📉 SOL Slides Further — But Is a Reversal Closer Than It Looks?

From $172, Solana fell. SOL price is falling and may go below $155.

From the $172 US Dollar barrier zone, SOL price fell again.

The price is below $162 and the 100-hourly SMA.

On the hourly SOL/USD chart, a negative trend line with resistance at $160 is formed.

The pair might rise again if it breaks $160 resistance.

Again, Solana Prices Fall

Like Bitcoin and Ethereum, Solana pricing lost ground over $172. SOL accelerated below $160 support.

Price dropped below $155. A low around $150 sparked a recent comeback. Price rose beyond $155. It broke the 23.6% Fib retracement level of the latest drop from $180 swing high to $150 low.

Solana is below $160 and the 100-hour SMA. The hourly SOL/USD chart shows a negative trend line with resistance at $160.

The trend line and $160 level provide barriers on the upswing. Near $165 is the next significant resistance. It is around the 50% Fib retracement level of the latest slide from $180 swing high to $150 low.

The major obstacle may be $170. Close over the $170 barrier zone might start another steady rise. The next hurdle is $172. More advances might push the price toward $180.

SOL Decline Again?
SOL might tumble again if it fails to break $160 barrier. Near $155 is first downside support. Near $152 is the first substantial support.

A fall below $152 might push the price near $145. If the price closes below $145, it may fall to $132.

Tech Indicators

MACD hourly for SOL/USD is rising in the negative zone.

Hourly RSI – RSI for SOL/USD is below 50.

Major Support Levels: $155 and $152.

Major Resistance: $160, $162.

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