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56341
 Solana shares are starting to rebound after breaking out of the key $162 area. SOL price is currently consolidating and facing resistance near $172.
Solana price starts to recoverAfter Solana price fell below $150, bulls started to rebound, Bitcoin and Ethereum Other cryptocurrencies have also rebounded. SOL price once tested the $145 area and has recently begun to rebound. The SOL/USD pair broke the $155 and $162 resistance levels. Furthermore, the price also broke above the contracting triangle with resistance at $162 on the hourly chart of SOL/USD. The pair even broke above the 50% Fibonacci retracement level of the decline from the $188 high to $145 low. Solana is currently trading above $162 and above the 100 hourly simple moving average. On the upside, immediate resistance is near $168. The next major resistance is near $172, or the 61.8% Fibonacci retracement level of the decline from the $188 high to $145 low.  Major resistance is likely to be at $178. A successful close above the $178 resistance zone could set the stage for the next round of solid gains. The next key resistance level is $185. If the price continues to rise, a move towards the $196 level is possible. SOL (cruise time) down again?If SOL fails to break the $172 resistance, the decline is likely to continue. Initial support on the downside is near $162. The first major support level is near $160. A break below the $160 mark could lead the price to test towards the $155 support area. If the price closes below the $155 support, the price may fall further towards the $150 area in the short term. Technical indicators Hourly MACD Indicator – The MACD indicator for SOL/USD is accelerating in bullish territory. Hourly RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major support levels – $155 and $150. Major resistance levels – $168 and $172. The next market trend is particularly critical, and opportunities are fleeting! Don't let hesitation hold back your wealth dreams, and don't let the trap of air coins swallow up your principal! Scan the QR code below to take you through the entire bull market! Joining us means standing on the shoulders of giants and seizing the opportunity to get rich. If you miss it, you may miss the opportunity a hundred times! Many friends still don’t understand the current market. It’s hard to buy at the second level, and they don’t understand at the first level. You can join us! Level one feeding tutorial, level two real-time entry and exit points and position allocation details, a group of professional people will serve you! You can follow me or add me on WeChat below! Welcome everyone to join my group to discuss and exchange information! VX: suiyue3786, backup VX: LS688677   |
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