Solana Price Surges Above $200, Eyes Further Gains Beyond $208
Solana (SOL) is experiencing a positive trend, consolidating above $200 after surpassing the $188 mark. The price momentum suggests potential gains if it clears the $208 resistance.
- SOL initiated an upward movement above $185 and $188 against the US Dollar.
- Currently trading above $200 and the 100-hourly simple moving average.
- A bullish trend line with support at $199 is forming on the SOL/USD hourly chart.
- Resistance levels are at $208 and potentially $218, with a main resistance at $225.
Potential Pullback for SOL?
- If SOL fails to break above $208, it might decline.
- Key support levels are near $199 and $195.
- A drop below $195 could lead to further decline toward $190 or $180.
Technical Indicators:
- Hourly MACD indicates a bullish trend.
- RSI for SOL/USD remains above 50, showing strength.