SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe next major resistance is near the $138 level or the 50% Fib retracement level of the downward move from the $147.28 swing high to the $127.80 low. A successful close above the $134 and $138 resistance levels could set the pace for another steady increase. The next key resistance is near $142. Any more gains might send the price toward the $150 level.<\/p>\n
More Downsides in SOL?<\/h2>\n If SOL fails to rise above the $138 resistance, it could start another decline. Initial support on the downside is near the $128 level. The first major support is near the $122 level.<\/p>\n
A break below the $122 level might send the price toward $115. If there is a close below the $115 support, the price could decline toward the $100 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 $128 and $122.<\/p>\n
Major Resistance Levels \u2013 $134 and $138.<\/p>\n","protected":false},"excerpt":{"rendered":"
Solana started a fresh decline below $150 and $142. SOL price tested $128 and is currently struggling to start a recovery wave. SOL price started a fresh downward move below $150 against the US Dollar. The price is now trading below $140 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $134 on the hourly chart of the SOL\/USD pair (data source from Kraken). The pair could start a recovery wave if it clears the $138 resistance zone. Solana Price Extends Losses Solana price started a fresh decline below the $150 support like Bitcoin and Ethereum. SOL gained pace and traded below the $142 level. It even tested the $128 support level. A low was formed at $127.80 and the price is now consolidating losses. The price is showing some signs of a recovery wave, but it is still below the 23.6% Fib retracement level of the downward move from the $147.28 swing high to the $127.80 low. Solana is now trading well below $140 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $132.50 level. There is also a connecting bearish trend line forming with resistance at $134 on the hourly chart of the SOL\/USD pair. The next major resistance is near the $138 level or the 50% Fib retracement level of the downward move from the $147.28 swing high to the $127.80 low. A successful close above the $134 and $138 resistance levels could set the pace for another steady increase. The next key resistance is near $142. Any more gains might send the price toward the $150 level. More Downsides in SOL? If SOL fails to rise above the $138 resistance, it could start another decline. Initial support on the downside is near the $128 level. The first major support is near the $122 level. A break below the $122 level might send the price toward $115. If there is a close below the $115 support, the price could decline toward the $100 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 $128 and $122. Major Resistance Levels \u2013 $134 and $138.<\/p>\n","protected":false},"author":67,"featured_media":639133,"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-639131","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 Price (SOL) Turns Red: Key Supports That May Spark a Bullish Upside?<\/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