SOL/USD: Resistance Level at $190 if SOL Stays in Range of 10/100 DMA
CryptoNewsTerminal Staff19 Aug, 2024
SOL/USD: Resistance Level at $190 if SOL Stays in Range of 10/100 DMA
Solana (SOL) has been trading within a range of $144 (10-day moving average) and $154.8 (100-day moving average) on the daily chart. If SOL can maintain this range, analysts at Crypto Basic believe that it could rally towards the strong resistance level near $190. A break above $190 could lead to a long-term rally towards $1,000. However, if SOL fails to break the $190 resistance, it could lead to further sideways movement or a retest of the support.
