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29423
 Solana started a new leg higher from the $175 area. SOL price is currently recovering and is expected to break the $188 resistance.
Solana price expected to rise steadilySolana price extended losses after closing below $188, with Bitcoin and Ethereum similar. SOL fell below the $185 and $108 support levels and entered short-term bearish territory. The price formed a low at $175 and is currently trying to rise again. The price broke the $180 and $182 resistance levels. The price broke above the 23.6% Fibonacci retracement level of the downward move from the $210 swing high to $175 low. Additionally, there was a break above the resistance connecting the bearish trend line with resistance at $183 on the hourly chart of SOL/USD. Solana is currently trading above $182 and the 100 hourly simple moving average.  On the upside, the price faces resistance near $188. The next major resistance is near $192, which is the 50% Fibonacci retracement level of the downside move from the $210 swing high to $175 low. Major resistance is likely to be at $195. A successful close above the $195 resistance could set the stage for the next round of solid gains. The next key resistance is at $200. If the price continues to rise, it could push towards $210. SOL slides again?If SOL fails to break the $188 resistance, the decline is likely to continue. On the downside, initial support is near $184. The first major support level is near $180. A break below the $180 level could push the price toward the $175 support zone. If the price closes below the $175 support, the price may fall towards the $166 support in the near term. Technical indicators Hourly MACD – The MACD for SOL/USD is accelerating within the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major support levels – $180 and $175. Major resistance levels – $188 and $192. When we enter the currency circle, we must seize the trend. We are not here to earn wages, but to make a fortune. Now the trend is in front of us. If you don’t seize it, if you miss this wave, you may have to wait another 2 years! The next market trend is particularly critical. The door to the altcoin era has opened, and the opportunity is fleeting! Don't let hesitation hold back your wealth dreams, and don't let the trap of air coins swallow up your principal! I will take everyone to aim at the opportunities to get rich in copycats. There is no problem if the expected space is more than 10 times. Scan the QR code below and take you to lay out the entire bull market! Joining us means standing on the shoulders of giants and seizing the opportunity to get rich quickly. If you miss it, you may miss a hundred times the opportunity. Many friends in the current market still don’t understand that buying at the second level is not good and playing 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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