Solana (SOL) Needs to Hold $200 for Next Rally: Will It Succeed?
13 Novembro 2024 - 2:08AM
NEWSBTC
Solana started a fresh increase above the $200 support zone. SOL
price is correcting gains and must stay above $200 for a fresh
increase. SOL price started a fresh increase after it settled above
the $188 level against the US Dollar. The price is now trading
below $212 and the 100-hourly simple moving average. There was a
break below a key bullish trend line with support at $210 on the
hourly chart of the SOL/USD pair (data source from Kraken). The
pair could start a fresh increase if the bulls defend the $200
support zone. Solana Price Starts Downside Correction Solana price
formed a support base and started a fresh increase above the $185
level like Bitcoin and Ethereum. There was a strong move above the
$195 and $200 resistance levels. The price even cleared the $212
level. A high was formed at $225 and the price is now correcting
gains. There was a move below the $220 and $212 levels. The price
dipped below the 50% Fib retracement level of the upward move from
the $195 swing low to the $225 high. There was a break below a key
bullish trend line with support at $210 on the hourly chart of the
SOL/USD pair. Solana is now trading below $212 and the 100-hourly
simple moving average. The price is now approaching the key support
at $200 and the 76.4% Fib retracement level of the upward move from
the $195 swing low to the $225 high. On the upside, the price is
facing resistance near the $208 level. The next major resistance is
near the $212 level. The main resistance could be $225. A
successful close above the $225 resistance level could set the pace
for another steady increase. The next key resistance is $242. Any
more gains might send the price toward the $250 level. More Losses
in SOL? If SOL fails to rise above the $212 resistance, it could
continue to move down. Initial support on the downside is near the
$202 level. The first major support is near the $200 level. A break
below the $200 level might send the price toward the $195 zone. If
there is a close below the $195 support, the price could decline
toward the $185 support in the near term. Technical Indicators
Hourly MACD – The MACD for SOL/USD is losing pace in the bullish
zone. Hourly Hours RSI (Relative Strength Index) – The RSI for
SOL/USD is below the 50 level. Major Support Levels – $200 and
$195. Major Resistance Levels – $208 and $212.
Ethereum (COIN:ETHUSD)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Ethereum (COIN:ETHUSD)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024