Along with the rest of the cryptocurrency market, SOL has suffered a defeating blow from bears since it printed a new record high at $260 last week. The fifth-largest cryptocurrency has slipped below the critical $216 support as bears keep their feet in the gas. With the price approaching the 209 support, we could see a rebound off the line, pending the efficacy with which the 200 SMA repels the price.
Meanwhile, my resistance levels are $216, $220, and $230, and my support levels are $209, $200, and $190.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.