koinmilyoner
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Bullish
Solana Pulls Back 📉 Healthy Dip or Start of Bigger Correction? ⚡
Above $232, Solana rose again. SOL price is reversing gains below $240 and may rise again if it remains above $20.
SOL price rose over $232 and $240 versus the US Dollar.
The price is below $240 and the 100-hourly SMA.
SOL/USD broke below a positive trend line with support at $242 on the hourly chart.
If it falls below $230, losses may continue.
Solana Falls Below Support
After finding support at $212, Solana price rose, outperforming Bitcoin and Ethereum. SOL entered a short-term bullish zone over $232.
The price broke $240 resistance. Price broke $245 thanks to bulls. The price just retreated from its $250 high. The upward rise from the $200 swing low to the $250 high fell below the 23.6% Fib retracement line.
Additionally, the hourly SOL/USD chart broke below a positive trend line with support at $242. Solana is below $240 and the 100-hour SMA.
The price faces upward resistance at $238. Near $240 is the next significant resistance. The $245 resistance may be key. Close above $245 barrier might start another steady rise. The next major resistance is $255. More advances might push the price toward $262.
More SOL losses?
SOL might tumble again if it fails to break $240 resistance. Near $232 is first downside support. The first key support is $230, the 50% Fib retracement level of the upward run from $200 swing low to $250 high.
A breach below $230 might drive pricing to $224. If the price closes below $224, it may fall below $220.
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: $230, $224.
Two major resistance levels: $240 and $245.
#FedRateCutExpectations #solana #SummerOfSolana? #AltcoinSeasonComing? $SOL $BTC
Above $232, Solana rose again. SOL price is reversing gains below $240 and may rise again if it remains above $20.
SOL price rose over $232 and $240 versus the US Dollar.
The price is below $240 and the 100-hourly SMA.
SOL/USD broke below a positive trend line with support at $242 on the hourly chart.
If it falls below $230, losses may continue.
Solana Falls Below Support
After finding support at $212, Solana price rose, outperforming Bitcoin and Ethereum. SOL entered a short-term bullish zone over $232.
The price broke $240 resistance. Price broke $245 thanks to bulls. The price just retreated from its $250 high. The upward rise from the $200 swing low to the $250 high fell below the 23.6% Fib retracement line.
Additionally, the hourly SOL/USD chart broke below a positive trend line with support at $242. Solana is below $240 and the 100-hour SMA.
The price faces upward resistance at $238. Near $240 is the next significant resistance. The $245 resistance may be key. Close above $245 barrier might start another steady rise. The next major resistance is $255. More advances might push the price toward $262.
More SOL losses?
SOL might tumble again if it fails to break $240 resistance. Near $232 is first downside support. The first key support is $230, the 50% Fib retracement level of the upward run from $200 swing low to $250 high.
A breach below $230 might drive pricing to $224. If the price closes below $224, it may fall below $220.
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: $230, $224.
Two major resistance levels: $240 and $245.
#FedRateCutExpectations #solana #SummerOfSolana? #AltcoinSeasonComing? $SOL $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SOL
128.42
+1.07%
