🔥 SOL Refuses to Back Down — Are Bulls Loading Up for Lifto
koinmilyoner
Updated at: 6 hours ago
{"content":"🔥 SOL Refuses to Back Down — Are Bulls Loading Up for Liftoff?
Above $215, Solana rose again. SOL price is stabilizing at $212 and may rise above $220.
SOL price rose over $205 and $212 versus the US Dollar.
The price is above $212 and the 100-hourly SMA.
The hourly SOL/USD chart shows a positive trend line with support at $216.
The pair might extend advances if it breaks $220 resistance.
Solana Price Sees Rise
After finding support at $202, Solana price rose, outperforming Bitcoin and Ethereum. After rising over $208, SOL entered a short-term bullish zone.
The price broke $215 barrier. Prices broke $218 thanks to bulls. Price is consolidating gains above the 23.6% Fib retracement line of the upward advance from the $199 swing low to the $220 high.
Solana is over $212 and the 100-hour SMA. The hourly SOL/USD chart shows a positive trend line with support at $216.
The price faces upward resistance at $220. Near $228 is the next significant resistance. The $232 resistance may be key. Close above $232 barrier might start another steady rise. The next hurdle is $244. More increases might push the price toward $250.
SOL downside correction?
SOL might tumble again if it fails to break $220 resistance. The $216 zone and trend line provide first downward support. The first key support is $210, the 50% Fib retracement level of the upward run from the $199 swing low to the $220 high.
A breach below $210 might push pricing below $202 support. If the stock closes below $202, it may fall toward $195.
Tech Indicators
SOL/USD hourly MACD is rising in the positive zone.
Hourly RSI – RSI for SOL/USD is over 50.
Major Support Levels: $216, $210.
Two major resistance levels: $220 and $232.
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