Solana failed to settle above $112 and extended losses. SOL price is now recovering above $102 but faces many hurdles near $108 and $110.
SOL price started a decent recovery wave above $100 and $102 against the US Dollar.
The price is now trading below $110 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $108 on the hourly chart of the SOL/USD pair (data source from Kraken).
The price could continue to move up if it clears $108 and $110.
Solana Price Faces Resistance
Solana price remained stable and started a decent recovery wave from $95, like Bitcoin and Ethereum. SOL was able to climb above the $100 level.
There was a move above the 23.6% Fib retracement level of the downward move from the $119 swing high to the $95.81 low. However, the bears are active below $110. There is also a key bearish trend line forming with resistance at $108 on the hourly chart of the SOL/USD pair.
Solana is now trading below $105 and th
We współpracy z: https://www.newsbtc.com/analysis/solana-sol-keeps-100-alive/
