Solana Price (SOL) Faces Challenges at $200: Bulls Remain Active

2024-7-30 08:08

Solana extended gains above $180. SOL price is now struggling to reach the $200 level and showing some signs of a downside correction.

SOL price started a downside correction from the $192 zone against the US Dollar. The price is now trading below $185 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $187 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start another increase unless it settles below the $175 support. Solana Price Fails To Test $200

Solana price remained in a positive zone and extended gains, beating Bitcoin and Ethereum. It traded above the $180 and $185 resistance levels. Finally, it tested the $192 zone and struggled to reach $200.

A high was formed near $193.86 and the price started a downside correction. There was a move below the $190 and $188 support levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $165 swing low to the $193 high.

Besides, there was a break below a key bullish trend line with support at $187 on the hourly chart of the SOL/USD pair. Solana is now trading below $185 and the 100-hourly simple moving average.

The bulls are now active near the $180 support and the 50% Fib retracement level of the upward move from the $165 swing low to the $193 high. On the upside, the price is facing resistance near the $185 level. The next major resistance is near the $188 level.

A successful close above the $188 resistance could set the pace for another steady increase. The next key resistance is near $192. Any more gains might send the price toward the $200 level.

More Losses in SOL?

If SOL fails to rise above the $185 resistance, it could start another decline. Initial support on the downside is near the $180 level. The first major support is near the $175 level.

A break below the $175 level might send the price toward $165. If there is a close below the $165 support, the price could decline toward the $155 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $180 and $175.

Major Resistance Levels – $185 and $188.

origin »

Sola (SOL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SOL / 27.153m SOL

sol price correction 200 solana downside showing

Источник: newsbtc.com

sol price → Результатов: 126


SOL price prediction: SOL Hodlers could see $1,000 prices in 2026 after SOL ETF expected to be approved

The fourth quarter of 2025 is shaping up to be critical for the crypto market as attention shifts to Solana price momentum and the rapid rise of Remittix. With Solana trading near $225 and ETF approval rumours heating up, hodlers are optimistic about a long-term rally toward $1,000 in 2026. At the same time, Remittix […]

2025-10-3 12:39


Фото:

SOL Price Forecast Takes Bearish Turn, Prepare For Potential Plummet To $30 Or Lower

Solana (SOL) has emerged as a prominent player in the dynamic world of cryptocurrency, showcasing a remarkable uptrend and delivering substantial gains. Despite a modest 3. 6% correction in SOL price over the past 24 hours, the native token of the blockchain platform has recorded a significant increase of 43% over the past fourteen-day period.

2023-11-21 01:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Solana Air Gap: Analyst Says No Major Support Level Until $24

An analyst has pointed out how a sort of supply “air gap” exists for Solana below $144, with no major on-chain support levels until much lower. Solana URPD Reveals Supply Chasm Below $144 In a new post on X, analyst Ali Martinez has talked about how Solana support is looking from an on-chain lens.

Solana Core Evolution: Here’s The Underrated Impact Of The BIT Narrative

Solana is evolving faster than most market participants realize, and it has been celebrated for its blistering speed and low transaction costs. The BIT narrative movement within the SOL ecosystem is quietly driving a core evolution of the platform, cementing the network’s position as a leading blockchain.

Solana Pullback Finds Purpose As Strong Hands Eye Accumulation Below $160

Solana’s recent pullback appears to be finding direction as the price drifts toward the $160 zone, a level attracting strong-handed investors. Despite short-term weakness, sentiment around SOL remains steady, with traders viewing the dip as a potential accumulation opportunity before momentum shifts back in favor of the bulls.

Solana Breaches Key $180 Level – What You Should Know

Solana (SOL) is presently priced around $186, after a rather turbulent display in the past week. While the leading altcoin notably showed a significantly volatile price action, bearish sentiments reigned supreme, resulting in a net 4.