analysis
sol/usdt/perpetual/bybit/1H
In this time frame, the price has downward fan lines.
After hitting the support area of 16 dollars, the price was supported and could not cross its previous ceiling of 18 dollars in the downward trend.
If the price stabilizes below the support level of $17.408, the bearish scenario will continue and we will expect a fall to the levels of 0.886 Fibonacci and then 1.13 Fibonacci.
Support:
17.107 - 16.627 - 16.04 - 15.642
Resistances:
17.783 - 18.201 - 18.876
sol/usdt/perpetual/bybit/1H
In this time frame, the price has downward fan lines.
After hitting the support area of 16 dollars, the price was supported and could not cross its previous ceiling of 18 dollars in the downward trend.
If the price stabilizes below the support level of $17.408, the bearish scenario will continue and we will expect a fall to the levels of 0.886 Fibonacci and then 1.13 Fibonacci.
Support:
17.107 - 16.627 - 16.04 - 15.642
Resistances:
17.783 - 18.201 - 18.876