Solana Price Consolidates Above $190, Eyes Gains Beyond $200
Solana Price Movement Overview
- SOL price increased above $185 and $192 against the US Dollar.
- Current trading position is above $190 and the 100-hourly simple moving average.
- A bullish trend line support was broken below $202 on the hourly chart of the SOL/USD pair.
- The price could continue to rise if it surpasses the $198 resistance zone.
Price Resistance and Support Levels
- Main resistance is at $202; a close above this level may lead to further increases.
- Next key resistance levels are $210 and potentially $220.
- If SOL fails to exceed $200, initial support is near $192, with major support at $188.
- A drop below $188 could push the price towards $180 and then $175.
Technical Indicators
- Hourly MACD indicates a slowdown in bullish momentum.
- RSI for SOL/USD is below the 50 level, suggesting a potential decline.