SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe next major resistance is near the $210 level or the 50% Fib retracement level of the downward move from the $223 swing high to the $196 low. The main resistance could be $213. A successful close above the $213 resistance level could set the pace for another steady increase. The next key resistance is $225. Any more gains might send the price toward the $240 level.<\/p>\n
Another Decline in SOL?<\/h2>\n If SOL fails to rise above the $205 resistance, it could start another decline. Initial support on the downside is near the $196 level. The first major support is near the $188 level.<\/p>\n
A break below the $180 level might send the price toward the $175 zone. If there is a close below the $175 support, the price could decline toward the $162 support in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bearish zone.<\/p>\n
Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n
Major Support Levels \u2013 $196 and $188.<\/p>\n
Major Resistance Levels \u2013 $205 and $210.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana failed to clear the $225 resistance and trimmed gains. SOL price is now below $200 and showing a few bearish signs. SOL price started a fresh decline after it failed to stay above $220 against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $204 on the hourly chart of the SOL\/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $205 zone. Solana Price Dips Again Solana price struggled to clear the $220-$225 zone and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $212 and $205 support levels. The price even dipped below the $200 handle. A low was formed at $196.73, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $223 swing high to the $196 low. Solana is now trading below $200 and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $204 on the hourly chart of the SOL\/USD pair. On the upside, the price is facing resistance near the $204 level. The next major resistance is near the $210 level or the 50% Fib retracement level of the downward move from the $223 swing high to the $196 low. The main resistance could be $213. A successful close above the $213 resistance level could set the pace for another steady increase. The next key resistance is $225. Any more gains might send the price toward the $240 level. Another Decline in SOL? If SOL fails to rise above the $205 resistance, it could start another decline. Initial support on the downside is near the $196 level. The first major support is near the $188 level. A break below the $180 level might send the price toward the $175 zone. If there is a close below the $175 support, the price could decline toward the $162 support in the near term. Technical Indicators Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level. Major Support Levels \u2013 $196 and $188. Major Resistance Levels \u2013 $205 and $210.<\/p>\n","protected":false},"author":67,"featured_media":672332,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[12837,83626,89318,86410,83627],"class_list":["post-672330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\n
Solana (SOL) Falls Under $200: Temporary Setback or Trend Shift?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n