Certainly increasing. The price 200$ will only be a bottom in the past
LIVE
Crypto Breaking
--
Solana (SOL) Encounters Barriers: Is a Fresh Surge Still Possible?
Solana started a downside correction below the $230 zone. SOL price is now recovering losses and facing hurdles near the $220 level.
SOL price started a fresh increase after it tested the $204 zone against the US Dollar.
The price is now trading below $230 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $220 on the hourly chart of the SOL/USD pair (data source from Kraken).
The pair could start a fresh increase if the bulls clear the $220 zone.
Solana Price Eyes Upside Break
Solana price formed a support base and started a fresh increase from the $204 level like Bitcoin and Ethereum. There was a decent increase above the $210 and $212 resistance levels.
There was a move above the 23.6% Fib retracement level of the downward move from the $243 swing high to the $203 low. However, the price is now facing many hurdles near $220. Solana is now trading above $218 and the 100-hourly simple moving average.
On the upside, the price is facing resistance near the $220 level. There is also a key bearish trend line forming with resistance at $220 on the hourly chart of the SOL/USD pair.
The next major resistance is near the $224 level or the 50% Fib retracement level of the downward move from the $243 swing high to the $203 low. The main resistance could be $228. A successful close above the $228 resistance level could set the pace for another steady increase. The next key resistance is $235. Any more gains might send the price toward the $250 level.
Another Decline in SOL?
If SOL fails to rise above the $220 resistance, it could start another decline. Initial support on the downside is near the $212 level. The first major support is near the $205 level.
A break below the $205 level might send the price toward the $200 zone. If there is a close below the $200 support, the price could decline toward the $188 support in the near term.
Technical Indicators
Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.
Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.
Major Support Levels – $212 and $205.
Major Resistance Levels – $220 and $228.
Source: NewsBTC.com
The post Solana (SOL) Encounters Barriers: Is a Fresh Surge Still Possible? appeared first on Crypto Breaking News.
Buy between 0.005-0.0051 for a potential breakout! Target 1: 0.0054 Target 2: 0.0056
$TROY's Relative Strength Index (RSI) is rebounding from oversold territory, indicating a strong buy signal! The chart is forming a "Bullish Inverse Head and Shoulders" pattern, signaling a potential trend reversal! With buying pressure building up, $TROY is poised for a significant price surge!
Scenario $BTC corrective wave (4) is that the triangle did not occur. $BTC needs a deeper correction to break out and end wave (5) at 96k What is happening shows that $BTC will correct the complex wave which is Double Zigzag. Wave (4) may end in the price range of 57k - 59k Follow me for accurate Elliott wave analysis #BinanceSquareVietnam
"Binance cryptocurrency exchange is blocked in the Philippines, users cannot withdraw money in time and are stuck 😟. Philippine SEC cannot support how to get money back after Binance is blocked. Hopeful investors transferred money to local exchange or personal wallet. Binance has not yet filed an official application for registration in the Philippines. Let's discuss this in the comments!#cryptonews#Binance #Philippines"
Persevere until the end and you will definitely achieve success If BTC returns to complete wave E of the triangle, it means wave (4) has ended. Then it will increase to 96k to complete wave (5). Let's wait and see what happens next #BinanceVietnamSquare $BTC
Tracking the count of #Bitcoin against the dollar🇺🇸 on the 4-hour timeframe:
🌊🌊 An opportunity to ride a bullish impulsive wave
✨As we previously anticipated, a triangle pattern has formed, representing wave 4 of wave (3) in a higher timeframe. We might notice the end of this corrective pattern, and we are about to enter a new impulsive wave 📈 representing wave 5 of wave (3), which could push the price to reach the level of 94140.78, coinciding with the upper limit of the final channel.
💫To confirm this scenario, a clear and decisive breakout 🏹 of the upper limit of the triangle pattern, as shown in the chart, must be observed.
❌ Breaking the level of 60794.84 cancels the triangle pattern.
$BTC With the decline of $BTC today, there are 2 possible corrective waves. Please be patient and wait for any scenario to happen so you can participate in buying $BTC
THETAUSD H4 Crypto Chart THETAUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave B Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: the corrective of Wave 4 has a trend to 38.2% of Wave 3.
$BTC Let's wait for the correction to end and then there will be an expected breakout to 80k USD Next there will be a big correction wave towards the future of 100k, 200k or 15k hahhaa
OM/USTD Entry price 0.7$ - Take profit price 1$ Wave 5 has now begun P/s: Suggesting a potential short-term trade of 30% Disclaimer if trading losses Thank!