💥 Solana($SOL ) Slips Into the Danger Zone — Can the Bulls Hold the Line?
Solana’s price took a hit from the $180 resistance and is now sliding below $170 — a key support zone that’s attracting attention. Let’s break down what’s happening:
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🔻 SOL Price Action Update
Solana faced rejection near $180 and started losing momentum.
Price tumbled below $170 and even dipped under $162, marking a fresh low around $160.
After hitting $160, SOL bounced slightly, climbing back above $165.
It managed to break the 23.6% Fibonacci retracement level of the move from $180 high to $160 low.
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📊 Key Levels & Trend Insights
Trendline Resistance: SOL faces a bearish trendline near the $170 zone on the hourly chart, aligned with the 100-hour SMA.
The 50% Fibonacci retracement of the same drop aligns with the $169–$170 area — a critical barrier for any bullish reversal.
Major Resistance:
$170 (trendline + 100-hour SMA)
$172 (next key hurdle)
$180 (a potential breakout point for a sustained rally)
If SOL clears $180, we could see further gains toward $185, and eventually $200.
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🔻 Bearish Scenario?
If SOL fails to reclaim the $170 resistance:
First support lies near $162.
Major support sits around $160.
A close below $160 could push SOL toward $155.
If $155 gives way, the next downside target might be $142.
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🔍 Technical Indicators
MACD (1H): Still bearish, though signs of a slight recovery.
RSI (1H): Below 50, indicating ongoing selling pressure.
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⚡ Conclusion
Solana is struggling to regain momentum after the rejection at $180. Bulls need to step up soon and flip $170 to support; otherwise, the path toward $160–$155 looks increasingly likely.
Stay tuned for updates and key levels to watch!
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