Analysis: Solana (SOL) finds support with important support, race back up to $ 180? – Passionategeekz

The cryptomarkt fell in the news after a lot of uncertainty. Fortunately, many of these coins were able to recover within a short time. Solana is one of this, so let’s look at the graphs.

The price levels of Solana

We start this analysis with a look at the daily graph of Sol. Here every candle stands for a 24 -hour period, so that we can see a large part of the price history. In this way, two price level becomes clear that often influenced Solana.

I am talking about the red and blue zone in the graph above. Almost every fall or rise against this zone, caused a change of course. It was therefore plausible that – should the coin ever come back here – that the course would shoot in a different direction.

These zones remain important more often in the future. We said that the red zone, with one exception (orange circle), has found support every time to rise further, sometimes even higher than 60%. The reaction that the coin gave to this level was therefore not unexpected.

Back back to $ 180?

And to better analyze it, we will also take a look at the 4-hour graph of Sol. Here every candle is not for 24, but for 4 hours. In this way we get the best picture of the price in the short term. This is how we see the ‘mini-support’ that Sol lost last time. This indicated with the green dotted line.

This was the place of the last low point, and the coin was allowed to come below – as we discussed in the previous analysis – this could cause a decrease to the red zone. This has played perfectly and we hope to be able to go further up.

The coin has already increased beyond this previous low point, which usually has a positive effect on the course. This makes it seem like Sol wants to rise back to the blue zone of 180 dollars. This would be a nice sequel, and perhaps we even rise above this resistance.

If that happens that way, we can expect a period of beautiful increases. But it is good not to be too bullish. If the rate ends up under the red, it can go down hard. For now it is therefore good to keep a close eye on the graphs. Preferably in combination with the news.