in SOL?<\/h2>\n If SOL fails to rise above the $182 resistance, it could start a downside correction. Initial support on the downside is near the $180 level. The first major support is near the $176 level or the 61.8% Fib retracement level of the upward move from the $172.35 swing low to the $182.10 high.<\/p>\n
A break below the $176 level might send the price toward the $172 zone. If there is a close below the $172 support, the price could decline toward the $165 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n
Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n
Major Support Levels \u2013 $1878 and $176.<\/p>\n
Major Resistance Levels \u2013 $182 and $185.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana started a steady increase above the $165 resistance zone. SOL price is trading well above $175 and aiming for more gains above $185. SOL price is showing positive signs from the $165 support zone against the US Dollar. The price is now trading above $172 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $177 on the hourly chart of the SOL\/USD pair (data source from Kraken). The pair could gain bullish momentum to retest $200 if it clears the $182 resistance. Solana Price Eyes More Upsides Solana price formed a base above the $160 level and started a fresh increase like Bitcoin and Ethereum. There was a decent move above the $165 and $170 resistance levels. The bulls even pumped the price above $175. There was a break above a key bearish trend line with resistance at $177 on the hourly chart of the SOL\/USD pair. The pair even tested $182 and it currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $172.35 swing low to the $182.10 high. Solana is now trading above $172 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $182 level. The next major resistance is near the $185 level. The main resistance could be $188. A successful close above the $185 and $188 resistance levels could set the pace for another steady increase. The next key resistance is $195. Any more gains might send the price toward the $200 level. Downside Correction in SOL? If SOL fails to rise above the $182 resistance, it could start a downside correction. Initial support on the downside is near the $180 level. The first major support is near the $176 level or the 61.8% Fib retracement level of the upward move from the $172.35 swing low to the $182.10 high. A break below the $176 level might send the price toward the $172 zone. If there is a close below the $172 support, the price could decline toward the $165 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level. Major Support Levels \u2013 $1878 and $176. Major Resistance Levels \u2013 $182 and $185.<\/p>\n","protected":false},"author":67,"featured_media":650450,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[12837,83626,89318,86410,83627],"class_list":["post-650448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\n
Solana (SOL) Aims for $200 Retest: Is Momentum Building?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n