🚀 Solana Bulls Charge Ahead — Is a Major Breakout Brewing?
Timur7777
Updated at: 6 hours ago
{"content":"🚀 Solana Bulls Charge Ahead — Is a Major Breakout Brewing?
From $195, Solana rose again. SOL price is rising and may break $205 barrier.
SOL price began a comeback after testing $195 vs the US Dollar.
The price is below $205 and the 100-hour SMA.
SOL/USD broke over a negative trend line with resistance at $201 on the hourly chart.
If it breaks $205 barrier, the pair may rise again.
Solana Price Expects Revival
After closing below $205, Solana pricing continued falls like Bitcoin and Ethereum. SOL fell below $200 and $195 to enter a short-term bearish zone.
The price is trying to rise from $194, its low. The price broke $198 and $200 barrier. It moved over the 23.6% Fib retracement level of the $218 swing high to $194 low decline.
Moreover, the hourly SOL/USD chart broke above a connecting bearish trend line with resistance at $201. Solana is below $205 and the 100-hour SMA.
At $202, pricing faces resistance on the upward. Next big barrier is $205, representing the 50% Fib retracement of the decline from the $218 swing high to the $194 low. The major obstacle may be $209. Close over the $209 barrier zone might start another sustained rise. The next hurdle is $218. More increases might push the price toward $225.
Another SOL Drop?
SOL may fall if it fails to break $205 resistance. The downside has initial support at $200. First big support is around $195.
A breach below $195 might take pricing to $188. If the price closes below $188, it may fall below $184.
Tech Indicators
SOL/USD hourly MACD is rising in the positive zone.
Hourly RSI – RSI for SOL/USD is over 50.
Major Support: $200 and $195.
$205–$209 are major resistance levels.
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