🚨 SOL Dips Toward Critical Support – Will the Bulls Step In Before It’s Too Late?
Solana (SOL) is once again under pressure, tumbling from the $180 resistance zone and testing key support levels. As major altcoins like Bitcoin and Ethereum push higher, SOL is struggling to hold its ground. Here's the latest breakdown and what could come next.
🔻 SOL Price Slides Below Key Levels
Solana failed to hold the $180 level and has since plunged below $170, trading under the 100-hour Simple Moving Average (SMA). A strong downtrend is visible, with a bearish trend line forming resistance around the $170 zone on the hourly SOL/USD chart.
📉 Price fell as low as $160 before bouncing slightly.
🔄 Rebounded past $165 and broke above the 23.6% Fibonacci retracement (from $180 to $160).
🚫 Still facing resistance at $170 and near the 50% Fib level.
⚠️ Resistance and Recovery Levels to Watch
If SOL can break above $170 convincingly, it could retest the $172 resistance. A sustained move above $172 might open the doors to a stronger rally, with targets at:
🔹 $180 – Key resistance level
🔹 $185 – Next major hurdle
🔹 $200+ – Bullish breakout zone
However, the road to recovery is steep, and buyers must step in soon to avoid further declines.
🛑 Bears in Control? Key Support Zones
If bulls fail to reclaim $170, SOL could see another leg down. Immediate support lies at:
🟥 $162 – Minor support
🟥 $160 – Major support level
⚠️ $155 – Critical breakdown point
🚨 $142 – Next major downside target
A close below $155 could spell deeper trouble for Solana in the near term.
📊 Technical Indicators
MACD: Slowly turning bullish, but still in negative territory.
RSI: Struggling below 50, signaling weak momentum.
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📌 Key Levels to Watch:
Support: $162, $160, $155
Resistance: $170, $172, $180
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