Solana – How poor demand can affect the goals of its price of $ 188 and $ 206 star-news.press/wp

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Although Solana has turned a major resistance area to support it, it may be unable to defend it. Selling pressure behind bitcoin, along with a weak purchase pressure on Solana, may see a category of Souls bulls.

Solana was slowly heading up in price schemes. The bulls were able to restore the $ 180 region as support. In conjunction with the bullish market structure on the daily time frame, the prospects seemed good for buyers Sol at the time of the press.

Solana whale accumulates 60,000 values 11.23 million dollars On Thursday, August 21. Futures data also highlighted the bullish promise in the short term. In the long run, Solana’s high productivity was also receiving institutional attention.

In order for Altcoin to ascend, Bitcoin (BTC) prevents re -imitation will help. At the time of this report, BTC was trading at $ 113.2 thousand, higher than $ 112.4 thousand. The sale of Bitcoin worth $ 64.4 million by Ark 21shares also sparked some fear in the market.

Solana turns $ 180 to support it, but the size is a question mark

Source: Sol/USDT on TradingView

The plasting points on the graph have been marked for a day of $ 155.8 and $ 206.3. The step that exceeds any of the two levels will dictate the next direction. In price charts, the Sol price was between these two levels, after he turned the resistance from May to support.

The market structure was upward and tracked RSI bullish momentum. However, OBV was relatively flat. The purchase volume will need to go up in the coming days to provide hope for moving to $ 206 and higher.

Source: Sol/USDT on TradingView

On the graph for 4 hours, OBV was not heading up, as the volume was relatively low during the decline from $ 206 to $ 180. RSI was also neutral.

However, the price movement, which looked down, has begun to turn into the time of the press. The level of $ 188 should be broken to convert the H4 brown. This will be a sign that the level of $ 180 controls buyers and may be ready to make more gains.

Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer